The Iulius Company started the construction works for a new Class A office building in Timişoara, as part of the Openville project, the largest mixed-use development in Western Romania. This is the third office building developed under the United Business Center (UBC) brand of the seven office buildings to be included in the project. With a gross leasable area upwards of 130,000 sqm, the office component of the Openville project is set to become a regional business hub.

Warsaw’s Kopernik office complex has received a BREEAM In-Use certificate with “Very Good” ratings in both Asset Performance and Building Management. The audit, commissioned by Cushman & Wakefield, the office park’s property manager, was conducted by Go4Energy.

Echo Investment concluded a contract with the PKO BP bank concerning an investment loan of nearly €32 million and a VAT loan of PLN 6 million. The funds will be used for the execution of the Sagittarius Business House office project in Wrocław.

Savills has listed the trends dominating Warsaw’s office market. The most important observation is the creation of a new group of tenants – co-working space operators, which generate an increasing share of demand. Also, as a result of Brexit, up to 4,000 new jobs can be created in Warsaw and the falling unemployment rate will increase the importance of office space in attracting best talents.

Knight Frank will manage the Maraton office building in Poznan. Union Investment, the property owner, entrusted the company with the management of a building with a total GLA of more than 26,000 sqm.

Penta Investments has obtained financing for the D48 office building, which is under construction in Warsaw’s Służewiec district. The project should be completed in August with the building expected to be put into operation in early October. It will have a GLA of over 26,000 sqm.

Through its subsidiary NEPI has concluded agreements to acquire the Serdika Center and Serdika Office buildings in Sofia, Bulgaria for €207.4 million.

Knight Frank was appointed sole agent to commercialise V.Offices – a project currently under construction by AFI Europe in Kraków – and buildings B and C of the Sportowa Centrum office complex in Gdynia. Knight Frank has also been appointed property manager of the Lobos office building in Kraków, a property is owned by the Lobos Group.

LaSalle Investment Management has acquired the River Garden I office complex in Prague’s Karlín business district on behalf of its LaVA mandate for approximately €57 million. The seller is Slovak asset management company IAD Investments on behalf of Prvý realitný fond.

AFI Europe signed a pre-agreement to sell AFI Park 1-3 office buildings to Dedeman, a Romanian DIY retail company. The agreement also includes an option to sell AFI Park 4&5. The total price for AFI 1-5 is approximately €164 million.