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Office Market News

New office building from TriGranit in Krakow

3/18/15

Comfortable, functional, set in convenient location and repeatedly awarded for the best public space - Bonarka for Business (B4B) opens another office building in Krakow, Poland. The new office building E with its 10.000 sqm GLA is the fifth of the Class A objects in the B4B project, that is nowadays the most popular and respected office park in Krakow. At completion, the B4B project will consist of 11 buildings with a total area of 100.000 sqm GLA in an overall investment amount of EUR 200 million.

Asian Investors’ Expenditure Rises 23% to US$40 Billion

3/17/15

Asian investors deployed a total of US$40 billion into international commercial real estate in 2014, a rise of 23% year on year (2013: US$32.5 billion), according to the latest research from global real estate advisor CBRE.

LONDON CEMENTS POSITION AS WORLD’S MOST EXPENSIVE OFFICE MARKET

3/12/15

London’s West End is the world’s most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong, according to research published today in Cushman & Wakefield’s annual Office Space Across the World global ranking.

The Largest Property Deal Ever Recorded in the Czech Republic was Advised by CBRE

3/6/15

CBRE advised Union Investment Real Estate GmbH on the acquisition of a majority shareholding stake of the most prestigious asset in the Czech market, Palladium, from a company managed by the German investment manager Hannover Leasing, Pullach. The transaction is the largest property deal ever recorded in the Czech Republic.

ING Bank arranges EUR 193 million refinancing for TriGranit’s Bonarka City Center

3/6/15

ING Bank Śląski S.A. and ING Bank N.V. have jointly signed a EUR 193 million term loan facility to refinance senior debt related to the Bonarka City Center (BCC) shopping mall. The mall has been developed by TriGranit Development Corporation, one of the largest privately owned development corporations in Europe. The loan for Bonarka City Center was closed on 27th February.

CBRE Named Top Real Estate Brand in Lipsey Survey for 14th Consecutive Year

3/4/15

CBRE Group, Inc. (NYSE:CBG) today announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 14th consecutive year. Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2001.

30% of all office area is expected to be green by the end of 2015

3/3/15

In 2014 green office area continued to grow rapidly, now the stock of green offices is exceeding 23% of the entire stock. Taking into consideration the size of offices currently being under certification, this number will grow to 30% by the end of 2015. – said Norbert Szircsák, Senior Associate at Colliers International’s Green Advisory Services on the occasion of releasing the real estate consultant firm’s yearly green certification report.

Krisztina Palace: Green building rating in inner Buda

3/2/15

High standard services, environmental friendly operation, organized transportation connections, advanced technical background, proactive property management – these are the complex expectations from an office building. Krisztina Palace, the property of Union Investment hits these standards and therefore been awarded the BREEAM In Use ’Very Good’ rating in two categories.

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Harkácsi István

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