ARTICLES LABELLED WITH TAG office

The Romanian property market remains attractive for investments, with 65% of investors surveyed by Cushman & Wakefield Echinox saying they are looking to expand their presence in the local market.

CBRE South Eastern Europe (SEE) has advised Diófa Fund Management on acquiring Indotek’s Belgrade office portfolio. 

Yareal Polska has announced the successful closing of a €45 million investment loan, with a term of 5 years, from pbb Deutsche Pfandbriefbank (pbb).

Local developer Chain Bridge Venture Kft. (CBV) has launched a new development project aiming to build a state-of-the-art multifunctional centre not far from the Puskás Ferenc Stadium and Papp László sports arena. The handover is expected in 2026.

Vilnius-based developer Releven has announced the receipt of a construction permit for the Horizontai project on the right bank of the River Neris at 59 Lvivo Street. With an estimated cost of €220 million, the Horizontai project aims to shape the landscape of the Central Business District (CBD) in Vilnius.

State-owned Polski Holding Nieruchomości (PHN) is starting construction of the Vena office building in Warsaw's Wola district. Construction work will take two years and the estimated investment cost is around PLN 200 million.

Indotek is transferring the management of the Gordius Private Equity Fund to fellow Hungarian investor Diófa Fund Management, which will also take over the Belgrade office portfolio held by Indotek, Portfolio.hu reports. Indotek Group said it will use the funds released by the portfolio restructuring to finance domestic and international acquisitions. The company also announced that it had acquired a significant part of the Vörösmarty shopping complex in Budapest at the end of the year.

Axi Immo has presented six key trends on the Polish office market with a presentation of estimates for the sector at the end of 2023.

Savills has been appointed as property manager for Mogilska 35 Office in Kraków. The six-floor office building is one of the latest office projects delivered in southern Poland by Warimpex.

2023 was marked in Poland by a shrinking office development pipeline amid a continued focus on the optimisation of office footprints and overall office running costs. It was also another year in which both tenants and developers faced relatively high office fit-out costs. In addition, high borrowing costs were a drag on expansion, with caution being a key theme characterising the Polish office market, says Newmark.