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Office Market News

Cushman & Wakefield appointed as letting agent for Cromwell Property Group's buildings

Global real estate services firm Cushman & Wakefield has been appointed as sole letting agent for Riverside Park and Grójecka 5 in Warsaw, and Arkońska Business Park in Gdansk. Cromwell Property Group acts as the property manager for the buildings. “Riverside Park, Grójecka 5 and Arkońska Business Park are well-established schemes on their respective local office markets. Each offers high-quality office space in well-connected locations and at competitive...

Savills: Business uncertainty driving European occupiers to fringe locations, flexible offices and development opportunities

European office take up is forecast to reach 9.2 million sq m by the end of 2019, down marginally by 4% from 2018’s end year volume, according to Savills latest research. A shortage of good quality, available space across Europe’s CBDs is limiting occupiers’ choices as average vacancy rates dropped from 6.1% to 5.4% over the past 12 months.

Catalyst Capital appoints advisers for Harmony Office Center II

Savills has been appointed a co-exclusive agent for leasing office space in Harmony Office Center II. The owner of the property has therefore begun the recommercialisation of the scheme.

New tenant of Principio office building in Kraków

Unity Group, IT services provider, signed an agreement for the lease of over 800 sqm of office space at Principio office building in Kraków. The company will be relocated to its new office in Q1 2020. Eko-Park, owner of the premises, was represented by Knight Frank, international real estate consultancy.

Report – office space in Poland 2019

Polish cities – office destination The office market in Poland is constantly growing, the total stock of modern office space in the H₁ 2019 exceeded 10 million sq m. Although the capital is still leading in terms of demand for office space, which in the first half of this year amounted to just over 400,000 sq m in this city, regional markets are also gaining in importance. Cracow and Wroclaw are office locations that can boast over 1 mln sq m of modern office space. Demand...

Polish office buildings worth billions

The value of investment transactions concluded on office markets outside Warsaw has already exceeded 1 billion EUR, a record for Poland's regional markets.

CitySpace expands its network by three new offices

October was an extremely productive month for CitySpace, a Polish company providing flexible serviced offices. The provider launched two new offices in Warsaw and expanded the space occupied in the O3 Business Campus complex in Kraków. As a result, CitySpace increased its managed space by 40% and launched 650 workplaces over the last weeks.

Savills: high commercial property investment activity in CEE

Commercial property investment activity exceeded €8bn across Poland, the Czech Republic, Slovakia, Hungary and Romania in the first three quarters of 2019, 54% above the five year average, according to Savills latest research report.

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