ARTICLES LABELLED WITH TAG office

CA Immo has signed a sales and purchase agreement to acquire the Millennium Towers Class A office complex comprising of 70,400 sqm GLA in Budapest, Hungary. The transaction volume of the fully rented asset amounts to €175 million, the annual rental income reaches €12 million. 

According to the latest report by Colliers International, during the first half of 2016, some 12,000 square metres of modern office space were completed in Prague. An additional 20,300 square metres is expected to follow during the second half, which will lead to 2016 being the “leanest” year in terms of development completions since 1992, with a total of only 32,300 square metres of completed offices.

At the end of H1 2016, Poland’s office stock totalled 8.7 million sqm. Warsaw remains the largest office market with Kraków, Wrocław and Tricity becoming major regional office hubs. Nearly 572,000 sqm of modern office space was delivered onto the Polish market in H1 2016, setting a new semi-annual record. Cushman & Wakefield its newest report, Property Times: Office Market In A Growth Phase.

International real estate developer HB Reavis has signed a preliminary sale agreement to sell two of its buildings, situated in Warsaw, to Savills Investment Management on behalf of a Global Pension Fund client. In one of the largest transactions of the year in Poland and also in Central and Eastern Europe amounting to €186 million, Savills Investment Management has acquired buildings A and B of the Gdanski Business Center in Warsaw, totalling 48,000 sqm.

The Dominikański office building, developed in Wrocław by Skanska Property Poland, has been recognized with LEED certification's highest level - Platinum. This is the second office complex in Lower Silesia's capital to “go platinum” in compliance with the most demanding office certification system in Poland. The first complex - Green Towers – was also developed by Skanska. The certification process for Dominikański was supported by Go4Energy. The building is owned by a fund managed by Union Investment Real Estate GmbH based in Hamburg.

Nokia Networks has leased an office area of over 7,000 sqm in the West Link building, which is being developed by Echo Investment on Na Ostatnim Groszu Street in Wrocław. OmniOffice has joined the group of tenants of the Q22 office building in Warsaw by leasing an area of over 2,000 sqm on the second floor.

HB Reavis has successfully leased 5,000 sqm of office space to five different companies at Gdanski Business Center and Postepu 14 located in the city fringe of Warsaw. Groupe SEB Polska and Joseph’s Bistro & Wine restaurant are new clients, whereas KPMG, WebInterpret and Fab Tax & Accountancy by Bilans SA extended their existing leasing agreements.

Skanska has laid the cornerstone under its fifth office development in Wrocław, Green2Day. The 17,000 sqm building is scheduled for completion in Q3 2017.

JLL has been selected as property manager for the Wołoska 24 office building in Warsaw. The firm’s responsibilities include maintaining the best relations with tenants and the complex operational, technical and financial management of the property. Ghelamco is the project’s investor and developer.

Building F, the sixth Class A office building of Krakow’s Bonarka for Business (B4B) complex has opened today. TriGranit, the developer plans to deliver three more office buildings in the near future due to the increasing demand for office space in the region.