ARTICLES LABELLED WITH TAG office

Penta Real Estate’s Sky Park Tower in Bratislava, a high-rise office building designed by Zaha Hadid Architects, has a building permit issued and is currently awaiting its legal force.

Fears that offices will no longer be needed in the wake of the COVID-19 outbreak are overblown, and investors should keep an eye out for pricing opportunities, according to Savills Investment Management.

Iulius Company is starting the construction works for Palas Campus in Iași, an investment upwards of €120 million. This will be one of the largest office buildings in Romania in terms of its total area, adding up to more than 60,000 sqm leasable space and it will consolidate the city centre as a destination that supports the evolution of local entrepreneurship and creative industries.

The implementation of the office projects under construction is in full swing in Kraków. The construction of new buildings will depend, however, on the demand for offices from the business services sector, which is its main recipient on the Kraków market, according to consultancy company Walter Herz.

Globalworth's portfolio in Romania has been consolidated by the prolongation and extension of the lease contracts for a period of 3 - 11 years with key partners such as Adecco, Cegedim, Clinicile și Laboratoarele Sfânta Maria, Mazars and a major bank.

NEPI Rockcastle and AFI Europe initiated arbitration proceedings in connection with the disputed matter of the sellers requesting the purchaser to pay the €15 million contractual guarantee and the purchaser contesting the validity of the sellers’ claim and requesting specific performance of the disposal, NEPI Rockcastle announced.

Starting July 2020, Rondo Business Park, an office complex located in Kraków, will be managed by Globalworth. A percentage of over 80% of the company's Polish portfolio is represented by in-house managed assets. 

Pandemic-related economic and social restrictions have given rise to multiple questions on the office market. Will the demand for office space remain unabated? Will office projects underway be delivered on time? Cresa has reviewed pre-let levels and the progress of office projects currently under construction in Warsaw.

Romanian DIY store operator Dedeman has acquired the third building of 80,000 sqm The Bridge office complex, developed by Forte Partners in Bucharest, thus completing a €200 million transaction started in 2018.

Hungarian development and construction company Market Építő Zrt. has completed its new headquarters in Budapest. The 5,500 sqm four-story office building was designed and built by Market and its subsidiaries. The office building, named Market 6.0, refers to the group's sixth headquarters and is located in Budapest’s Óbuda district, in the immediate vicinity of the previous headquarters.