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Office Market News

IMMOFINANZ: Net profit more than doubles to EUR 185.3 million in the first half of 2019

The strong earnings development recorded by IMMOFINANZ in the previous year continued during the first half of 2019. Rental income rose by 10.8% (including the effects from the initial application of IFRS 16) to EUR 131.8 million.

IMMOFINANZ expands STOP SHOP portfolio to 90 locations

IMMOFINANZ is driving the steady growth of its successful STOP SHOP retail park brand, as previously announced, with a next step that includes the expansion of the portfolio to 90 locations.

Opening of building H in TRIGRANIT’S Bonarka For Business

Building H, the eighth element of TriGranit’s Bonarka for Business (B4B), one of the most popular office complexes in Krakow, has been opened. The eight-storey, Class A office building with 9,855 sqm GLA already has a 45% occupancy rate, while the occupancy of Building F has recently reached 100%. So far in 2019, there have been more than 11,000 sqm new leases or lease extensions in the Bonarka Office complex

26 sqare meter office with rental agreement

We can offer a 26 square meter space from September 1, in Klapka Office Building. The two-room office on the second floor has entrance from the inner corridor. The building is easily accessible from Róbert Károly Boulevard, from Árpád Bridge coming from Buda, from Váci út coming from the city center or taking a 5-6-minute-walk from the public transport of the 3rd Metro line (stations of Dózsa György út or Árpád-híd). Its address is: XIII., Budapest, Rózsafa u. 13-17. The three-story building of brick structure was completely renewed both internally and externally in 2012. The rooms are fully air-conditioned. UPC and Telekom's communication services are available in the office building. Every office gets natural lighting, the large windows can be opened and they are equipped with internal shades. Year of renovation: 2012 Levels: ground floor + 2 floors Number of elevators: 1 Services - 12-hour doorman services - excellent internet access in-house - daily cleaning of common areas - there is a self-service restaurant inside the building - separate air-conditioning per office Technical description - internal monitoring system - alarm system - kitchenette, restroom - openable windows - suspended ceilings - 1 lift Parking on the street (paid area), but safe parking spaces are for rent, too.

ATENOR starts its second office development project located in Buda

ATENOR has signed an agreement, relating to the acquisition of a plot in the 11th district of Budapest, Hengermalom út 18., with an area of 5,711 m².

Falk Miksa Office

Stunning newly refurbished design LOFT office for rent near the Parliament

IMMOFINANZ closes the acquisition of the Warsaw Spire Tower from Ghelamco and Madison International Realty

IMMOFINANZ has successfully finalised the acquisition of the Warsaw Spire Tower through the purchase of the respective real estate holding companies. The closing took place today, 11 July, following the release of the transaction by the Polish antitrust authorities. The sellers are the Ghelamco Group, which completed the tower in 2016, and Madison International Realty, a global real estate private equity firm. The agreed property value for the office tower equals roughly EUR 386.0 million. The expected annual rental income based on invoiced rents totals approximately EUR 19.6 million.

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