A large share of real estate professionals globally no longer view office space as being essential for a company to operate successfully. At the same time, increasing demand for flexible workplaces is evident and office space is being repurposed for other uses more and more frequently, according to the RICS Global Commercial Property Monitor for Q4 2021.

Based on independent external appraisals, CA Immo expects a positive net property revaluation result of around €355 million (around €3.52 per share) for the fourth quarter of 2021. Overall, a highly positive net property revaluation result of approximately €540 million (around €5.36 per share) is expected for the business year 2021, which will significantly exceed the reference value of the previous year of €184 million. The result reflects the still attractive market environment FOR Class A properties in Germany and especially in Munich and Berlin despite the Covid-19 pandemic.

Slovak real estate developer Corwin announced that their Vilharia office project in Ljubljana has been awarded the LEED Platinum pre-certification. This means that the project fulfils the strictest energy efficiency, economy and user wellbeing criteria.

Lease transactions on Bratislava's office market reached approx. 98,000 sqm in Q4 2021, which represents a 124% increase in leasing activity compared to the previous quarter. The Bratislava Research Forum announced the office market figures for Q4 2021.

Enter City Office Park will appear on the hilly side of the Hungarian capital and is expected to be completed in 2023, Építészfórum reports.

While the future of the office industry was unpredictable in the early days of the pandemic, companies are doubling down on their investments in strategic office locations and preparing for a future in which hybrid work could become mainstream. Large employers still see the office as a central pillar of work arrangements and have made strategic acquisitions in the recent period.

S Immo Hungary decided to install more than 400 solar panels on top of the Blue Cube office building. The solar panels will cover 20-25% of the total energy consumption of the office building

Romanian developer One United Properties confirmed that it was looking to sell the main office building within the One North Gate project in northern Bucharest. 

Robert Snincak, Head of Investment Operations CEE and Krystian Pachowka, Head of Logistics Asset Management CEE at CBRE Investment Management talked to Property Forum about the current investment trends in CEE countries, the rise of the warehouse and PRS markets in Poland and the recent changes in financing conditions.

The pandemic has radically changed the way we relate to workspaces, so the way they are designed and conceived must also adapt. Existing office design patterns must either be forgotten or rewritten as it has become clearer and clearer that the rules of the game have changed and fresh creative ideas are needed to overcome challenges in today’s office lives. Looking forward, 6 major trends are defining the offices of the future, according to Genesis Property’s expert, Dan Bondar.