Slovak return to offices comes at a cost: Employees demand higher salaries for on-site work

As companies push for a return to office environments, they are encountering increasing resistance from employees who have grown accustomed to the flexibility and convenience of remote work. Many workers now view remote or hybrid work arrangements as a standard benefit rather than a temporary solution, and they are reluctant to give up the autonomy and work-life balance they have enjoyed. In response, some employers are offering flexible work models to accommodate employees’ preferences, but these arrangements often come with compromises that affect salaries, working hours, and benefits.

According to Theresa Fesinstine, founder of the consulting firm peoplepower.ai, many job seekers are willing to make financial concessions in exchange for greater professional freedom. She notes that the trend is particularly noticeable among individuals who place a high value on work-life balance or who seek to minimize the costs and time commitments associated with daily commuting. This shift in priorities is forcing employers to rethink their strategies for retaining and attracting talent in an increasingly competitive job market.

A recent survey conducted by Robert Half revealed that a significant 76% of respondents would consider returning to full-time office work if their employers offered a 25% salary increase. This statistic underscores the growing expectation among employees for compensation that reflects the perceived inconvenience of commuting and being physically present in the workplace. Many workers are willing to negotiate, but they expect tangible financial incentives that recognize the value of their time and efforts.

However, offering higher salaries as an incentive to bring employees back to the office can be a risky strategy for employers. Relying solely on financial perks without addressing underlying employee concerns—such as job satisfaction, flexibility, and career development—could lead to dissatisfaction, increased turnover, and a weakened employer brand. Companies that do not strike a balance between flexibility and compensation risk losing talented professionals to competitors who offer more attractive working conditions.

Experts caution that a one-size-fits-all approach is unlikely to succeed in today’s diverse labor market. Employees have varying priorities, and while some may be motivated by financial incentives, others may prioritize flexibility, career growth opportunities, or a supportive work environment. Companies must therefore adopt a more personalized approach, offering tailored solutions that cater to the diverse needs of their workforce.

In addition to financial incentives, organizations are exploring other ways to make office work more appealing. Some companies are investing in creating more engaging workspaces, offering amenities such as wellness programs, social events, and enhanced collaboration opportunities. Others are implementing hybrid models that allow employees to split their time between home and the office, providing a middle ground that satisfies both business and employee needs.

Ultimately, the challenge for modern employers is to create a work environment that is both attractive and competitive. According to Fesinstine, retaining top talent with specialized skills requires a willingness to engage in meaningful negotiations and offer compelling value propositions that go beyond financial compensation. Companies that fail to adapt to the evolving expectations of the workforce may find themselves struggling to attract and retain skilled professionals in an increasingly dynamic and competitive job market.

As businesses navigate this transition, it is clear that employee expectations have shifted permanently. The future of work will likely be shaped by a combination of flexibility, fair compensation, and a renewed focus on employee well-being. Organizations that recognize and embrace these changes will be better positioned to thrive in the evolving labor landscape.

Source: Trend.sk

Dekpol targets PLN 308 million in revenue from development segment in 2025

The Dekpol Group aims to achieve approximately PLN 308 million in revenue from its development segment in 2025, primarily driven by the sale of around 570 residential units that will be reflected in the company’s financial results. The company also plans to secure 510 unit sales through booking, development, and preliminary contracts over the year.

In 2024, Dekpol sold 466 units under reservation, development, and preliminary agreements, compared to 472 units in the previous year. However, the number of units recognized in the group’s financial results for 2024 declined to 342 units, down from 478 units in 2023. As of December 31, 2024, the total number of units available for sale across the group’s portfolio stood at 914 units.

The estimated total value of units sold in 2024 under reservation and preliminary agreements amounted to PLN 241 million. Meanwhile, the value of units that will be reflected in the company’s financial performance for the same year is expected to reach approximately PLN 223 million.

Dekpol operates across three core business segments: general contracting services, manufacturing of buckets and attachments for construction machinery, and real estate development. Since 2015, the company’s shares have been listed on the Warsaw Stock Exchange (WSE). In 2022, Dekpol reported consolidated revenues of PLN 1,386.85 million, reflecting the company’s significant presence in the Polish construction and real estate sectors.

Looking ahead to 2025, Dekpol remains focused on expanding its development activities while maintaining strong performance across its diversified business segments.

Munich’s new wholesale market hall set for completion by 2030

The much-anticipated plans for Munich’s new wholesale market hall have been unveiled to the city’s urban design commission, with the state-of-the-art, two-storey facility expected to become operational by 2030. The new market will be constructed on the existing site on Schäftlarnstraße in the Thalkirchen district, aiming to modernize food logistics and meet evolving retail demands.

The Büschl Group, the last remaining bidder in a Europe-wide tender initiated by the City of Munich, is spearheading the project in collaboration with logistics industry specialists Four Parx and Logivest. A final proposal is expected to be submitted to municipal authorities this summer, with the development set to provide 125,000 square meters of rental space on an 85,000-square-meter site. A preliminary building application for the uniquely structured market has already been filed.

The new wholesale market will continue to accommodate traditional trades in fruit, vegetables, and flowers, while expanding to include a broader range of food products such as meat, bakery items, dairy products, and international specialties. Retail space is also planned to complement these offerings, enhancing the market’s appeal to retailers and consumers alike.

“With this expanded concept, we aim to optimize logistics for the entire food sector, meeting the growing needs of retailers and citizens,” said Ralf Büschl, Chairman of the Büschl Advisory Board.

The project has been designed in close collaboration with retailers, with planning adjustments made to reflect their requirements. Several workshops were conducted to ensure an optimal overall concept, prioritizing both functionality and sustainability. All traffic and parking areas will be enclosed, providing enhanced noise protection for the surrounding community.

During the construction phase, sufficient rental space will be provided to wholesalers to ensure business continuity. Rental negotiations for the new facility are already underway, with neighboring businesses also being invited to participate.

The wholesale market is positioned to become one of Europe’s most innovative and sustainable food distribution hubs. The two-storey structure will maximize the efficient use of available space, while sustainable construction practices will be employed throughout. The facility will also include dedicated areas for the Münchner Tafel food bank and designated truck rest areas to support efficient logistics operations.

“Thanks to digital traffic control, the entire loading and unloading process, as well as truck rest areas, can be fully optimized,” Büschl explained. “This will reduce congestion in the surrounding areas and streamline logistics without disrupting local residents.”

The market’s operational hours will remain unchanged, and rental prices for wholesale and office space will align with current market conditions.

As part of the project, Logivest, acting as a logistics real estate consultant, is tasked with securing an investor and identifying a suitable buyer for the future operator, UGM.

“This project not only meets the city’s sustainability goals but also ensures a fresh and efficient food supply for Munich,” Büschl added.

With its strategic location and forward-thinking design, the new wholesale market hall is set to become a benchmark for modern food distribution, enhancing Munich’s reputation as a key logistics hub in Europe.

LIP Invest acquires new logistics centre from Panattoni in Immendingen

LIP Invest, a leading German provider of special real estate funds in the logistics sector, has acquired a newly completed logistics centre in Immendingen, located at Carl-Benz-Strasse 7-9. The acquisition was made for one of LIP’s logistics funds, which is managed by the alternative investment fund manager INTREAL. The property was developed by Panattoni and has been leased on a long-term basis to SF Filter, a regional company based in Villingen-Schwenningen. Goldbeck International served as the general contractor for the project, while LIP received support in the off-market deal from LPA for legal matters, Mazars for tax advisory, and ES Enviro Sustain for ESG compliance. Alea real oversaw technical due diligence and construction monitoring.

The logistics centre, built on a 32,000-square-meter site, offers a total rental area of approximately 17,000 square meters. This includes 14,700 square meters of hall space, 2,000 square meters of mezzanine space, and 400 square meters of office space. The facility is designed to be flexible, with the hall capable of being divided into two units. It features 13 ramp gates and two ground-level access gates to accommodate diverse delivery requirements.

Built to meet modern construction and environmental standards, the property is free of fossil fuel heating systems and is equipped with smart metering technology to digitally track energy consumption. The building also includes environmentally friendly features such as partially greened roofs and an on-site photovoltaic system installed by AvanLog Solar, a sister company of LIP Invest. This system offers tenants the option to purchase electricity directly. Additional sustainability features include electric vehicle charging stations, water-saving fixtures, a dedicated wellbeing area, and a landscaped wildflower meadow.

SF Filter, the tenant of the new logistics facility, has grown into one of Europe’s leading distribution platforms for filtration solutions. The company will use the facility to streamline global distribution operations and support local external warehouses across Europe. The logistics centre benefits from its strategic proximity to the Singen container terminal, which facilitates the efficient transfer of goods between road and rail transport.

According to Sebastian Betz, Managing Director and Partner at LIP Invest, the acquisition of the Immendingen property is a significant addition to the company’s portfolio. He highlighted the high demand for logistics space in the Lake Constance region, which is home to numerous large corporations and mid-sized enterprises. Betz noted that the market is predominantly occupied by owner-operators, making opportunities to acquire such modern facilities rare. He expressed satisfaction with securing the property, emphasizing its strategic importance and alignment with LIP’s investment objectives.

The acquisition of the Immendingen logistics centre further strengthens LIP Invest’s presence in the region and underscores its commitment to sustainable and efficient logistics real estate solutions.

Leadership changes at The Grounds following successful capital increase

The Grounds Real Estate Development AG has announced changes to its supervisory board following the successful completion of its capital measures. As part of the company’s new partnership with H.I.G., The Grounds is strengthening its leadership team with the appointment of Stelios Theodosiou, Managing Director at H.I.G. Realty Partners in London, and Daniel Wöhler, Director and Head of DACH at H.I.G. Realty Partners, London. Their appointment marks a strategic shift aimed at supporting the company’s growth and expansion plans.

The two newly appointed executives will replace Thomas Bergander and Eric Mozanowski on the supervisory board. Despite stepping down, Mozanowski will continue his involvement with The Grounds as one of its largest shareholders through ZuHause Immobilien Handelsgesellschaft mbH. Expressing gratitude for their service, Jacopo Mingazzini, a member of The Grounds’ management board, acknowledged the contributions of both departing members and highlighted their impact on the company’s development.

Following the recent acquisition of a single-family home portfolio in Potsdam, The Grounds is now actively exploring further investment opportunities. The company remains focused on its expansion strategy, leveraging its strengthened leadership team to identify and acquire new projects that align with its long-term growth objectives.

The appointment of Theodosiou and Wöhler to the supervisory board reflects The Grounds’ commitment to enhancing its strategic direction and capitalizing on emerging market opportunities with the support of H.I.G.’s expertise in real estate investments.

Photo: Stelios Theodosiou, Managing Director at H.I.G. Realty Partners in London

Broadway Palace in Prague up for auction again as State seeks buyer

The Office for the Representation of the State in Property Affairs (ÚZSVM) is making its eighth attempt to sell Prague’s iconic Broadway Palace through an electronic auction, which begins today and will run until Thursday. The starting price has been set at CZK 878 million, with bid increments of CZK 50,000. Despite previous efforts, the property has failed to attract active bidders, with potential buyers registering and paying the deposit but ultimately not submitting any offers.

ÚZSVM has been attempting to sell the landmark property through electronic auctions since September 2021. If the current auction is successful, it could set a new record as the most profitable sale in the office’s history, surpassing the CZK 790 million achieved from the sale of a complex in Republic Square, Prague. However, the auction of another state-owned property, the Central Bohemian Castle of Štiřín, which is being auctioned concurrently with a starting price of CZK 1.445 billion, could potentially overshadow the Broadway Palace sale.

Broadway Palace, an architectural masterpiece of the functionalism style, was designed in the 1930s by renowned architects Bohumír Kozák and Antonín Černý. The building, located between Celetná and Na Příkopě streets near Republic Square, consists of three interconnected wings and is considered one of the largest examples of modernist architecture within Prague’s historic core. Originally designed to house Italian insurance companies and residential apartments, the building underwent modifications after 1980 to accommodate administrative functions. Its basement houses the Broadway Theater, which opened in 1938 with state-of-the-art projection and sound technology for its time.

Following its transfer from the former Administration of Railway Transport (now the Administration of Railways) in 2016, the property was initially offered to other state institutions, as required by law. However, none expressed interest in acquiring it. The building’s current tenant also declined to exercise their preemptive right to purchase. Consequently, ÚZSVM continues its efforts to find a new owner through the auction process.

The auction represents a significant opportunity for investors seeking a prime location in the heart of Prague, combining historical charm with functional design. Whether this latest attempt will finally secure a buyer remains to be seen.

Source: CTK

ARETE Park Rokycany I nears completion with latest unit handover to Hutchinson

The penultimate unit within ARETE Park Rokycany I has been successfully completed and handed over to its new tenant, the Czech subsidiary of the French company Hutchinson. This marks another milestone in the park’s development, which continues to progress according to schedule. The second hall within the park, offering over 15,000 square meters of rental space, is being delivered in phases, with the latest unit covering approximately 4,800 square meters now in full operation.

Hutchinson s.r.o., a subsidiary of the multinational conglomerate TotalEnergies, has been operating in Rokycany since 1994, specializing in the production of rubber components for the automotive industry. Their product range includes hoses for air, fuel, oil, and water systems. The newly acquired space in ARETE Park Rokycany I will serve as the company’s comprehensive logistics center, enhancing its operational efficiency. Hutchinson has signed a long-term lease and will share the hall with another tenant, further optimizing the facility’s utilization.

Hutchinson is a global leader in vibration control, fluid management, and sealing technologies. With a workforce of 40,000 employees across 25 countries, the company provides innovative solutions to demanding industries across air, land, and sea, striving to create safer, more comfortable, and more sustainable mobility solutions. The partnership with Hutchinson underscores ARETE’s commitment to securing top-tier tenants and reinforcing its reputation as a provider of premium industrial spaces.

Spanning a total area of over 22,000 square meters, ARETE Park Rokycany I is designed to meet the highest environmental standards. Both halls in the park have received BREEAM certification and are equipped with energy-efficient heat pumps for heating. In alignment with ARETE’s ESG strategy, extensive landscaping efforts have been undertaken, including the planting of numerous trees, shrubs, and grasses carefully selected to reflect the native flora of the region. This initiative not only enhances the park’s visual appeal but also contributes to soil enrichment and plant biodiversity, seamlessly blending the development with the surrounding landscape.

Strategically located directly off Exit 62 of the D5 highway, the park offers unparalleled connectivity between Prague and Germany, making it an ideal hub for logistics and industrial operations.

The ARETE INDUSTRIAL fund, which manages the park, boasts a portfolio with assets exceeding €300 million. The fund’s leasable space is geographically distributed across the region, with 48% in the Czech Republic, 27% in Slovakia, and 25% in Poland, reflecting its robust presence in Central Europe.

With this latest handover to Hutchinson, ARETE Park Rokycany I is approaching full occupancy, further solidifying its position as a key logistics hub in the region.

Croatia’s unemployment rate hits eight-month high in December

Croatia’s unemployment rate rose to 5.1% in December, marking the highest level in eight months, according to data released by the Croatian Statistical Office and reported by RTTNews. This increase follows a rate of 5.0% in November, with December’s figures representing the highest unemployment level since April 2024, when it stood at 5.6%.

Throughout 2024, the highest recorded unemployment rate was in January, reaching 6.8%. In comparison, the unemployment rate in December 2023 was notably higher, standing at 6.5%.

The total number of registered unemployed individuals in Croatia at the end of last year was 91,563, reflecting an increase from 89,897 in November. The latest data suggests that job market conditions remain challenging, with the rise in unemployment highlighting seasonal and structural factors affecting the labor force.

As Croatia navigates economic shifts, policymakers continue to monitor employment trends, focusing on initiatives to stabilize the labor market and foster job creation in key sectors.

SPCG law firm to open new office in Wrocław’s Infinity building in August 2025

Polish law firm T. Studnicki, K. Płeszka, Z. Ćwiąkalski, J. Górski sp. k. (SPCG) has signed a lease agreement for over 350 square meters of prime office space in the Infinity office building located at Legnicka 16 in Wrocław. The firm’s new branch is set to open in August 2025, further expanding its presence in Poland.

SPCG, one of the largest and longest-established independent law firms in the country, has been providing comprehensive legal advisory services across various fields for over 35 years. With a team of over 110 lawyers, including 19 partners, the firm operates through four offices in Kraków, Warsaw, Katowice, and Wrocław, offering nationwide legal support.

The firm has earned high rankings and recommendations in prestigious international legal directories such as Chambers Global, Chambers Europe, Euromoney – Deal Watch, Forbes, Legal 500, PLC Which Lawyer, IFLR 100, and Best Lawyers. In Poland, SPCG holds top positions in the rankings of Rzeczpospolita daily, while its lawyers are frequently recognized in the Rising Stars ranking, which highlights emerging talent in the legal industry.

The leasing agreement at Infinity marks a significant milestone for both SPCG and the office building, which has attracted prominent industry leaders. Mariusz Frąckiewicz, Director Poland at Avestus Real Estate, expressed his satisfaction with the collaboration, highlighting SPCG’s choice as a testament to the high quality and professional environment offered by Infinity. He emphasized the smooth and efficient leasing process, which began with SPCG representatives’ first visit to the building, ultimately leading to the successful signing of the lease.

SPCG’s new office will be situated on the third floor of the Infinity building, offering views of Legnicka Street. The lease negotiations were facilitated by Knight Frank, with Aleksandra Balczewska coordinating the process.

Professor Sławomir Dudzik, Managing Partner at SPCG, expressed enthusiasm about the move, stating that the new office at Infinity will provide an enhanced environment for clients and employees alike. He emphasized that the relocation aligns with the firm’s commitment to delivering premium legal services and ensuring comfortable working conditions for its team.

CA Immo secures five new leases in Frankfurt’s ONE office and hotel tower

CA Immo has finalized five new leasing agreements for approximately 2,250 square meters of space in the ONE office and hotel tower in Frankfurt. The new tenants include Corporater GmbH (400 sqm), Pareto Securities AS (800 sqm), MET Germany GmbH (400 sqm), BeauTech Power Systems Europe GmbH (330 sqm), and Thomson Reuters Germany GmbH (330 sqm). With these latest agreements, the 68,000-square-meter high-rise is now nearly fully occupied.

According to Matthias Winkelhardt, Head of CA Immo Frankfurt, the recent lease signings reaffirm the tower’s appeal to international and innovative companies. He emphasized that the comprehensive service concept, sustainable design, and prime location at the intersection of Frankfurt’s banking and European districts make ONE an attractive choice for tenants.

The ONE tower, standing 190 meters high, is recognized for its exceptional standards in architecture, technology, and sustainability. It has received several prestigious accolades, including the Platinum Certificate from the German Sustainable Building Council (DGNB) for sustainability and the DGNB Diamond Award for outstanding architectural design and urban integration. Additionally, it is the first high-rise in Central Europe to achieve both SmartScore Platinum and WiredScore Platinum certifications, highlighting its cutting-edge smart building technologies and digital connectivity.

Beyond office spaces, ONE offers a 4-star superior hotel operated under the nhow brand, a coworking facility, and various public amenities. The building features a Skybar with panoramic views of Frankfurt, as well as a café in the lobby, adding to its appeal as a vibrant, mixed-use destination.

The leasing transactions were facilitated by real estate agencies Colliers Deutschland, Cushman & Wakefield, Black Olive, and JLL.

With its innovative design and strategic location, ONE continues to attract high-profile tenants and reinforce its position as a flagship property in Frankfurt’s commercial real estate market.

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