ARTICLES LABELLED WITH TAG office

JLL will be responsible for searching future tenants for commercial premises inside two of Yareal’s largest projects in Warsaw’s Wola and Kamionek districts.

Just two months after it sold the Máriássy 5 office building, Budapest-based Adventum has concluded another successful deal as its Adventum TRIUM Property Fund sold Budaörs Office Park from its portfolio.

Real estate advisory firm Savills has been appointed as the exclusive leasing adviser for Marynarska Point I in Warsaw’s Mokotów district.

CA Immo has successfully signed and closed the sale of Wspolna 47-49 in Warsaw. The property totals 7,696 sqm of GLA and 137 parking units. The sale has closed at a premium to the 31 December 2020 book value. The property was acquired by Yareal Polska.

Yovav Carmi, President of Management Board and Ariel Ferstman, CFO of GTC have talked to Property Forum about the latest financial results of the company, coping with the effects of the pandemic in the commercial real estate sector and the new directions of company activities.

Analysis of 44 key office markets in EMEA showed a 155,000 sqm increase in the total amount of flex workspace, according to Colliers. This increase equates to 25,000 extra desks. Contributing to this increase was the addition of 285,000 sqm of newly opened space, but this was offset by 130,000 sqm of space that closed and a further 23,000 sqm that was abandoned. However, nearly a third of the space that closed was due to WeWork streamlining its business in key European locations such as Barcelona, Copenhagen, London and Oslo.

Romanian law firm Stratulat Albulescu has closed a significant number of land deals and transactions involving various heritage properties this year. Silviu Stratulat, Managing Partner of Stratulat Albulescu talked to Property Forum about the attractive fiscal environment for property investments and the market segments that record the biggest development volumes at present.

According to Savills, preliminary data for European office markets for Q3 2021 shows take-up had increased 15% year-on-year, although still below the five-year average. Positive office market data is also provided by Google’s mobility index, with Warsaw leading the way among surveyed European capital cities.

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Wing has sold buildings B, C and I in the Infopark office park in Budapest. The properties were sold through the Gladiator V Real Estate Investment Fund, the buyer being SkyGreen Buildings Ltd. Wing intends to use the proceeds from the sale for the purposes set out in its business plan, namely to strengthen its position in the region.