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Office Market News

IMMOFINANZ with significant increase in office portfolio occupancy: plus seven percentage points to 82%

IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.

Sumisho Global Logistics is expanding at Ctpark Plzeň

Japanese company Sumisho Global Logistics (SGL) specializing in pre-production logistics has expanded its warehouse capacity at CTPark Plzeň. Due to its growth, the company has leased there 6,000 sq m of new warehouse and office space adding to the original 26,500 sq m. The tenant was represented by the industrial team of 108 Agency.

Domestic investors to be the most active players in the Hungarian real estate markets

According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.

Hb Reavis and Zeus Capital Management complete the first major office transaction in hungary in 2016

HB Reavis Group and Zeus Capital Management are pleased to announce the completion of the sale and purchase of Váci Corner Offices. HB Reavis Group’s first development in Hungary, located in the heart of the Váci út office corridor in Budapest, has been purchased by a group of investors represented by Zeus Capital Management. This is the first major office transaction in the Hungarian real estate market in 2016, as well as a milestone in the successful business development of HB Reavis in Hungary. This acquisition is made by Zeus Capital Management in relation to its commercial properties investment platform dedicated to Central East and South East Europe.

Prologis to Deliver Two New Facilities at Prologis Park Prague D1 – 100-Percent Pre-leased

Prologis, Inc., the global leader in industrial real estate, today announced that it will expand Prologis Park Prague D1 East by developing two additional buildings, DC8 and DC9, totalling 10,360 square metres, for which two pre-leasing agreements have been signed prior to construction.

Alpha Building in Prague’s Bb Centrum has a new look

The leading Czech development and investment company PASSERINVEST GROUP has completed the revitalisation of the common spaces in the ALPHA Building. The planned renovation of the building in the BB Centrum in Prague 4 followed the company’s repurchase of the building. Two new tenants moved into the modernised building during the course of January and ALPHA currently reports a 70% occupancy rate.

Municipality of Ostrava purchases the historical building from Passerinvest Group

The Czech development and investment company PASSERINVEST GROUP has completed its successful and exemplary cooperation with the Moravská Ostrava a Přívoz city district. Ostrava City Hall applied the option for the priority purchase of the historical building in which the city district’s offices are located. Once again PASSERINVEST GROUP has shown that it is possible to do business in the Czech Republic honestly, according to the rules and without any outside influences or corrupt behaviour.

JLL transacts a record breaking 109,059 sqm of office space in 2015 and confirms its long-term leading market position

According to the Prague Research Forum, the office leasing teams (Tenant Representation and Office Agency) of JLL mediated a record breaking 109,059 sqm of office space transactions on the Prague market. This total consists of 61,740 sqm mediated by the Tenant representation team and 47,319 sqm mediated by the Landlord representation team. Both teams transacted the highest volumes and achieved the largest market shares amongst all real estate consultancy companies on the Czech market.
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