ECE and WestImmo agree financing of large-scale project

Hungary - The construction works for the shopping center “Árkád” in the South Hungarian city Szeged are making fast progress: on Tuesday, August 24, 2010, ECE laid the foundation stone for the new inner-city shopping gallery in the presence of numerous city officials. Moreover, ECE...
Wednesday, 25. August 2010

Uneven retail investment market recovery in CEE

Poland - Retail investment activity in Central and Eastern Europe (CEE) totalled around €630 million in the first half (H1) of 2010, a 190% increase compared to the same period last year. CEE retail investment activity has remained concentrated in Central Europe in H1 2010, with...
Wednesday, 25. August 2010
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Deal velocity up 15% in Europe

Poland - Jones Lang LaSalle presents its second edition of its new series of papers on the core investment markets of CEE (Czech Republic, Hungary, Poland and Romania). The second edition highlights the continued stabilization and recovery of the investment markets.
Monday, 23. August 2010

EMEA Region gains momentum in global office rental market

Europe - The Europe, Middle East and Africa (EMEA) region has gained momentum in the office rental rebound in the past quarter, now closely trailing the Asia Pacific region, which leads the global recovery in this sector. According...
Monday, 23. August 2010

Optimistic forecast for EMEA hotels investment market

Russia - The first half of 2010 has demonstrated that the EMEA hotel investment market is starting to pick up, with growth expected to accelerate even more in the second half of 2010 according to Jones Lang LaSalle Hotels. Transaction volume rose marginally to €1.6 billion at the...
Wednesday, 18. August 2010

Vacancy rates have likely reached their peak, the market is nearing equilibrium

Hungary - Following the difficulties of 2009, experience so far this year indicates that the crisis is far from over in Hungary’s office market, with the trends largely unchanged from those seen in late 2009. Total office stock...
Friday, 06. August 2010

Stabilization on the industrial market

Hungary - If 2008 was a year of records and 2009 the year of adapting in the Budapest industrial real estate market, then 2010 can so far be considered the year of stabilization. In terms of supply - which is in a declining trend -, leases and investments the market in the first...
Monday, 02. August 2010

Confidence towards market and investor interest returning

Hungary - With the economy officially out of recession since the fourth quarter of 2009, real estate investor interest has also picked up, although investment volume has remained well below the level of recent years. The Hungarian...
Wednesday, 28. July 2010

European rental outlook improves on the back of increased demand and emerging shortage of supply

Hungary - European office rental growth picked up in Q2 2010 with prime rents increasing by an average of 1%, up from 0.4% in Q1. This represents a significant turnaround from the...
Tuesday, 27. July 2010

Pre-lease agreement in Office Garden II

Hungary - Syngenta is the newest tenant in Office Garden office park. The transaction was conducted in the form of tenant representation, with pre-lease agreement.
Friday, 23. July 2010

Cautiuos optimism on the retail market

Hungary - By the first half of 2010, retailers are expressing cautious optimism in the market, based on the latest report by Colliers International. Rents have stabilized, mainly the tenants have the upper hand in terms of lease negotiations; apart from closings, there were also...
Thursday, 22. July 2010

Second quarter data show small reductions in prime yields across all sectors

EMEA - Prime rents and yields across key European markets remained broadly stable in the second quarter (Q2) of 2010, according to CB Richard Ellis’ latest EMEA Rents and Yields Indices. Evidence of rental improvement was most...
Monday, 19. July 2010

The holiday voucher remains the major driver of domestic tourism

Hungary - The Hungarian hotel market continued to feel the negative effects of the economic crisis in the first half of 2010, although there were signs of improvement compared to the lows of 2009, the worst year in a decade....
Friday, 16. July 2010

CEE real estate investment market grows to €1.7bn in first half of 2010

Poland - Central and Eastern European (CEE) commercial real estate investment turnover reached €1.7 billion in the first half (H1) of 2010, a 190% increase compared to activity levels recorded in H1 2009, according to the latest...
Friday, 16. July 2010

Ericsson is moving to new Headquarters

Hungary - Népliget Center was chosen as the new Headquarters of Ericsson with the assistance of Jones Lang LaSalle’s Tenant Representation division. Ericsson`s Laborc street operations will move to the B building of Népliget Center on the 1st of February, while Ericsson R&D Center...
Thursday, 15. July 2010
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