ARTICLES IN Office  TOPIC

News New Work expands operations in Budapest and Warsaw
08
Nov
2022

New Work expands operations in Budapest and Warsaw

by Property Forum
CEE-based flex office operator New Work continues to expand in its key markets. In Budapest, the company opened the second phase of its business centre in the Science Park office building in South Buda, adding 2,000 sqm of high-quality flex office space to the local market. In Warsaw, New Work opened a brand location, offering 1,135 sqm, in the Tulipan House office building in the city’s Służewiec district.
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News Prague offices wait for employees to return
08
Nov
2022

Prague offices wait for employees to return

by Property Forum
In Q3 2022, some companies in the Prague office market experienced problems with convincing employees to return to the offices. Therefore, the experts are expecting that the companies will reduce their existing leased space after their leases come to an end. Despite this expectation, 18,200 sqm of modern office space was completed and the premium rents grew and there was a decline in the vacancy rate, says a new Knight Frank report.
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News Polish office market to face significant changes
07
Nov
2022

Polish office market to face significant changes

by Property Forum
The third quarter of 2022 completes the dynamic new supply period observed in the Polish office market in recent years. Between January and September 2022, developers delivered 39 new investments, which increased the sector’s total stock by 560,100 sqm to over 12.7 million sqm. The period under review also registered intense activity on the demand side. At the end of Q3 2022, more than one million sqm was leased across Poland. However, the office market, like other sectors of the commercial real estate market, faces many challenges, including rising energy costs or the expected supply gap and rising rents. AXI IMMO presents data summarizing Q3 2022 in the Polish office market.
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News Construction activity hits record low in Warsaw’s office market
04
Nov
2022

Construction activity hits record low in Warsaw’s office market

by Property Forum
Q3 2022 in the Warsaw office market saw record-low developer activity. At the end of September, only 160,000 sqm of space was under construction. As a result, new supply is expected to drop significantly in 2023, with only 60,000 sqm of office space coming to the market, JLL reports.
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News Bucharest office leasing at 75,700 sqm in Q3 2022
03
Nov
2022

Bucharest office leasing at 75,700 sqm in Q3 2022

by Property Forum
Office leasing across the country totaled 108,747 sqm in Q3, up 9% compared to the same period of last year, with Bucharest, Iași and Cluj-Napoca recording the biggest volume of transactions, according to real estate consultancy Fortim Trusted Advisors. 
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News Prague office market grows by 21% in 9 months
03
Nov
2022

Prague office market grows by 21% in 9 months

by Property Forum
The Prague office real estate market reached several records in the first nine months of 2022. It marked year-on-year records in the growth of new office space, record demand from tenants, and even much more office space was leased this year than a year earlier, according to JLL's regular quarterly analysis.     
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News Demand remains strong in Warsaw's undersupplied office market
02
Nov
2022

Demand remains strong in Warsaw's undersupplied office market

by Property Forum
According to Savills, development activity has cooled dramatically in the Warsaw office market. There is currently close to 230,000 sqm under construction, of which just over 115,000 sqm is scheduled for completion in 2023–2024.
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News CA Immo secures leases for 10,000 sqm at Warsaw Spire C
02
Nov
2022

CA Immo secures leases for 10,000 sqm at Warsaw Spire C

by Property Forum
Since the beginning of the year, five companies have decided to lease a total of 10,000 sqm of office space in Warsaw Spire C, which is almost half of the building. The majority of contracts are renewals of existing leases, two contracts were concluded as green leases. The occupancy rate in Warsaw Spire C is currently over 96%.
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News Pavăl Holding buys office project in Bucharest
01
Nov
2022

Pavăl Holding buys office project in Bucharest

by Property Forum
Pavăl Holding, the investment vehicle of the Pavăl family, has purchased first phase of the U•Center office project in the Tineretului area of Bucharest from Romanian developer Forte Partners for an undisclosed sum. 
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News Penta secures large lease for Prague office project
31
Oct
2022

Penta secures large lease for Prague office project

by Property Forum
Penta Real Estate secured one of the largest office contracts in the Czech Republic in Q3 2022. Fio banka's headquarters will move to the Masaryčka office complex, designed by London-based architectural studio Zaha Hadid, in spring 2024, Seznamzprávy.cz reports.
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Latest news


New leases

  • Australian technology company Atlassian has relocated to the Officyna office building in Gdańsk, Poland. The office of more than 1,600 sqm is located in Building B of the complex.
  • The Riviera Centrum in Gdynia has enriched its offer with new flagship stores of Adidas and 4F brands. The 4F store took up a 600 sqm space. The new Adidas brand outlet moved into a 400 sqm unit.
  • Gemini Park Tarnów (southern Poland) is strengthening its offer with a new lifestyle clothing and footwear brand. The JD Sports store, with an area of over 400 sqm, will open to customers later this spring.

New appointments

  • Paweł Dobrowolski takes over as head of the office department at CBRE Poland, replacing Łukasz Kałędkiewicz. Alexander Hofmann becomes the new head of the Warsaw office tenant representation team.
  • Cushman & Wakefield has expanded its valuation team with the appointment of Marcin Malmon as Head of Valuation & Advisory and Monika Leszczyk, Deputy Head of Valuation & Advisory, as Head of Business Development.
  • The Valuation Department at consultancy Savills has strengthened its team. The new members are Karolina Sabatowska-Gomułka as Associate Director and Magdalena Ziółkowska as Consultant.

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