ARTICLES LABELLED WITH TAG office

News Passerinvest finishes first stage of brownfield development in Prague
19
Apr
2024

Passerinvest finishes first stage of brownfield development in Prague

by Property Forum
Passerinvest Group has opened the Roztyly Plaza office building, approved in March, to its tenants. It is located in Prague 11, next to the metro station Roztyly.
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News Crestyl includes hotel in mixed-use Brno development
18
Apr
2024

Crestyl includes hotel in mixed-use Brno development

by Property Forum
The Dornych project by Crestyl Group is to replace the old shopping centre in the neighbourhood of Brno's Central Station in the upcoming years. The developer has now announced a hotel as a part of this development. Its opening is planned for mid-2028.
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News Baltisse and Straco Real Estate buy controlling stake in Speedwell
15
Apr
2024

Baltisse and Straco Real Estate buy controlling stake in Speedwell

by Property Forum
Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania. This strategic move solidifies Baltisse and Straco's commitment to expanding their presence in Eastern Europe, leveraging SPEEDWELL's established reputation and expertise in the region.
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News Which CEE city has the lowest office fit-out costs?
11
Apr
2024

Which CEE city has the lowest office fit-out costs?

by Property Forum
Bucharest still has some of the lowest fit-out costs in the region for offices, despite an increase of around 15-20% during the past 12 months, according to Cushman & Wakefield Echinox data. Office fit-out costs in Bucharest have an average of €943 per sqm, which is 32% below Warsaw and Prague, and 32% above Sofia, which has the most advantageous costs in the region.
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News Futureal finishes Wratislavia Tower retrofitting
11
Apr
2024

Futureal finishes Wratislavia Tower retrofitting

by Property Forum
Futureal Investment Partners, a member of Futureal Group, has finalized the ESG repositioning of its Wratislavia Tower in Wrocław, Poland. During the process, the building also received a BREEAM Excellent in-use certificate. The retrofitting project followed Futureal's "Office Impact Strategy," whereby older office buildings are being redeveloped to meet modern ESG market standards.
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News One United Properties has its pipeline secured for 10 years down the road
11
Apr
2024

One United Properties has its pipeline secured for 10 years down the road

by Ákos Budai
Victor Căpitanu, Co-Founder and Co-CEO of One United Properties spoke with Property Forum at Mipim in Cannes about the company’s residential development pipeline valued north of €1 billion and Bucharest’s capacity to provide high yields for real estate investors.
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News Companies in Prague rather renegotiate than relocate
10
Apr
2024

Companies in Prague rather renegotiate than relocate

by Property Forum
Companies with expiring lease contracts are increasingly preferring renegotiation to move to new premises. One of the reasons is the high office fit-out costs, as the outcome of Cushman & Wakefield’s annual EMEA Fit Out Cost Guide is showing.
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News Landlords are under pressure from tenants and banks on ESG
10
Apr
2024

Landlords are under pressure from tenants and banks on ESG

by Ákos Budai
As development activity has slowed down, the focus is shifting to managing the existing stock across the whole commercial real estate market. Owners and other stakeholders have to adapt rapidly to serve changing demand from occupiers, said Benjamin Perez Ellischewitz MRICS, Principal at Avison Young in Hungary, while answering Property Forum’s questions at Mipim in Cannes.
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News Bucharest office leasing soars 71% in Q1 2024
09
Apr
2024

Bucharest office leasing soars 71% in Q1 2024

by Property Forum
Office leasing in Bucharest reached 97,400 sqm in Q1 2024, up 71% compared to the same period of last year, while take-up transactions that cover relocations and new demand were flat year-on-year at 33,000 sqm, according to a CBRE report.
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News Solida Capital acquires office building in Warsaw CBD
03
Apr
2024

Solida Capital acquires office building in Warsaw CBD

by Property Forum
Solida Capital Europe announced the acquisition of the Grójecka 5 office building in the centre of Warsaw, spanning approximately 11,500 gross leasable area. The price has not been disclosed.
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Latest news


New leases

  • The Mobile Vet and Mobile Pet chain has leased space in Bucharest-based One Cotroceni Park for the opening of a new veterinary clinic and pharmacy in which it has invested around €500,000. The transaction was brokered by Cushman & Wakefield Echinox.
  • The Skechers chain has opened a new store in Manufaktura in Łódź. It has the size of 150 sqm.
  • IT company Tata Consultancy Services, has moved into the Wola Center building in Warsaw. The company occupies 3,600 sqm there. At the same time, the owner of the complex, Hines European Value Fund, extended its contract with FaktorOne (470 sqm).

New appointments

  • Carrefour has announced changes to the management of its branch in Poland. As of 1st of June, the position of Commercial and Supply Chain Director of Carrefour Poland was taken over by Eric Yung. Tomasz Waligórski was appointed Chief Operating Officer.
  • At Nhood Services Poland, Agnieszka Gutowska was appointed Head of Brand Marketing & Communication. She will responsible for shaping the brand image in Poland, taking into account the competences of the three business lines Property & Asset Services (PAS), Development (DEV) and Resources, Fund & Investment (RFI).
  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.

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