PL

Romania Stability ahead in Bucharest

Office & mixed-use development
The volume of Q1 leasing transactions in Bucharest came to 48,000 sqm, according to Cushman & Wakefield Echinox.

This was down by 40 pct on the previous year’s figure. Renewals accounted for 29 pct of the deals and preleases came to 46 pct, up from 20 pct. Over the period Skanska completed its Campus 6 projects and Forte Partners completed Milo Offices. The two buildings have a combined area of around 30,000 sqm. By the end of the year, around 220,000 sqm of new modern office space should have been delivered. The vacancy rate now stands at about 13.5 pct.

We consider the first three months of this current to have been a positive sign, as we have seen a significant number of pre-lease transactions for certain office space under construction, We are also seeing a significant decrease in Covid-19 cases and the vaccination campaign progressing well. These are two key elements that will encourage employees to return to the office who will, as a result, feel safer at work, which is an essential factor for a return to normality
Mădălina Cojocaru, partner at Cushman & Wakefield Echinox

Latest news

Property and Facility Management

Poland Cushman takes Atrium 2

schedule 14 June 2021

Global real estate services firm Cushman & Wakefield has been appointed leasing agent for office building Atrium 2 in Warsaw owned by German investment fund Hansainvest Hanseatische Investment.

Office & mixed-use development

Poland Lakeside to be ready in Q3 2023

schedule 14 June 2021

JLL has been appointed the exclusive agent responsible for the lease of the Lakeside office building under development by Atenor.

Technology

Poland Atrium work ten times quicker

schedule 14 June 2021

Atrium Poland Real Estate Management is to work with Pergamin, a Polish startup that allows contracts to be signed with digital signatures. In this way, the leasing of 14 of Atrium’s centres will be up to ten times quicker.

Events

Poland The office market gathers for our latest conference

schedule 14 June 2021

Eurobuild’s 12th Office Conference ‘Trends and Forecasts. The Polish Office Market’ is fast approaching! This Thursday at 9:30 am, it will open with a panel devoted to the office development market and the revolution triggered by the pandemic.

Office & mixed-use development

ROMANIA Pharma firm to continue in Europe House

schedule 14 June 2021
Opr./edited by NN

Biopharmaceutical company Bristol Myers Squibb România has extended its lease of 1,200 sqm in the Europe House office building in central Bucharest.

Warehouse & industrial

ROMANIA Havi to open 21,000 sqm centre in Chitila Logistics Hub

schedule 14 June 2021
Opr./edited by NN

Havi Logistics is to open a 21,000 sqm distribution centre in Chitila Logistics Hub on the northwestern outskirts of Bucharest.

Office & mixed-use development

POLAND WestRock lands in Sienna Center

schedule 14 June 2021
Opr./edited by NN

Paper and packaging producer WestRock has become the latest tenant of Sienna Center in Warsaw, leasing 400 sqm on the second floor of the office building.

Retail & leisure

CZECH REPUBLIC Fidurock now the sole owner of Retail Park Choceň

schedule 14 June 2021
Opr./edited by NN

Fidurock has become the 100 pct owner of Retail Park Choceň in the Pardubice region (Eastern Bohemia), through the acquisition of the 50 pct stake held by its local development partner for the project, PH Project.

Investment & finance

HUNGARY Fosun buys BC 140 – via Fidelidade

schedule 14 June 2021
Nathan North
deputy editor

In May we published the news that the BC 140 office building in Budapest is to be sold by German fund DWS to Resolution Property, following announcements by the agents involved in the deal.

Office & mixed-use development

Poland Ciech opens SSC centre in Bydgoszcz

schedule 11 June 2021

International chemicals group Ciech is to open a shared service centre in the Arkada Business Park in Bydgoszcz.

Warehouse & industrial

Poland Arvato in Prologis Park Poznań III

schedule 11 June 2021

Logistics services provider Arvato Supply Chain Solutions is to open a new 48,000 sqm order fulfilment centre in a BTS building in Prologis Park Poznań III.

Office & mixed-use development

Poland Basketball association in Wola Retro

schedule 11 June 2021

The Polish Basketball Association [Polski Związek Koszykówki] has leased space in the Wola Retro centre in Warsaw.

Office & mixed-use development

Poland Gamers in O3

schedule 11 June 2021

Locally-based computer game developer Teyon has signed a five-year lease for 500 sqm in the O3 Business Campus in Kraków.

Property and Facility Management

Poland Colliers takes on Neon

schedule 10 June 2021

Colliers has taken over the management of the Neon office building, which comprises the fourth stage of the Alchemia business complex in Gdańsk.

Residential

Poland Resi4Rent opens in Gdańsk

schedule 10 June 2021

Rental apartment platform Resi4Rent has opened its seventh building with 301 units on ul. Kołobrzeska in Gdańsk.

Warehouse & industrial

Poland Museum of Modern Art to lease Hillwood warehouse in Warsaw

schedule 10 June 2021

The Museum of Modern Art (MSN) in Warsaw is to lease 2,000 sqm of space in the Hillwood Warszawa Targówek warehouse centre.

Investment & finance

CENTRAL EUROPE Immofinanz strikes back with ‘facts’ at S Immo

schedule 10 June 2021
Nathan North
deputy editor

Immofinanz has responded to the recent rejection of its takeover bid for S Immo from the latter company’s executive board.

Office & mixed-use development

POLAND Topping out for two at Fuzja

schedule 09 June 2021
Nathan North
deputy editor

Two office buildings have been topped out in Echo Investment’s Fuzja development in Łódź. Occupancy permits are expected to be obtained for the buildings in Q1 2022.

Warehouse & industrial

SLOVAKIA XXXLutz leases 6,000 sqm at P3 Bratislava Airport

schedule 09 June 2021
Opr./edited by NN

Austrian furniture retail chain XXXLutz group has leased 6,000 sqm at P3 Park Bratislava Airport.

Hotels

Radisson Blu Bucharest reopens

schedule 09 June 2021

The Radisson Blu Hotel, Bucharest, has reopened following a major capital investment to elegantly transform the hotel’s lobby and garden area, as well as increase the number of guest rooms to over 600.

Latest in Office & mixed-use development

schedule 14 June 2021

Lakeside to be ready in Q3 2023

JLL has been appointed the exclusive agent responsible for the lease of the Lakeside office building under development by Atenor.

schedule 14 June 2021

Pharma firm to continue in Europe House

Biopharmaceutical company Bristol Myers Squibb România has extended its lease of 1,200 sqm in the Europe House office building in central Bucharest.

schedule 14 June 2021

WestRock lands in Sienna Center

Paper and packaging producer WestRock has become the latest tenant of Sienna Center in Warsaw, leasing 400 sqm on the second floor of the office building.

schedule 11 June 2021

Ciech opens SSC centre in Bydgoszcz

International chemicals group Ciech is to open a shared service centre in the Arkada Business Park in Bydgoszcz.

schedule 11 June 2021

Basketball association in Wola Retro

The Polish Basketball Association [Polski Związek Koszykówki] has leased space in the Wola Retro centre in Warsaw.

schedule 11 June 2021

Gamers in O3

Locally-based computer game developer Teyon has signed a five-year lease for 500 sqm in the O3 Business Campus in Kraków.

schedule 09 June 2021

Topping out for two at Fuzja

Two office buildings have been topped out in Echo Investment’s Fuzja development in Łódź. Occupancy permits are expected to be obtained for the buildings in Q1 2022.

schedule 08 June 2021

CBD to come back to life

With strict physical distancing protocols likely to end, CBD offices will again come back to life as they serve as destinations for face-to-face interaction, collaboration, innovation and creativity claims JLL in its ‘Benchmarking Cities and Real Estate’ report.

schedule 08 June 2021

Nowy Rynek building D opens

Building D of the Nowy Rynek complex in Poznań has been granted an occupancy permit. The 39,000 sqm office block was developed by Skanska and is the first building in the city to have been submitted for WELL Core&Shell certification.

schedule 07 June 2021

ChemAxon comes to Váci Greens E

Biochemical IT services provider ChemAxon has signed a lease for 3,050 sqm of office space in building E of the Váci Greens complex in Budapest, owned by Atenor.

schedule 07 June 2021

Ferrero takes more in Globalworth Tower

Confectionery brand Ferrero has expanded its offices in Globalworth Tower in Bucharest by an additional 660 sqm, bringing the area of its premises up to 1,660 sqm.

schedule 02 June 2021

Distribev stays in Silesia Business Park

Alcoholic beverage distributor Distribev has extended its lease for 1,030 sqm of office space in the ISOC-owned Silesia Business Park complex in Katowice.

schedule 02 June 2021

First tenant for Port7

Eye clinic Oční centrum Praha (Eye Centre Prague) has become the first tenant of Skanska’s Port7 multi-functional development in Prague’s Holešovice district.

schedule 01 June 2021

New office supply dries up in Prague

The total modern office stock in Prague reached 3.69 mln sqm at the end of Q1 2021, according to Savills, after one of the lowest quarterly completion levels in the city’s history.

schedule 31 May 2021

Savills sees optimism in Warsaw offices

According to Savills latest research, London City and West End, Paris and Warsaw’s office markets are the most attractively priced in Europe this year due to the opportunity for yield compression and/or attractive yield spreads to risk-free rates.  

schedule 31 May 2021

Ford happy in Nile House

Ford Motor Company has renewed its lease of almost 1,300 sqm in the Nile House building in Prague’s Karlín district.

schedule 28 May 2021

Budapest One 2,3 reaches highest point

The second and third phases of the Budapest One office park, which is being developed by Futureal, have reached their highest point.

schedule 27 May 2021

Eiffage to build Infinity

Avestus Real Estate has selected Eiffage Polska Budownictwo as the general contractor for the Infinity office building at Plac Jana Pawła II in Wrocław.

schedule 27 May 2021

XTB moves HQ to Skyliner

Polish brokerage house X-Trade Brokers (XTB) is to move its Warsaw headquarters to the Skyliner building, where it will occupy almost 4,400 sqm of office space.

schedule 26 May 2021

Chillispaces in React

React, an office project being developed by Echo Investment in Łódź, will be the second location in the city for coworking provider Chillispaces.

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