BULGARIA Sofia office tenants turn their eyes to the provinces

Property and Facility Management
In the first half of 2020, the supply of modern class A, B and C office space in Sofia increased by 1 pct, reaching 2,315,600 sqm, according to a market survey by Colliers International.
The recently completed building 3 of Garitage Park accounted for much of the growth in the office stock. The vacancy rate retained its level of 11 pct. However, a decrease in demand was registered, with the total take-up (all transactions) amounting to 56,500 sqm, 15 pct less than the first six months of 2019. The net absorption of class A, B and C offices in Sofia came to 23,100 sqm. Rent renewals made up the largest proportion all transactions (42 pct), followed by relocations (27 pct), pre-l
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Latest news

Residential

Poland Nova Wola Park receives occupancy permit

schedule 25 September 2026
Opr./edited by AH

The first stage of Nova Wola Park in Nowa Wola near Warsaw has received its occupancy permit. CK Development has started handing over apartments and keys to buyers, while sales of the second stage are underway.

Sponsored article

Poland The FORM builds on proven performance at Rondo Daszyńskiego

schedule 09 September 2026

With occupier demand increasingly focused on prime, well-located buildings, Warsaw’s office market is becoming more selective. Around Rondo Daszyńskiego, one of the city’s most established business locations, this trend is particularly visible. The FORM is among the office assets benefiting from this shift: since opening in early 2025, it has become fully leased, attracted a diversified mix of public- and private-sector occupiers, and demonstrated substantial day-to-day use. Its performance to date, combined with the continued evolution of the surrounding district, reinforces its position as a trophy office asset.

Retail & leisure

Poland Primark to open first store in Podlaskie

schedule 25 September 2026
Opr./edited by AH

Primark is preparing to open a store in G City Biała in Białystok. The nearly 3,500 sqm store will be the retailer’s first in the Podlaskie region.

Retail & leisure

Poland HDREY opens first Katowice store

schedule 25 September 2026
Opr./edited by AH

Polish cosmetics brand HDREY has opened its first store in Katowice, at Silesia City Center. It is also the brand’s first store in the Silesian region.

Residential

Czech Republic Sandberg Capital enters Prague residential market

schedule 25 September 2026
Opr./edited by AH

Slovak investment company Sandberg Capital is investing in the Rezidence Hausmannova residential project in Prague’s Modřany district. The developer has secured a building permit and plans to start construction and apartment sales in October.

Construction

Poland Mirbud wins PLN 168 mln contract for Warsaw sports hall

schedule 25 September 2026
Opr./edited by AH

Mirbud has signed a contract with Warsaw University of Technology to build a sports and events hall next to the Syrenka Stadium in Warsaw. The design-and-build contract is worth more than PLN 168 mln.

Investment & finance

Hungary Skanska to sell second stage of H2Offices in Budapest to ERSTE fund

schedule 25 September 2026
Opr./edited by AH

Skanska has agreed to sell the second stage of its H₂Offices complex in Budapest to the ERSTE Open-Ended Real Estate Investment Fund, represented by ERSTE Alapkezelő Zrt. It will be the fund’s sixth office acquisition from Skanska in Hungary.

Investment & finance

Poland AYA Properties Fund and Curtis Group acquire Chmielna 13A

schedule 25 September 2026
Opr./edited by AH

A joint venture between Belgian real estate investor AYA Properties Fund and Polish family-owned Curtis Group has acquired Chmielna 13A, a fully let mixed-use property in central Warsaw, from CPI Property Group. The deal marks AYA’s third Warsaw investment, following Metron in 2024 and Sienna Center in 2026.

Investment & finance

Poland Hillwood sells four logistics properties for EUR 150 mln

schedule 25 September 2026
Opr./edited by AH

Hillwood Polska has sold a portfolio of four logistics properties for EUR 150 mln. The portfolio comprises nearly 200,000 sqm of warehouse and office space across major logistics markets in Poland.

Residential

Poland Archicom signs PLN 87 mln contract for Poznań housing project

schedule 24 September 2026
Opr./edited by AH

Archicom has signed an agreement with Unibep for the construction of the first two buildings at its Kolektyw residential project in Poznań. The contract is worth around PLN 87 mln net and covers 278 apartments. Construction is scheduled to start in Q4 2026 and finish in Q2 2028.

ESG

World BRE launches BREEAM Refurbishment and Fit Out V7

schedule 24 September 2026
Opr./edited by AH

The Building Research Establishment (BRE) has launched the seventh version of its BREEAM Refurbishment and Fit Out Commercial standard (BREEAM RFO V7), updating the guidelines for refurbishment and fit-out works in existing commercial buildings. The new version places greater emphasis on reducing carbon emissions, improving energy efficiency, strengthening climate resilience and protecting the long-term value of property assets.

Office & mixed-use development

Poland Prime space comes harder to find

schedule 24 September 2026
Opr./edited by AH

Price is no longer the only issue in Warsaw office negotiations. Finding the right space is becoming a challenge in its own right, with vacancy in the city centre falling to 4.8 pct and to 3.6 pct around Rondo Daszyńskiego. With demand holding up and little new space coming onto the market, the best offices are being taken up quickly.

ESG

Poland Ocean Winds starts BC-Wind service base in Władysławowo

schedule 24 September 2026
Opr./edited by AH

Ocean Winds has started construction of an operations and maintenance (O&M) base in Władysławowo for its BC-Wind offshore wind farm. The facility will provide operational, logistics and maintenance support for the project for around 30 years.

Warehouse & industrial

Germany Hippocampus signs for 16,700 sqm at CTPark Solingen

schedule 24 September 2026
Opr./edited by AH

CTP has signed a lease with third-party logistics (3PL) provider Hippocampus GmbH for around 16,700 sqm at CTPark Solingen in Germany. The deal covers approximately 16,200 sqm of warehouse space and 500 sqm of offices.

Retail & leisure

CEE region Two-thirds of CEE retail stock is over 15 years old

schedule 24 September 2026
Opr./edited by AH

Around 20 mln sqm of modern retail stock across Central and Eastern Europe is more than 15 years old, pointing to a growing cycle of refurbishment, repositioning and selective redevelopment, according to Colliers’ latest 'ExCEEding Borders Retail 2026' report.

Investment & finance

Germany WDP expands with EUR 19 mln Krefeld acquisition

schedule 24 September 2026
Opr./edited by AH

WDP has acquired a logistics property in Krefeld, North Rhine-Westphalia, for approximately EUR 19 mln, expanding its German platform through a selective value-add investment. The property comprises around 28,000 sqm of warehouse space, including an automated high-bay facility, and is fully leased to an international automotive company.

Technology

Poland Logicor brings smart metering to Polish portfolio

schedule 24 September 2026
Opr./edited by AH

Logicor is set to complete the rollout of smart metering across all 18 of its logistics parks in Poland by the end of 2026, giving tenants real-time visibility of electricity, water, gas and heat consumption across the portfolio.

Residential

Poland Rutkowski Group buys site for 39 apartments in Warsaw

schedule 23 September 2026
Opr./edited by AH

Rutkowski Group has acquired a site in Warsaw’s Białołęka district, where it plans to build 39 apartments. Located at the junction of ul Daniszewska and ul. Szlachecka, the project will be the group’s first residential development in Warsaw.

Residential

Poland Warsaw residential yields reach up to 6 pct

schedule 23 September 2026
Opr./edited by AH

Warsaw offers estimated gross residential investment yields of 4.5–6 pct, according to a new analysis by Cordia Group comparing housing markets in Poland, Hungary and Romania. After factoring in apartment finishing costs, the relationship between purchase prices and potential rental income in Warsaw is similar to that in Bucharest.

Residential

Poland Liberty Tower apartments sell for more than PLN 85,000 per sqm

schedule 23 September 2026
Opr./edited by AH

Apartments on the upper floors of Liberty Tower by Cavatina in Warsaw are selling for more than PLN 85,000 per sqm. Buyers can combine neighbouring units and, on the highest floors, purchase an entire floor of almost 600 sqm, offering views across the city in all directions.

Latest in Property and Facility Management

schedule 24 August 2026

ISS takes over technical management of Axis in Kraków

ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing technical services across the 20,000 sqm building at ul. Przy Rondzie 4, beside the Mogilskie roundabout.

schedule 10 August 2026

Savills takes on TFI PZU retail portfolio

Savills, which already manages an office portfolio in Poland for TFI PZU, has now also been appointed to manage three of the fund's retail assets.

schedule 16 March 2026

JLL takes on Equal Business Park

JLL has been appointed the exclusive leasing agent responsible for the Equal Business Park office complex in Kraków, owned by Apollo Rida. JLL's other exclusive mandates in the city include K1, Porto Office, The Park Kraków, M65 Meduza, and Unity Centre.

schedule 10 March 2026

Savills takes on two Warsaw buildings

The Savills' landlord representation team has been appointed as the exclusive leasing agent for two office buildings in Warsaw: Greenwings Offices and Grójecka 208. Both buildings were developed by Okre Development Group and are owned by Belgian investors.

schedule 10 March 2026

Tensions in the gulf promote energy efficiency

Tensions in the Persian Gulf region are once again causing concern in energy commodity markets. Rising gas prices are a natural reaction to the risk of supply disruptions from the Middle East, including Qatar – a key LNG exporter.

schedule 09 March 2026

Sicore stays with MVGM

MVGM Polska has extended its property management agreement with SICORE Real Assets. Under the renewed agreement, MVGM Polska will continue to provide comprehensive property management services for three class A office buildings in Warsaw and logistics properties in Poznań and Wrocław, with a total gla of 133,000 sqm.

schedule 30 July 2025

Balmain takes on Adventum

The Balmain Group has taken over the management of a portfolio of four warehouses owned by Adventum International. The properties, totalling around 185,000 sqm, are fully leased to a single, long-term tenant under a triple-net lease agreement.

schedule 08 July 2025

Savills to manage for Yareal

Savills has taken over the comprehensive management of a portfolio of properties in Warsaw owned by Yareal Polska. The portfolio includes buildings C, D and E of the Lixa complex, the Wspólna 47/49 office building and the service section of the Soho by Yareal development.

schedule 30 October 2024

Studio B under new management

Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate.

schedule 28 August 2024

Cushman feels the Vibe

Cushman & Wakefield has been appointed property manager of the Vibe office building. Ghelamco’s latest development delivered 15,000 sqm to the Warsaw market.

schedule 24 June 2024

CBRE will rule in Skyliner II

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

schedule 19 June 2024

Cushman & Wakefield to manage the entire portfolio

Cushman & Wakefield has been appointed as property manager for the VIG Fund’s three office buildings in Warsaw. The company will manage the fund’s entire Polish real estate portfolio of more than 47,000 sqm.

schedule 24 April 2024

EPP takes over the management of the M1 and Power Parks

EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP.

schedule 26 March 2024

Joint venture management for Romanian portfolio

M Core announces the launch of ‘Square 7 part of M Core’, a strategic joint venture between M Core and Square 7 Properties, to establish a new management platform for the M Core portfolio of 25 retail parks across Romania.

schedule 25 March 2024

Cushman rules at Expo Business Park

The Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, located in the Expozitiei area of Bucharest. As a result, the portfolio managed by the company’s asset services department reached almost 500,000 sqm.

schedule 03 January 2024

CBRE to manage Stop Shops in Serbia

CPI Property Group has appointed CBRE as manager of its Serbian Stop Shop retail park portfolio. It comprises 14 retail parks in 14 cities and more than 120,000 sqm of leasable area.

schedule 14 December 2023

Savills to look after Lakeside 

Savills will become the manager of the Lakeside office building. The complex is currently the largest development being built outside the central part of the capital. Atenor is responsible for its development.

schedule 13 September 2023

Savills to manage Okam City

Savills is to manage Okam's F.S.O Park development in Warsaw's Żerań district, covering the operation of the existing warehouse and office space.

schedule 24 July 2023

Tattersall Lorenz chosen by Schroder

Tattersall Lorenz has been appointed property manager of Schroder portfolio with a lettable area of over 230,000 sqm. The firm will also provide support for letting management and an ESG service contract for the properties.

schedule 02 May 2023

Offices and logistics most shielded from energy shocks

According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.

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Edition 9 (309) September 2026

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