ARTICLES LABELLED WITH TAG office

In the first half of 2024, the trends that emerged last year were consolidated and intensified in Ukraine’s office and industrial real estate market. The situation has stabilized and the market is gradually returning to pre-war numbers. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

The volume of office leasing in Bucharest amounted to 168,000 sqm during H1 2024, down 11% compared to the same period of last year, with the average new lease deal at more than 1,100 sqm, according to Cushman & Wakefield Echinox. 

The Romanian unit of Strabag has been selected as generator contractor for the construction of a new office building for PPF Real Estate in Bucharest. 

Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.

Savills is moving its headquarters to new office space within the Masaryčka project in the centre of Prague. An additional 50% floor space is giving the Savills the foundation to expand its headcount towards 100 employees over the next phase of the business.

Investors originating from Belgium had the biggest share in Romania’s commercial property sector in the first eight months, according to a Fortim Trusted Advisors study. 

Cushman & Wakefield has been appointed as the property manager of the Vibe office building in Warsaw’s Wola district. 

Prague's office market has grown by 4 new buildings in Q2 2024, offering nearly 44,000 sqm of modern class A office space, reports Colliers in its regular quarterly office property market survey. A large part of these properties has found tenants before completion.

Property investment group Wing has fully completed the Liberty mixed-use project in Budapest after delivering 20,000 sqm of offices in the second phase.

Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million.