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Office Market News

Strong start for European commercial real estate investment market in 2014

Hungary is expected to attract EUR 250 million already in H1 2014 Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE.

Office development possibilities in Zagreb and Belgrade

Zagreb and Belgrade are generally viewed as offering office development possibilities despite being at different points in the development cycle. Belgrade has close to zero vacancy with limited stock while Zagreb has high vacancy and an “overheated” office market. Development opportunities are anticipated with an economic upturn in the Croatian economy in the next 2-3 years.

EU Commissioner Johannes Hahn opens GREET Vienna 2014

GREET Vienna is the venue for international real estate with a special focus on projects and investments in Central, Eastern and South Eastern Europe, including Russia, Turkey and CIS. GREET Vienna, now in its second round, is fast approaching. The conference will be held at Palais Niederösterreich in downtown Vienna on 19 and 20 May 2014.

Construction of Radisson Blu Hotel in Belgrade nearing its end

Belgrade will soon get one more modern hotel, Radisson Blu Old Mill, with a business tower, as its construction is in the final phase.

GTC soon starts construction of Fortyone business complex in New Belgrade

GTC plans to start building a business complex in New Belgrade's Block 41 this June. Comprised of several facilities, this complex under the name of Fortyone will be situated in the southern part of the intersection of Milutina Milankovica Boulevard and Umetnosti Boulevard.

Deka starts construction of residential and business complex in Block 67a in New Belgrade - First phase to complete by April 2015

It's been a while since one could see more construction workers in the vicinity of Delta City Shopping Center than this spring. Two large construction sites in New Belgrade's Block 67a came to life last month - aside from Neimar V, construction works were also commenced by Deka inzenjering.

Office building at Tošin Bunar street, New Belgrade

This office project was initially presented in 2008, but due to financial crisis it was delayed until late 2013.

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

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Mara Todorovic

+381 64 983 9266


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