ARTICLES LABELLED WITH TAG office

Lidl has chosen Apollo Nivy in Bratislava as the location of its head office in Slovakia. The relocation of more than 500 employees of the discount headquarters is planned for December of this year.

Park Avenue Tower in Tirana has become the first Albanian office project to secure BREEAM Design Stage certification with an Excellent rating, a level in alignment with European standards for commercial investments. The process of certification was conducted by experts from Colliers Poland with support from the Colliers Albania team.

After four years of a pandemic-induced disruption it is now clear that although hybrid working is not the dominant pattern, it is here to stay. New research from Cushman & Wakefield has found that 27% of Polish people combine in-office attendance with home office, whereas that figure for cities with a population of over 500,000 stands at 36%. Meanwhile, employers and property managers keep looking for ways to incentivise employees to come to the office more frequently. Employees working hybrid schedules value the office particularly for well-equipped spaces for focused work and for fostering collaboration and relationship building, reveals the report from Cushman & Wakefield. At the same time, 47% of respondents are against being mandated to work a fixed number of in-office days.

S Immo has signed a contract to sell Zagrebtower to the OTP Group. The office building comprises a total net area of almost 26,000 sqm and has a BREEAM International In-Use Excellent certificate. The transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals.

Futureal Investment Partners, a member of Futureal Group, and 1 Asset Management, an investment management company, backed by real estate development company Hanner, have announced the successful transaction involving the division and sale of two buildings within Lipowy Office Park located at Żwirki I Wigury St. in Warsaw, Poland. The price has not been revealed.

The details of development financing of the new office complex by Corwin in Ljubljana have been revealed. The developer has succeeded in securing a €75.6 million loan for Vilharia, arranged by Erste Group, with Banka Sparkasse d. d., Slovenia and EXIMBANKA SR as participating lenders.

UAE-based property developer Eagle Hills plans to build a completely new city centre in Budapest. Plans contain several highrise offices, residential and retail units, including the tallest tower in Europe.

Flex office services provider IWG continues to grow its presence in Hungary, reaching a total of 25 locations by the end of 2024, including 18 overall in the capital.

Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been sold to an Austrian real estate investor. This sale follows several others executed by CPI Property Group, Immofinanz' majority owner, in a bid to raise cash for repaying debts.

Prague is the second most active European market for flexible offices after London. Metropolises such as Warsaw, Amsterdam and Madrid follow at a distance, CBRE reports.