ARTICLES LABELLED WITH TAG office

As part of an office development project by Wing, the Ligeti Auditorium will undergo a complete renovation while preserving its historical heritage, according to the company's LinkedIn page.  

Romanian developer One United Properties has recorded a turnover of €‎184.2 million in the first nine months of this year, up 43% compared to the same period of last year, while the gross profit doubled to €‎97.2 million due to higher residential sales. 

Colliers has taken over the management of the Tensor office complex in Gdynia, owned by the joint venture of Czech open-ended real estate fund Investika realitní fond and Luxembourg private equity investor Bud Holdings. Experts from the company's regional office will additionally be responsible for supporting the owner in the property’s commercialisation.

The first phase of Budapest ONE, developed by Futureal, has received a WELL Platinum certification. The office building was the first in Hungary to meet the highest requirements of the International Well Building Institute (IWBI).

Prime headline rents in Bucharest continued to increase in the third quarter, reaching a monthly level of €19.5 per sqm, compared with €18.5 per sqm at the beginning of the year. However, the capital city remains among the less expensive destinations in Europe in terms of office occupancy costs. 

The sale comprises eight properties totalling around 109,000 sqm of lettable space with an annual rental income of approximately €16 million, plus one plot of land. 

White Star Real Estate has sold the 17,000 sqm Krisztina Plaza office building in Central Buda. The name of the buyer was not disclosed.

According to a report published by Newmark Polska, the vacancy rate held firm in Poland’s regional city office markets throughout the third quarter of this year along with moderate occupier and developer activity. The need to look for savings due to high inflation and rising service charges is set to be a major challenge facing the office market in the coming quarters.

CEE-based flex office operator New Work continues to expand in its key markets. In Budapest, the company opened the second phase of its business centre in the Science Park office building in South Buda, adding 2,000 sqm of high-quality flex office space to the local market. In Warsaw, New Work opened a brand location, offering 1,135 sqm, in the Tulipan House office building in the city’s Służewiec district.

In Q3 2022, some companies in the Prague office market experienced problems with convincing employees to return to the offices. Therefore, the experts are expecting that the companies will reduce their existing leased space after their leases come to an end. Despite this expectation, 18,200 sqm of modern office space was completed and the premium rents grew and there was a decline in the vacancy rate, says a new Knight Frank report.