ARTICLES LABELLED WITH TAG office

Around 130,000 sqm of new modern offices could be delivered this year, with a total of roughly 360,000 sqm possible for the 2022-2024 period, though the 2024 calendar could be postponed, according to real estate consultancy Colliers. 

Ana Nekhamkin, Vice President of Real Estate and Projects and Michał Kwinta, City Lead Poland at Mindspace talked to Property Forum about their second office in Warsaw, the development of the flex office sector and the potential effects of high inflation.

Mol Campus, Hungarian oil company Mol's new headquarters, located within the BudaPart mixed-use project and built by Market Építő Zrt., is the highest office building in the country reaching 143 meters and offering 86,000 sqm of office and retail space. 

Mihály Schrancz, the CEO of Hungarian real estate development company Property Market has stepped down. The move was unexpected and no new leader has been announced yet.

Globalworth has achieved the Access4you certification for its entire portfolio of almost half a million square meters consisting of 16 office buildings in Romania, becoming the first landlord to hold accessibility certification for wheelchair users, the elderly, people with limited mobility, and people with strollers. Colliers, the only Access4you partner for Romania, conducted the audits and completed the audit reports for Globalworth's entire building portfolio.

The existing two buildings of Centerpoint, owned by GTC and located in the heart of the largest office district in Budapest, are set to undergo a massive technical refurbishment which is to be completed next year. 

The first tenant has already moved into the downtown office building recently modernised by Defactoring Zrt. Located in District 9, the office building has been equipped with solar panels and smart devices.

Even though the increase in the amount of new office space in Prague in Q3 2022 was the lowest so far this year and no new construction even began, according to Colliers, there is no need to worry about a lack of offices. In the coming months, developers plan to start speculative construction of approximately 126,600 sqm in new space. Despite original assumptions, the office vacancy rate in Prague, unlike in neighbouring markets, is decreasing and has reached 8.1%. Gross realised demand for 137,700 sqm was the highest level so far in 2022, reported Colliers in their regular quarterly market survey.

CTP is constructing a brand-new office building in the premium office complex Vlněna, located on a former Brno brownfield site. It aspires to be the most modern building of this type in Central Europe. This 61-metre-high glass building will be located in the centre of the Moravian metropolis, will be completed by mid-2024 and will cost CZK 600 million (€24.65 million), the developer announced.

Marius Persenea, COO of Romanian developer Iulius, spoke with Property Forum about the macroeconomic picture of the country going into 2023 and the potential of regional cities to attract property investments on the medium and long term.