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.

New office deliveries in regional cities totaled 83,000 sqm in 2023 and the total leasable area has climbed close to 1.1 million sqm, according to a Cushman & Wakefield report. Offices in regional cities of the likes of Cluj-Napoca, Timișoara and Brașov represent around 30% of the corresponding total in Bucharest.

Office leasing in regional cities reached 37,441 sqm during 2023, equivalent to 18% of the space leased on the Bucharest market in the same period, according to a Fortim Trusted Advisors report.

Lidl has chosen Apollo Nivy in Bratislava as the location of its head office in Slovakia. The relocation of more than 500 employees of the discount headquarters is planned for December of this year.

Park Avenue Tower in Tirana has become the first Albanian office project to secure BREEAM Design Stage certification with an Excellent rating, a level in alignment with European standards for commercial investments. The process of certification was conducted by experts from Colliers Poland with support from the Colliers Albania team.

After four years of a pandemic-induced disruption it is now clear that although hybrid working is not the dominant pattern, it is here to stay. New research from Cushman & Wakefield has found that 27% of Polish people combine in-office attendance with home office, whereas that figure for cities with a population of over 500,000 stands at 36%. Meanwhile, employers and property managers keep looking for ways to incentivise employees to come to the office more frequently. Employees working hybrid schedules value the office particularly for well-equipped spaces for focused work and for fostering collaboration and relationship building, reveals the report from Cushman & Wakefield. At the same time, 47% of respondents are against being mandated to work a fixed number of in-office days.

CPI Romania has named Cushman & Wakefield Echinox as manager of Expo Business Park in Bucharest.

The details of development financing of the new office complex by Corwin in Ljubljana have been revealed. The developer has succeeded in securing a €75.6 million loan for Vilharia, arranged by Erste Group, with Banka Sparkasse d. d., Slovenia and EXIMBANKA SR as participating lenders.

UAE-based property developer Eagle Hills plans to build a completely new city centre in Budapest. Plans contain several highrise offices, residential and retail units, including the tallest tower in Europe.

Flex office services provider IWG continues to grow its presence in Hungary, reaching a total of 25 locations by the end of 2024, including 18 overall in the capital.