Torus has sold the fourth and final stage of the Alchemia business complex in Gdansk - the Neon office building. The buyer is global real estate investment manager DWS, on behalf of one of its German retail real estate funds. The net value of the transaction is over €80 million.
Budapest’s office market hasn’t collapsed but it has undergone a significant transformation over the past 12 months, and now the new normal has to be redefined, Valter Kalaus, Managing Director of consulting firm VLK Cresa explains.
GTC has been awarded the Very Good BREEAM certificate for one of its Warsaw assets, the Artico office building. Thus, the company has successfully completed the green adaptation process for all its Polish commercial assets.
Speedwell and Erste Group Bank signed a financing agreement of €27 million for the development of MIRO, a Class A office project the company is building in the northern part of Bucharest.
The key pandemic-related trends on the Polish office market of 2020 include the transformation of the way work we work and where we work. This prompted many occupiers to redefine their needs regarding the size of the office and the way the office is arranged. Equally important was ensuring workplace safety, also through new technological solutions. As a result of the pandemic and the lockdown measures, both development and leasing activity decreased slightly last year. Demand came mostly from new contracts and renewals. The AXI IMMO advisory firm summarises market conditions in 2020 and explores current office space trends in Poland.
Managed by Colliers and owned by AMASI Grundstücksgesellschaft mbH & Co. KG., the Warsaw office building Prosta Office Centre has been awarded a BREEAM certificate at Very Good level. The rating applies to both the Building Efficiency (Part 1) and the Management Efficiency (Part 2) parts of the certificate.
The pandemic has affected all economic sectors, and the real estate market is no exception. However, Skanska Romania ended the first year of the pandemic with the sale of two buildings in the Campus 6 project in Bucharest for €97 million, one of the largest transactions on the market. Aurelia Luca, EVP Operations Hungary and Romania at Skanska talked to Property Forum about the company's operations in Romania.
BCR Romania is working on a project that takes into account the increased demand for telework and flexible offices in the two buildings in Bucharest where it has rented offices, which can lead to a reduction of workplaces, Economica.net informs.
In 2020, office take-up hit its lowest level in ten years amid pandemic headwinds despite the largest-ever single lease contract signed to date and one of the highest volumes of new office space coming onto the Warsaw market on record, says real estate advisory firm Savills. Rents remained resilient and the overall vacancy rate is still below the levels last seen during the previous supply peak five years ago.
Skanska’s has commenced construction on its new project in Prague’s Holešovice district. Based on an architectural design by the DAM.architekti studio, Port7 will include 3 new administrative buildings, which upon planned completion in the second quarter of 2023 will offer 35,000 sqm of office and retail space.
Wilsons, an independent law firm, has signed a lease agreement for 800 sqm of office space in The Flow Building. Situated on Wenceslas Square and developed by Flow East. Wilsons will move into their new premises in Q3 2021.
Echo Investment has leased 8,500 sqm of commercial space to the Kaufland chain in the shopping center at Opieńskiego Street. The store will be opened in April 2021.
Barbora, the owner of the e-grocery store Barbora.pl, has leased 6,000 sqm of warehouse and office space in Ożarów II Logistics Centre. The tenant was represented during the transaction process by Cushman & Wakefield.
New appointments
Knight Frank Czech Republic has appointed Petra Pisková MRICS as Associate Director in the Valuation department. Petra will be responsible for investment and bank valuations across all sectors of commercial and residential property.
Olga Szczęsna has joined JLL Poland's Office Agency Department, where she has taken up the position of director. Olga will be responsible for the commercialization of buildings from the Patrizia portfolio, including N21, Metron and G9, as well as the Central Point building, currently under construction in the centre of Warsaw.
JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. Ciprian Sîrbu has over 10 years of experience in logistics, e-commerce, and industrial supply chain, completed by 7 years in which he worked in the IT field. His role within JLL is to provide advice to customers in streamlining the supply chain like the need for such services increases.
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