ARTICLES LABELLED WITH TAG office

On 1 October this year, Avison Young welcomed a team of market experts and launched a new Office Agency service in Poland. Marta Sypiańska, Robert Pastuszka, Maksymilian Sobczak and Przemysław Urbański joined the team.

The volume of investments in commercial real estate reached a total value of €368 million in the Czech real estate market in Q3 2022. Most of the investment transactions were mainly in the office and retail segments. Czech investors were the most active investors in this period. Demand for prime real estate is still stronger than what is on offer on the market, Knight Frank said in its report.

Investment transactions in Romania’s commercial property sector amounted to €656 million in the first three quarters of 2022, which was up 16.5% compared to the same period of last year, with offices driving deal volumes, according to real estate consultancy JLL Romania. 

The second phase of the almost completely contactless Corvin Innovation Campus office building developed by Hungarian firm Futureal has reached its highest point. This part provides 14,310 sqm of office space, and it has been developed according to the energy-cost-sensitive tenants’ needs. 

Will the non-functioning office buildings and shopping centers be taken over by residential buildings? Arguments for and against this measure are listed by Piotr Łopusiński, Associate Director, Investment at Avison Young Poland.

Iulius Town Timișoara has reached 80,000 sqm of premium office space accommodating 40-plus companies from three continents upon opening United Business Center 0, the fourth office building in the complex. 

Two years after the start of construction, Skanska has completed works on the P180 office building, located at the Wilanowska metro station. The building received an occupancy permit, which means that the Warsaw office market has gained an additional 32,000 sqm of office space. IT specialists from the international Netcompany moved into the newly commissioned office building, which offers the tenant 6,000 sqm of space.

All three phases of the Budapest ONE office complex have been given an official permit, Hungarian developer Futureal informed.  

Immofinanz has signed a letter of intent for the sale of its Hungarian office properties to S Immo. This transaction is taking place through close cooperation within the CPI Property Group to realise synergy effects and can be used to extend Immofinanz’s myhive office solutions to the entire group. The Hungarian portfolio includes six buildings in Budapest with roughly 124,000 sqm of rentable space. The closing of the transaction could take place before the end of 2022.

The sale of office buildings, the increase in the assets’ value and the preparatory works for the next "destination" projects are the highlights of the financial results of Echo Investment for H1 2022.