ARTICLES LABELLED WITH TAG office

Property group Immofinanz, controlled by CPI Property Group (CPIPG), is reportedly negotiating the sale of its Băneasa Airport Tower office building in northern Bucharest.

Over the last few quarters, a new office space supply gap in Warsaw, caused by record low levels of space under construction and predominantly forecast for 2023, has been widely discussed. This appears to also be the case with Poland's largest regional markets albeit slightly lagging behind Warsaw, says JLL. 

Nooka Space, a start-up that operates smart flex offices, has announced a partnership with NEPI Rockcastle for the implementation of flexible workspaces on the premises of the group’s retail portfolio in Romania. 

Service providers, including international property agencies, are bound to adjust their services to the rapidly changing demand from occupiers, developers and investors. Property Forum asked Kata Mazsaroff, the recently appointed Managing Director of Colliers Hungary to unveil her expectations about the commercial real estate market in the region and in Hungary in particular.

Residential and commercial developer Nusco Imobiliara has appointed Bogdan Iliescu as Commercial Director. He has over 15 years’ worth of experience in the real estate market and has previously covered sales, coordination, and management roles in property companies. 

High inflation is one of the factors that will have a huge impact on budgeting related to leasing office space by tenants in the near future, says Avison Young Poland.

Flexible workspace operators and investments in amenities are boosting the efforts of companies and developers to accelerate the return of employees to office buildings, although hybrid work arrangements remain in high demand, concluded speakers in the post-pandemic office panel of SEE Property Forum 2022, held in Bucharest.

Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector, according to real estate consultancy Cushman & Wakefield Echinox. 

As part of an office development project by Wing, the Ligeti Auditorium will undergo a complete renovation while preserving its historical heritage, according to the company's LinkedIn page.  

Romanian developer One United Properties has recorded a turnover of €‎184.2 million in the first nine months of this year, up 43% compared to the same period of last year, while the gross profit doubled to €‎97.2 million due to higher residential sales.