Coffee with Craig Show – daily CRE news covering the CEE region, with Publisher Craig Smith and Winston Norman, Editor and Chief of EuropaProperty.com.
PKV expands into new offices by CTP in Brno
CTP has signed a lease agreement with PKV BUILD, a leading player in energy consulting. The leased premises are currently being built by CTP at its Vlněna office complex in Brno, Czech Republic.
Jiří Pech, CEO of PKV, explained: “The location in the city centre is conducive to sustainable transport. The new space allows our PKV group to continue to grow. Growth in turn will allow us to meet the demand for reducing our carbon footprint and moving towards energy independence for businesses and communities of energy transition.”
The 61-metre-high building with a glass sawtooth facade is being built on the site of a former Brno brownfield. The investment in the building is around €23.5 million. Completion is foreseen by the end of 2024.
Existing office stock is increasingly sought in Bucharest
Existing office buildings will be increasingly sought after by companies due to a lacklustre development pipeline in Bucharest. Contract extensions of companies in existing office buildings soared by 131% year-on-year by the end of 2023, according to data by Fortim Trusted Advisors.
“In terms of demand for office space, in the last five years, large companies have been looking first at office buildings under construction or in the process of delivery, to have the latest on the market in terms of technology, quality in construction and facilities. However, as deliveries of new spaces drop sharply, to 84%, competition for Premium tenants is reopened in the segment of second or third-generation buildings,” says Costin Nistor, Managing Director of Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
Galeria Echo introduces new urban food zone
Galeria Echo in Kielce, owned by EPP, has completed the modernization of its food court. The new space called FOOD Street, was designed by the company’s architects in cooperation with a local graphic designer from Kielce.
“An important place in every shopping centre is the food court. The food court has not only restaurant functions but also social and integration functions. That’s why we decided to refresh the arrangement of this zone in Galeria Echo,” says Jakub Ociepka, Asset Manager at EPP.
The food zone in Galeria Echo in Kielce includes almost 20 restaurants and cafes serving a wide range of food offerings.
Galeria Echo in Kielce, the largest shopping centre in the Świętokrzyskie region, is one of the key properties in EPP’s portfolio.
Avison Young strikes strategic affiliation in Croatia
Avison Young announced a strategic affiliation with a team of experienced local professionals in Croatia. The Croatian commercial real estate market offers investors unique opportunities with a diverse, robust and rapidly growing economy, continued strong demand for tourism and hospitality, and a blend of historic and modern urban development with an emphasis on sustainability.
Klara Matić, Principal and Managing Director of AY Croatia said: “Our local insight combined with Avison Young’s global reach will deliver real economic, social and environmental value to our clients and the communities they serve.”
Mark Rose, CEO of Avison Young, expressed his excitement about the expansion: “Joining forces with this talented team in Croatia strengthens AY’s global presence and enhances our ability to deliver exceptional results for our clients.”
