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Office Market News

Belgrade's office vacancy rate at 5.4% in Q4

BELGRADE (Serbia), February 20 (SeeNews) - The office space vacancy rate in Belgrade stood at 5.4% in the fourth quarter of 2017, slightly lower than 5.6% recorded in the previous quarter, real estate consultancy Jones Lang LaSalle (JLL) has said. The vacancy rate in Class A office buildings dropped slightly and stood ad 4.9%, while in Class B office buildings it increased to 5.9%, JLL said in a Belgrade Office Market Q4 2017 report published on Monday.` During the last quarter of 2017, new supply slowed down and no new office buildings were delivered to the market. During the year, the overall stock increased by 6%, which is slightly lower than the recorded activity in 2016, JLL noted. However, the second half of the year was marked by the delivery of the first phase of Sirius Offices by ErsteGroup Immorent, totalling over 14,500 square metres in New Belgrade. The company also announced the construction of the second phase of the project, which will spread over 10,000 square metres. Positive market trends, including the growing construction activity, are expected to continue in the upcoming period. The majority of construction activity will remain focused in Belgrade, yet growing interest from developers for major secondary cities has been noted as well, JLL said. MPC has announced the construction of Usce Tower 2. The project is announced for completion in 2019 and will add 22,000 square metres of modern office space. GTC has presented its new office project, GTC X which will spread over 17,000 square metres. Furthermore, AFI Europe has presented another landmark project, Skyline Belgrade, totalling over 68,000 square metres out of which around 30,000 square metres will be office space. In late 2017, prime office rents in Belgrade slightly dropped and as of the last quarter of the year they ranged from 15 euro ($18.5) to 16.5 euro per square metre monthly. Rental levels for Class B office premises in New Belgrade remain stable, ranging between 10 and 13 euro per square metre monthly and 10 to 12 euro in the city centre, according to the report. - See more at: https://seenews.com/news/belgrades-office-vacancy-rate-at-54-in-q4-602397#sthash.gvRKVbY3.dpuf

BUSINESS PREMISES, HOTEL AND VIDIKOVAC See what the former "BEOBANKE"

The building of the former "Beobanka" on Zeleni venac was sold in November 2016 for 4.25 million euros, and according to the latest project "Štatverka", the first energy efficient building with green facades in Serbia will be located office space, but also apart-hotel .

Spanish developer sells houses on Amazon

Managing Partner at ONLINE REAL ASSETS - Digital Real Estate Company This is a first for the global commerce giant: Online real estate sales at Amazon.es. The Spanish developer Altamira has put up for sale about a hundred houses and apartments in Madrid, Barcelona and on the Mediterranean coast. The site allows the direct connection with a seller, but not yet the online purchase of the house. The proponent states that the first sales have already been made. Altamira AM is a real estate company, a subsidiary of the US investment fund Apollo. Its wealth in Spain is over 50 billion euros. This initiative is clearly the first step in a plan to rapidly increase the proponent's online real estate sales. Amazon.es is more shy about other real estate ads, as they are only present through links to the Trovit and Holapisos ad sites. We know that Amazon, like other Gafa, is very interested in real estate: tests were conducted in the United States in 2017. This Spanish initiative is probably in a much more ambitious vision for real estate.

There are new homes in Šiška

Ljubljana - Around 7,000 square meters of land between Rakuševa Street and the Road of the Ljubljana Brigade, where the Chinese Wall Restaurant once stood, was bought by the Slovak company Corwin from DUTB.

Office-residential complex K Distrikt in Dorcol worth EUR 200 million – Works in former Beko plant location to start in 2018

The project K Distrikt, an office-residential complex in the location of the former Beko plant, was presented in Dorcol on February 12

Cofinimmo has a new CEO, Jean-Pierre Hanin (BE)

Cofinimmo has appointed Jean-Pierre Hanin as their new Chief Executive Officer and Managing Director of the group, following the departure of Jean-Edouard Carbonnelle later this year

Serbia's EPS to invest 7.6 mln euro in substation in Belgrade

BELGRADE (Serbia) - Power utility Elektroprivreda Srbije (EPS) plans to invest 900 million dinars ($9.5 million/7.6 million euro) in the construction of a power substation to ensure safe electricity supply to real estate complex Belgrade Waterfront, a senior company official said. - See more at: https://seenews.com/news/serbias-eps-to-invest-76-mln-euro-in-substation-in-belgrade-600624#sthash.ZzAib8Na.dpuf

How to Make Drones a Powerful Tool for the Real Estate Market

Twenty years ago, real estate developers used to consider the aerial photographs and videos as the only possibility (beside simulations) to give them and their clients a fabulous insight about the project’s features or failures. Pricey, hard to get and hard to process, photographing and filming “from above” was done with the aid of helicopters or taller buildings in the neighbourhood.

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