Globalworth launches new flexible office space brand in Poland

Globalworth is introducing a new flexible office space offering in Poland. Set to debut in the second half of October, this new business line will provide fully furnished, work-ready offices with flexible leasing terms, aimed at meeting the growing demand for adaptable office solutions.

The new brand is designed to cater to the evolving needs of companies, offering lockable offices for start-ups, small and medium-sized businesses, coworking zones, and corporate spaces. This marks a significant shift in Globalworth’s service portfolio, as it responds to the increasing preference for scalable office environments that suit businesses of various sizes and industries.

“The demand for flexible workspaces has been a clear and growing trend in recent years. With our new brand, we aim to meet this demand by offering modern office solutions that will not only serve as incubators for growing companies but also as swing spaces for clients awaiting the completion of their own offices in our buildings,” said Artur Apostol, Managing Director – Real Estate Operations Poland at Globalworth.

The flex office offering is particularly suited for businesses facing fluctuating staffing levels, providing a practical alternative to traditional long-term leases.

Globalworth’s new brand will allow tenants to access high-tech, fully furnished office spaces equipped with additional services, such as reception facilities and meeting rooms, without the burden of long-term commitments. This solution is ideal for companies operating in fast-changing markets or seeking temporary office space.

By launching this new business line, Globalworth aims to enhance its comprehensive office portfolio, catering to the needs of both large corporations and smaller businesses, including freelancers, looking for prestigious and flexible workspaces in Poland’s prime locations.

Romania’s industrial and logistics stock to hit 8 million Sqm by 2025

Romania’s industrial and logistics space is on track to reach 8 million square meters by the end of 2025, provided the current annual development pace of 500,000 sq. m continues. As of mid-2024, more than 7.125 million sq. m were operational across the country, with over half of that stock concentrated in the Bucharest-Ilfov and West regions, according to a new report from real estate consultancy firm Cushman & Wakefield Echinox.

Despite the growing demand for logistics and industrial spaces across various regions, the Bucharest-Ilfov region remains dominant, accounting for 49.2% of the total stock, followed by the West region at 14.7%. Other significant hubs include South-Muntenia (10.6%), Center (9%), and North-West (8.9%). Meanwhile, the North-East (3.3%) and South-East (1.7%) regions remain the least developed, with stock levels in these areas comparable to that of Chitila, a small town near Bucharest.

The report forecasts that Romania’s 2024 new supply will reach around 500,000 sq. m, with over half of these new developments located in Bucharest-Ilfov, the West, and South-Muntenia regions.

“The gap between Romania’s eight development regions, in terms of GDP share and foreign direct investment, is reflected in the uneven distribution of industrial and logistics spaces,” said Vlad Saftoiu, Head of Research at Cushman & Wakefield Echinox. “This sector has greatly contributed to the success of areas with strong business growth and foreign investments. However, without addressing these regional economic disparities, it will be challenging to see significant surges in new supply.”

Transactional activity remained strong, with companies leasing about 1.5 million sq. m of industrial and logistics space between 2023 and the first half of 2024. During the same period, over 520,000 sq. m of new space was constructed, driving the national vacancy rate down to below 5%, creating development opportunities in regions with less industrial infrastructure.

Bucharest-Ilfov led the leasing activity with 48% of the total volume over the last 18 months, followed by the West region with 20%, and the Center region with 10%.

The largest owners of industrial and logistics spaces in Romania are CTP and WDP, who together control nearly two-thirds of the market, with a combined portfolio of almost 5 million sq. m. However, other developers, including VGP, ELI Parks, Logicor, and Oresa Industra, are increasingly expanding their presence. Additionally, a number of new players have announced plans to enter the Romanian market, with these investments expected to materialize by late 2024 or early 2025.

The industrial and logistics sector continues to be a cornerstone of Romania’s economic infrastructure, with its growth closely tied to the performance of the country’s strongest regions and the influx of foreign investment.

CIJ Awards Czech Republic to spotlight residential excellence with dedicated jury for 2024

This year’s CIJ Awards Czech Republic will introduce a significant change, as the residential categories will be separated from the development categories, receiving their own dedicated jury committee. The residential awards will undergo a thorough evaluation process, including two comprehensive meetings, before a final independent vote by respected professionals from the residential sector.

Now celebrating its 24th year, the CIJ Awards Czech Republic, organized by CIJ EUROPE, has established itself as a benchmark for excellence in the real estate industry across Central and Eastern Europe. Known for recognizing exceptional quality, innovation, and leadership, the awards are highly regarded within the sector.

“We are excited to host the CIJ Awards Czech Republic 2024, an event that continues to highlight the incredible talent and innovation within the Czech real estate market,” said Robert Fletcher, CEO/Editor-in-Chief of CIJ EUROPE. “These awards celebrate the dedication and vision of the companies and individuals shaping the future of the industry, and we look forward to recognizing their outstanding contributions.”

The CIJ Awards Czech Republic 2024 Gala will be held on November 27th at the Prague Marriott Hotel, located in the heart of Prague, Czech Republic.

This year’s winners will be selected through a four-stage jury process. Three separate committees, representing services, development (office, retail, and warehousing), and residential, will evaluate the entries, with a final online vote conducted by CIJ readers to conclude the process.

Winners from each category will advance as nominees for the prestigious Best of the Best CIJ Hall of Fame (HOF) Awards, which will take place in Bucharest in May 2025 during the CEDER Conference & Exhibition. The Hall of Fame Awards marks the culmination of the CIJ Awards series, where the top projects and companies from across Central and Eastern Europe compete to determine who truly stands out as the “Best of the Best.”

Develia Launches Sales for Traugutta Vita Development in Wrocław

Develia has announced the launch of its latest residential project, Traugutta Vita, located in the revitalized district of Oławskie Przedmieście, Wrocław. The development will offer 83 units, including 48 residential flats and 35 investment premises, with prices starting at PLN 10,500 per square meter. Construction is set to begin in October 2024, with completion expected by the second quarter of 2026.

Traugutta Vita, situated in a historic area currently undergoing revitalization, will blend modern design with the district’s traditional architecture. The façade and walls, which will form part of the fence, are being revitalized under the guidance of a conservator to complement the historical character of the neighborhood.

The development includes 35 compact one- and two-room units for office or investment purposes, starting at 15 square meters, as well as 48 one-, two-, and three-room apartments ranging from 27 to 81 square meters. Many of the upper-floor units will feature balconies, while penthouse apartments will offer roof terraces. Ground-floor flats will come with private gardens, creating green spaces for relaxation.

Residents will benefit from modern amenities, including two elevators, an underground garage with 49 parking spaces, individual bicycle storage boxes, and personal storage rooms. The building is designed to be accessible for individuals with disabilities.

Joanna Macierzyńska, Sales Department Manager at Develia, emphasized the appeal of the development: “Traugutta Vita has been popular with customers from the outset. Its proximity to the Market Square ensures convenient access to central Wrocław, and the compact, modern units make it an attractive option for both homeowners and investors looking to rent or use the spaces for office purposes.”

Located just 2 km from Wrocław’s Market Square and close to public transport, the development is well-connected. Bus and tram stops are only 50 meters away, while the Main Railway Station is within 2 km. The surrounding area is home to numerous shops, restaurants, cafés, schools, and health centers, offering residents everything they need within easy reach.

Nature lovers will appreciate the nearby green areas along the Oława River and Low Meadows Park, both of which provide outdoor recreational opportunities such as playgrounds, running, and cycling paths.

Develia’s Traugutta Vita project promises to combine historical charm with modern living, further enhancing the appeal of the revitalized Oławskie Przedmieście district.

ATAL launches third phase of Żerniki Na Novo estate in Wrocław

ATAL is progressing with the third phase of its Żerniki Na Novo residential project in Wrocław, located on Berga Street. The new phase includes the sale of 292 apartments and 8 commercial units, contributing to the growing popularity of the Żerniki area as a prime residential location. The estate is part of the WuWA2 urban concept, inspired by the interwar model housing estate idea, and continues to attract residents seeking modern living spaces in a rapidly developing district.

“Żerniki has become one of Wrocław’s most desirable areas for individuals and families preferring new builds. It offers excellent access to recreational spaces, strong transport links, and fast-developing infrastructure. Our project aligns perfectly with the local government’s vision for the district’s spatial development, and we are proud to be part of it,” said Agnieszka Majkusiak, Sales Director at ATAL.

The apartments in the four new buildings range from 31 to 90 square meters, offering a variety of layouts from one to four rooms, catering to singles, couples, and families alike. Prices per square meter for developer-standard units start at PLN 11,200 and go up to PLN 14,000. Buyers can also opt for a turnkey finish with one of four design options from the ATAL Design package.

The architectural design of the new buildings reflects the classic style associated with the WuWA2 concept, blending modern elements with contrasting colors, wooden accents, and extensive glazing for a distinctive look. The development will feature high-quality materials and include carefully landscaped green spaces, benches, and communal relaxation areas. Intelligent lighting will enhance security while creating a welcoming atmosphere. Additionally, there will be special communal rooms for residents, such as a relaxation area and an art studio.

Since the project began in 2016, the surrounding area has experienced rapid growth, with numerous shops, services, restaurants, and a kindergarten now available. Nearby tram and bus stops offer convenient connections to the city center and other districts, while proximity to major roads like the AOW and A4 motorway ensures quick travel in all directions.

For nature lovers, the estate’s location is ideal, with the popular Glinianki swimming pool, allotments, Pilczycki Park, and Kuźnicki Forest just a short bike ride away. Sports and entertainment enthusiasts will appreciate the nearby Tarczyński Arena Wrocław, which hosts major events and features an ice rink during winter months. The area also boasts a rich recreational infrastructure, including a karting track and a pump track.

Families will benefit from the estate’s close proximity to educational institutions, with a kindergarten on-site and a primary school just minutes away by car. Looking ahead, the ongoing development of the Żerniki area includes planned upgrades to Kosmonautów Street, with new cycling paths and improved access to both the city center and surrounding areas. A tram line extension, complete with a new depot and a multifunctional sports center, is also in the pipeline.

With Żerniki Na Novo continuing to evolve, this latest phase promises to further enhance the appeal of one of Wrocław’s fastest-growing residential areas.

Czech competition authority raids Seznam.cz headquarters over suspected market abuse

The Office for the Protection of Competition (ÚOHS) has launched an unannounced investigation at the headquarters of Seznam.cz, one of the Czech Republic’s largest online companies, over suspicions of abusing its dominant market position. The surprise intervention began on Tuesday, as confirmed by ÚOHS spokesman Martin Švanda and Seznam.cz’s representative Aneta Kapuciánová.

“The Office is conducting a local inspection of Seznam.cz to investigate reasonable suspicion of anti-competitive behavior, specifically the abuse of a dominant position,” Švanda said. He clarified that the investigation does not automatically indicate wrongdoing by the company, nor does it mean that formal administrative proceedings have been initiated at this stage.

Seznam.cz, a major player in the Czech digital landscape, stated it is cooperating fully with the competition authority. “Although we have no information regarding the initiation of any official proceedings, we are providing full cooperation with the Office’s representatives,” said Kapuciánová.

The investigation comes on the heels of previous concerns raised by ÚOHS regarding Seznam’s operations in the Czech market. In September, the Office addressed an article published by Seznam Zprav, which had reported on alleged ties between ÚOHS leadership and a publication involved in public procurement reform. The authority expressed surprise at the timing of the article, given that the Ministry of Regional Development was preparing reforms under ÚOHS’ purview. In response, Seznam called the authority’s reaction “unacceptable” and rejected claims of media pressure or retaliation.

While the specifics of the current probe remain undisclosed, ÚOHS typically investigates serious breaches of competition law, such as cartel agreements or abuse of dominance. In early October, the authority also confirmed raids on several companies over cartel suspicions, with energy giant ČEZ later revealed to be among them.

Every year, ÚOHS conducts dozens of administrative proceedings related to competition issues, ranging from anti-competitive agreements to abuse of dominance. Last year alone, the authority issued 75 competition-related decisions and imposed fines amounting to CZK 268 million.

This latest investigation into Seznam.cz adds to a growing list of high-profile cases involving alleged anti-competitive practices, underscoring ÚOHS’ ongoing efforts to enforce competition law across Czech industries.

Source: ÚOHS and CTK

Fortaco Opens New Factory in Knurów, Strengthening Silesia’s Industrial Growth

Fortaco Group has officially opened its state-of-the-art production plant in Knurów, Silesia. The new factory, covering over 34,000 square meters, is set to employ around 200 people and enhance the company’s operations by streamlining logistics and consolidating production. Developed by Panattoni, the facility marks a significant investment in the region’s industrial landscape.

The grand opening event was attended by company officials, local authorities, business partners, and representatives from Panattoni. The ceremony underscored the project’s importance for both the local community and the broader regional economy. Fortaco, a leading European manufacturer of steel structures and welded cabins for the machinery and transportation sectors, aims to strengthen its market position with the new plant.

Aurelia Rachtan, Associate Development Director at Panattoni, highlighted Silesia’s strategic role in Europe’s reindustrialization. “For years, Panattoni has recognized the potential of Silesia, a region evolving from its industrial mining roots into a modern industrial hub. The Fortaco factory underscores Silesia’s rising prominence on Europe’s industrial map. We are proud to have been part of this project and hope this marks the start of a long-term collaboration with Fortaco.”

The facility is designed to support advanced production processes, with 38 cranes, each capable of lifting up to 10 tons, and specialized foundations to accommodate heavy machinery. Fortaco’s General Manager, Jarosław Szytow, emphasized the factory’s importance for the company’s future. “This new facility allows us to consolidate our operations, advance our technology, and meet growing market demands while staying committed to our sustainability goals.”

The factory adheres to the highest sustainability standards, with plans to achieve BREEAM certification at the Excellent level, ensuring its energy efficiency and environmental responsibility. The roof has been reinforced to support a future photovoltaic installation, and the site features extensive green spaces, including a flower meadow, relaxation area, and biodiversity-supporting birdhouses and insect hotels.

Strategically located in Knurów, the factory benefits from excellent connections to Silesia’s key industrial centers. Rachtan expressed gratitude for the local support, stating, “We are thankful to the Knurów City Office for their invaluable assistance in ensuring the smooth completion of this project and to our partner PGNiG for helping overcome technical challenges.”

The new Fortaco factory symbolizes the continued modernization of Silesia’s industrial landscape and Fortaco’s commitment to sustainable, innovative manufacturing.

Redkom Development completes sale of Ozimska Park retail scheme in Opole

Redkom Development has successfully sold Ozimska Park, a retail park boasting 17,000 square meters of gross leasable area (GLA), which was completed in November 2023. The new owner, Newgate Investment, is actively expanding its portfolio of retail properties, which now includes 33 projects across various Polish cities.

This marks the third retail property transaction for Redkom Development in 2024. Earlier this year, the company sold Park Glinianka, a facility with over 10,000 square meters of GLA, located in Łubna near Warsaw, which opened in March 2023. The park, now known as BIG Łubna, has been added to the BIG Poland group’s portfolio. Additionally, Redkom Development has sold another retail park currently under construction in Bielsko-Biała, Comfy Park Bielsko, which will also feature over 17,000 square meters of GLA upon its anticipated opening later this year.

Łukasz Komierowski, CEO of Redkom Development, expressed pride in the transformation represented by Ozimska Park. “As an active developer, Redkom is dedicated to creating unique and substantial retail parks. Ozimska Park aligns with our strategy not only in scale but also in environmental protection and urban integration. It exemplifies the successful conversion of an outdated retail facility into a modern retail park. In 2023, we delivered 27,000 square meters of GLA, and with Park Bielik in Bielsko-Biała set to open this year, we will total around 45,000 square meters of GLA over these two years. We are pleased that another facility from our portfolio has found a home with Newgate Investment, ensuring that our tenants and their businesses remain with a capable and attentive partner for years to come.”

Krystian Modrzejewski, Chief Investment Officer at Newgate Investment, highlighted the significance of acquiring Ozimska Park. “This is another prime commercial property we are adding to our portfolio. Ozimska Park in Opole houses shops from well-known brands that local residents cannot find anywhere else in the city or the surrounding region, including Woolworth, Dealz, and Jula supermarket. Our facilities provide significant value to the city and its residents, as well as for tenants and investors by offering an exceptional retail and service experience.”

Recognized for its architectural design, Ozimska Park was awarded in the European Property Awards 2023 in the Commercial Renovation/Redevelopment category for Poland. The development, which involved the redevelopment of the former Galeria Ozimska adjacent to a Tesco store, is noted for its environmental sustainability, helping to reduce its carbon footprint.

The retail park accommodates 28 outlets, including a Kaufland grocery store, and features a secure rest and entertainment area with restaurants, benches, and trampolines. Its unique tenant mix, free parking for nearly 500 vehicles, and an electric vehicle charging station have quickly established Ozimska Park as a popular shopping destination in Opole.

Tenant List:
Kaufland, Przyjazna Apteka, TEDi, Rossmann, Pepco, Sinsay, Inmedio, Itaka, Kodano Optyk, Piekarnia Hert, Vive Profit, Media Expert, Xtreme Fitness Gyms, Żabka, Euronet, InPost, Orange, and restaurants including Kuchenne Klimaty, Sphinx, and Popolo Pizza&Pasta. Unique to Ozimska Park in Opole are: Woolworth, Dealz, Verona, Jula, Carry, Tilia, and NKD.

Kassák Terrace marks completion of LIVING’s Kassák project in Budapest

LIVING has announced the successful completion of Kassák Terrace, the third and final phase of its Kassák Project in District 13, which has received its final use permit ahead of schedule. Located at the intersection of Klapka utca and Kassák Lajos utca, just a short distance from Váci út, the residential park features 246 apartments, all boasting an A+ energy rating and advanced energy solutions aimed at maximizing cost-effectiveness. Sales of the apartments are currently underway.

As one of Hungary’s leading residential developers, LIVING, a subsidiary of WING, previously launched the Kassák Project with the completion of the first phase, Kassák Residence, in 2020. This was followed by the second phase, Kassák Passage, which was finished in late 2022. With the successful launch of Kassák Terrace, the Kassák Project is now fully realized.

Kassák Terrace offers a diverse range of living spaces, including practical studio apartments and expansive six-room penthouses, all designed with efficient floor plans and panoramic views. Notably, 21 units provide direct access to private gardens. The development includes a state-of-the-art underground parking garage with 259 spaces, 190 of which are equipped with electric vehicle chargers.

The strategic location of Kassák Terrace offers residents convenient access to Váci út, ensuring excellent infrastructure and a wide variety of nearby services. Despite its proximity to bustling downtown Budapest, the development maintains a tranquil atmosphere, appealing to those who enjoy an active lifestyle. Nearby attractions such as Margaret Island, the Danube, and the revitalized City Park are easily accessible.

“We are delighted to announce that Kassák Terrace has received its final use permit ahead of schedule. At LIVING, our priority is to develop properties that meet the diverse needs of residents. With the completion of Kassák Terrace, we have successfully added 250 high-quality apartments focused on sustainability,” said Tibor Tatár, Deputy CEO of WING’s residential and office development sectors in Hungary. “The positive market feedback and strong sales pace demonstrate that LIVING’s commitment to sustainable apartments with quality services continues to resonate with buyers.”

Kassák Terrace is designed with energy efficiency in mind, featuring surface heating and cooling systems, heat pumps, and high technical standards. Its triple-glazed plastic windows and doors enhance sound and thermal insulation, significantly reducing annual heating and cooling expenses compared to traditional housing.

LIVING is dedicated to creating residential environments that enhance the quality of life for residents. The Kassák Project incorporates a total green space of 3,295 square meters, providing a natural and serene environment for inhabitants. Additionally, a contiguous inner courtyard spanning 4,518 square meters was developed throughout all three phases of the project.

In line with LIVING’s vision, Kassák Terrace offers innovative community services and smart home solutions designed to simplify residents’ lives. These features include:

• Community Services: Residents can access a variety of community services, fostering a vibrant and cohesive living environment.
• Smart Home Solutions: The development integrates cutting-edge technology from the design phase, offering modern smart appliances. Homeowners can choose from three basic packages included in the price and can customize their homes with an expanded range of options. LIVING’s mobile app allows residents to manage their smart home appliances and community services, such as adjusting temperatures and booking shared spaces for events.

Obermeyer Helika leads revitalization of Prague’s Quadrio shopping centre

The Quadrio shopping centre in Prague 1 has recently completed a comprehensive revitalization project, which included enhancing the entrance from the Národní třída metro station, expanding the gastronomic zone, and modernizing the air conditioning system. The design and construction consulting firm Obermeyer Helika served as the general designer, overseeing project documentation and author supervision. Notably, the construction was executed while the centre remained fully operational, with all public areas now accessible to visitors.

“This project presented significant technical challenges, particularly due to the necessity of keeping the building functional throughout the construction modifications,” explained Ing. Martin Schejbal, senior project engineer at Obermeyer Helika. “Coordinating work in the fully utilized installation shafts and timing the ventilation system replacement required meticulous planning.” Schejbal highlighted the innovative use of custom-made one-meter-long core drill bits for drilling in tight spaces and the relocation of 2.5-tonne dry coolers on the roof for new fan installations.

In response to the increasing demand for quality fast food, the revitalization has introduced two new gastronomic units within the food court. Additionally, the public arcade in the Delmart and Vapiano area has been expanded, utilizing high-quality premium materials to enhance the interior design and detail.

To meet the heightened demands of the new establishments, the air handling system has been significantly upgraded. The existing exhaust air extraction system was enhanced, ensuring optimal indoor climate control throughout the arcade. The previous exhaust fan, capable of extracting 35,500 cubic meters per hour, has been replaced with five new fans. This upgrade involved the challenging task of moving two 2,500 kg dry coolers on the roof. “This project required meticulous preparation and detailed scheduling, with each step coordinated to the minute,” Schejbal noted, adding that the improvements have led to substantial energy savings.

Furthermore, the entrance area from the Národní metro station lobby has undergone a complete transformation, with three new, larger modern carousel doors replacing the existing two. This upgrade ensures a smoother passage for visitors entering the shopping centre.

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