The transformation of the so-called Pentagon in Palmovka district in Prague 8 has moved closer to reality. The Prague city deputies have approved a change to the city master plan this week, enabling the coordinated urban development of this area.

Ema Iftimie, Managing Director at Globalworth Romania, spoke with Property Forum about the group’s office pipeline in Romania and the plans for the existing commercial portfolio that has been completed following an investment of more than €900 million.

Karimpol Polska is expanding its cooperation with CBRE. Starting in June 2024, CBRE’s Polish branch will be acting as the exclusive letting agent of Skyliner II office project.

Sofiab-based IT coworking operator Puzl CowOrKing will open a new location in Budapest as part of its CEE expansion strategy. 

The reconstruction project of the Bajkal mixed-use building on Bajkalská Street in Bratislava has been given the green light for further development. The city has issued its approving binding opinion, the first step in the permitting process, reports SME.sk.

Yitzhak Hagag, Co-Founder and Shareholder, Hagag Development Europe, spoke with Property Forum about the increasing demand for the company’s boutique office buildings in central Bucharest and the strong sales book for its residential developments in the city. The company has a development budget totalling €195 million.

Natek Poland, a provider of IT and outsourcing services, has opened a new office in the Infinity office building, located at 16 Legnicka Street in Wrocław. 

Cushman & Wakefield has been appointed as property manager for the VIG Fund’s three office buildings in Warsaw: Libra Business Center B, Life Building, and Jasna 26. The award of the mandate will see Cushman & Wakefield manage its entire Polish real estate portfolio of more than 47,000 sqm. 

The services, green spaces, and recreational areas in the Bucharest-based Equilibrium 1 office project are valued by more than 90% of employees working in the building developed by Skanska in northern Bucharest, according to a company survey.

Romanian developer Genesis Property says it is supplying all its office and student accommodation projects in Bucharest from renewable sources, following an investment in a photovoltaic system.