Ghelamco has announced closing the deal concerning the sale of a high-rise building at Rondo Daszyńskiego, which houses hotels of the Crowne Plaza and Holiday Express Inn chains. The buyer is the French fund Corum XL. This is the third and final building sold from Ghelamco’s portfolio in The Warsaw HUB. The price has not been disclosed.

Average office occupancy rates across eight major European markets have risen in the last six months from 55% to 57%, says Savills, however on Tuesdays and Wednesdays, the average is 64% and 62% respectively, closer to the pre-pandemic rate of circa. 70%.

Karimpol Polska has chosen Warbud S.A. as the general contractor for its investment. One of Poland‘s largest construction companies will deliver the Skyliner II project. Construction of the second phase of the office complex at Daszyńskiego Roundabout in Warsaw will start in February 2024 and will take 34 months. The 28-storey Skyliner II will be 130 metres high.

Českomoravská nemovitostní has acquired a quarter stake in the Churchill Square office complex in Prague near the main railway station for CZK 1 billion (€41 million). It has thus become the majority owner of the complex. The seller was a holding from Lebanon, reports the daily e15.cz.

The Hungarian property scene is welcoming a new development company brought to life by three experienced real estate market players - Mihály Schrancz, Tamás Ádány and Zsolt Gyöngyösi. Realis Development is part of Realis Group, a holding company active since 2013.

The EHQ multifunctional complex on Bottova Street in Bratislava by local developer Immocap, consisting of an office and a residential part, was submitted for an environmental impact assessment (EIA), YIMBA.sk reports.

Savills has been appointed as property manager for the Lakeside office complex, developed by Atenor in Warsaw’s Mokotów district.

It is anticipated that the market will experience the transition from being perceived as a problem to an opportunity for many investors and funds in 2024. CBRE summarised this year's developments in the Czech commercial real estate market and provided an outlook for 2024. 

Logistics developer CTP has built a new coworking centre named "Clubco' in the IQ Ostrava complex on Náměstí Republiky where the company Tietoevry was previously located. The premises are suitable for small and medium-sized companies, as well as corporations or freelancers. Up to 130 people can work together in 1,512 sqm of office space.

Penta Real Estate has begun construction works on a new office building in Bratislava‘s Chalupkova zone at the beginning of December, ASB reports.