ARTICLES LABELLED WITH TAG office

Yareal Polska has announced the successful closing of a €45 million investment loan, with a term of 5 years, from pbb Deutsche Pfandbriefbank. The company plans to use it, among others, to refinance the LIXA C office building and for new land acquisitions.

Atenor Group has announced the appointment of Norbert Schőmer as the new leader to guide the real estate developer in Hungary. Mr. Schőmer has held significant roles in prominent organizations in the real estate industry over the past decades.

How long will the cooling off in the investment market last? What are the main factors currently shaping demand? Which projects will banks lend money for today? In an interview with Property Forum, BNP Paribas Real Estate experts Małgorzata Fibakiewicz and Tomasz Arent summarised the current situation in the retail and warehouse sectors in Poland.

More and more companies are considering expanding into Czech regions, but a lack of suitable office space is preventing them from doing so. In regions outside of Prague or Brno, there is not only a shortage of modern space for rent, but also a lack of flex operators. Those types of businesses could benefit from the growing interest of international companies in the Hub & Spoke or Flex & Core model, reports Colliers. 

Facebook parent company Meta has paid £149 million to end a lease contract for the 1 Triton Square office building owned by British Land in London. The move shows that big tech companies are looking to lease less office space as employees adopt the hybrid work system, FT.com reports.

Mindspace unveiled the results of a recent survey of employees from industries worldwide regarding shifting sentiment towards the workplace. Their latest report reveals that 9 out of 10 employees consider wellbeing facilities and offerings to be critical when choosing a workplace, and 82% expect support from their employers in achieving a work-life balance.

TFG Asset Management, a company providing services to the owner of the building - GNT Ventures Gdańsk, has chosen Walter Herz as sole agent for the lease of space in CUBE Office Park complex, located at Pałubickiego Street in Gdańsk. The cooperation includes the commercialization of office buildings offering a total leasable area of over 19.7 thousand sqm.

Consolidation of the residential business, maintaining a high rental level in all completed Resi4Rent projects, starting new "destination" projects – this is a summary of the operational activities of Echo Investment Group in the first half of 2023. The Group's development plans are supported by a high cash balance of over PLN 662 million. 

Romanian developer Forte Partners has delivered the second phase of its U•Center 2 office project in Bucharest. The building has a leasable area of 35,000 sqm and 28,000 sqm have already been occupied by office and retail tenants.

There are currently more than 56,000 sqm of office space in Prague available for immediate occupation. These are mainly office spaces that have been vacated by their previous tenants due to relocation to new premises or downsizing because of the transition to a hybrid office model. Companies that want to get up and running quickly in their new offices and make substantial savings on the capital costs required for fit-out have plenty to choose from. This secondary supply is a good complement to the shortage of available office space in new buildings that Prague is currently facing, according to the Cushman & Wakefield report.