The first half of 2024 on the Warsaw office market marked an evolutionary change on both the demand and supply side. Development activity is slowly returning to pre-pandemic levels, with 280,000 sqm under construction at the end of June. On the demand side, we are observing a continuation of the renegotiation trend. The total take-up was 320,000 sqm, a comparable result to H1 2023, according to Axi Immo's latest report. 

CBRE Romania has purchased the franchise for a job fair that will be launched for the first time in Bucharest under the “night of companies” concept. 

The Realism development group has introduced the concept of so-called unlimited vacation and encourages all members of its team to use as many days off as possible. At the same time, it has adopted a new method of corporate education.

Romanian developer One United Properties has announced that construction has kicked off at Mondrian Hotel in Bucharest, with completion expected in 2026. 

Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.

The first half of 2024 has seen CEE investment volumes increase by ca. 29% YoY. According to preliminary results, this is contrary to European and Global results, where activity is still subdued. Given the current conditions, Colliers expect 2024 volumes could reach up to ca. €5.5 billion, around half of the 10-year average, as it has revealed in its latest “H1 2024 Investment Scene” report.

Fio investiční společnost (Fio investment company) has announced the second acquisition to its Fio realitní fond (Fio real estate fund). The fund has bought the industrial park GARBE Park Chomutov from its developer Garbe.

The 13th edition of the JLL Charity Beach Volleyball Tournament - starts today. 64 teams will play at the Monta Beach Volley Club in Warsaw to raise funds for charity. The entire amount raised during the event will, for the second time, be used to support the construction of the Ronald McDonald House at the "Pomnik - Centrum Zdrowia Dziecka" Institute. Property Forum is a Media Partner of the event. 

Skyliner II is the second phase of the Warsaw high-rise complex owned by the Karimpol Group. The project will deliver approximately 24,000 sqm of leasable office space. It has been rated Outstanding under BREEAM New Construction with a score of 91.9 percent.

CTP has started construction of a new 11,200 sqm manufacturing facility at its CTPark Zabrze complex in Poland. Construction is expected to complete by the end of November 2024.