ARTICLES LABELLED WITH TAG office

A location between two metro stations - Rondo ONZ and Rondo Daszyńskiego, characteristic Xs in the architecture of the ground floor. These are just some of the distinguishing features of the new Skanska project in Warsaw. Studio, the newest Skanska office complex, the construction of which starts on Prosta Street, will provide a total lease area of approx. 43,000 sqm GLA. This is yet another project of the Swedish developer in the business district in Warsaw.

Real estate developer Speedwell says it has refinanced a loan granted by BRD Société Générale after the completion of Cluj-based Record Park Offices. 

Total take-up on the Bratislava office market reached 37,000 sqm which represents a year-on-year increase of 19.5%. As the pandemic slowed down, retail leasing activity also returned and with it the surge in footfall and turnovers. Total quarterly industrial/logistics take-up recorded a strong 22% year-on-year growth, reaching 146,300 sqm. Cushman & Wakefield published its Q2 2021 industrial, office and retail market reports focused on the Slovak market.

Malthouse Offices, the biggest office building of the Warsaw Brewery complex, as well as the historic Malthouse were acquired by Deka Immobilien, an international investment and asset manager. The buildings were sold for approximately €152.3 million.

JLL was appointed an exclusive leasing agent for the Focus office building in Warsaw.

What will offices look like once the pandemic is over? Five quarters of a health crisis later and there is still no clear answer for Warsaw’s office market. Prudent decision-making and waiting to see what happens as observed for the last few quarters on the one hand, with evident landlord flexibility, great expectations as to the vaccination rate in the capital, unfreezing of decision-making processes regarding office leases and the decidedly growing need and desire to return to office working on the other hand. Analysts at BNP Paribas Real Estate discuss the key trends prevailing on the capital’s office market to summarize the second quarter of the year.

Investments in Romania’s commercial real estate sector amounted to €303.6 million in the first half of the year, which was a drop of 21% compared to the same period of 2020, according to CBRE Research data. 

Slovak developer Immocap has secured €44 million of construction financing and €50 million of investment financing by UniCredit Bank for The Mill office project in Bratislava’s Mlynské Nivy. The completion of the project is expected in 2023.

The new office supply in Bucharest is set to exceed 200,000 sqm in the second half of this year, with almost two thirds of the offices scheduled for delivery by year’s end already pre-leased. 

Tenants on the office market are cautiously optimistic as demand for offices outside Warsaw grows. Advisory company JLL summarizes the situation on the Polish office market in H1 2021.