ARTICLES LABELLED WITH TAG office

French real estate group Catinvest has opened the first Class A office building in Craiova, Romania. The new offices of Electroputere Parc are part of the mixed-use building covering 12,300 sqm that has been completed this year and another similar building with 12,700 sqm is set to be completed in Q2 2021. The total investment cost amounts to €39 million.

Echo Investment has finished the construction of the second stage of the Face2Face Business Campus office complex in Katowice, Poland. Capgemini, as the first of the tenants, started working in the new office at Żelazna 2.

Final interior construction works are now being carried out in the high-rise, which opened at the beginning of November this year, with the general contractor handing over the common areas. At the same time, GGH is in talks to sell Mennica Legacy Tower.

Partners Group, the global private markets investment manager, has this quarter agreed to invest in two real estate portfolios in Europe on behalf of its clients, comprising eleven residential properties in Italy and eleven office assets in Poland. The properties have a gross asset value of €500 million and a combined leasable area of 170,000 sqm.

Top Polish developers believe that in 2021 the real estate market will normalize and the vaccine will help it shake off the pandemic effects. They discussed investment markets trends at the online edition of Property Investment Forum 2020, organised by Portfolio in partnership with Property Forum.

Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building in Bucharest’s Central Business District, starting with October. As a result, Cushman & Wakefield Echinox will be responsible for the management of daily administrative-operational activity within the project, through a team of specialists both on-site and at the headquarters, coordinated by Mihaela Petruescu, Partner Asset Services.

Cushman & Wakefield has entered into a partnership with Zeitgeist Asset Management and taken over property management of the investor’s Polish property portfolio.

The Q3 2020 property investment volume for Romania is estimated at €408 million, a value approximately 68% higher than the one registered in the same period in 2019. Although the road ahead is marked by uncertainty, considering the persistence of the COVID-19 pandemic and the restrictions associated with it, there is a consistent pipeline of deals which could be closed soon and throughout 2021. JLL has published its Bucharest City Report for Q3 2020. The report provides a detailed analysis of specific real estate markets in Bucharest: office, retail, industrial and residential.

The .big office building constructed by Budimex at ul. Zielińskiego 3 in Kraków for developer Ghelamco is to be managed by Colliers International.

Nokia has decided to extend its lease agreements with Globalworth for the office space it occupies in the West Gate and West Link office buildings in Wrocław, Poland. The contract, which covers an area of nearly 30,000 sqm, is the largest lease agreement signed in a Polish regional city market this year.