ARTICLES LABELLED WITH TAG office

Affan Yildirim, General Manager, Board Member of Anchor Grup and Board Member of Shopping MallDova, spoke with Property Forum about the company’s experience on the local market for the last 25 years and the new investments planned in Bucharest in the next period, with the aim of transforming the local real estate industry.

Czech investment group Enern and Lincoln Property Company, an American company operating in the European market including Slovakia, have started construction of a new office project in Warsaw called The FORM. The project was purchased by the new owners in 2021 from Penta Real Estate. Its financing includes recently issued bonds worth €30 million with an annual coupon of six and a half percent, which are managed and secured by J&T Bank. The bonds are listed and traded on the Bratislava Stock Exchange, trend.sk reports.

District regenerations and mixed-use developments require a complex approach even from the most experienced developers. Property Forum asked David M Johnston, Senior Director and Head of Advisory and Transaction Services at CBRE Hungary about the risks of such projects and he also shared some best practices from across the CEE region.

Exyte Technology will lease 12,600 sqm at VGP Park Ústí nad Labem City as a new tenant. There will be 3 halls in total within the VGP Park, one will be finished this year, and the other two are being prepared.

The Warsaw office market is seeing signs of upcoming renewed development activity, says Savills. Three new office buildings were delivered in the first half of 2023, but a significant increase in new supply is not expected until 2025.

The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing office market in eight major regional markets in Poland (Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, Szczecin) for Q2 2023. The data is sourced from advisory companies from the commercial real estate sector (Axi Immo, BNP Paribas Real Estate, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on existing modern office stock, new completions, take-up volumes and vacancy rates.

Desk sharing is beginning to take root in Czech offices. Not only does it make office space usage more efficient, but it also offers employees greater comfort. In fact, companies usually invest up to half as much in standard, individual workstations as they would in traditional office layouts, reports Colliers.

CBRE SEE’s Capital Markets team has acted as a sell-side advisor to Zetland Capital in the disposal of the 11,800 sqm Situla Business Center office complex in Ljubljana, the advisory firm announced on LinkedIn. The buyer’s name and the purchase price have not been disclosed.

Alina Necula, Country Manager for Romania at Lion’s Head, spoke with Property Forum about the company’s plans to expand in the industrial and logistics sector and its strategy to boost its Bucharest- based portfolio. She also mentioned some of the trends that are shaping the workplace environment. 

The vacancy rate has climbed again in the second quarter on Budapest's struggling office market, reaching 12.6% after 12.2% in the previous quarter. Total demand reached 119,890 sqm in Q2 2023, which is 56% higher than the value registered in the previous quarter, the Budapest Research Forum reports.