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» Chronological View: " Hungary " «

Offices & Logistics are the engines of growth in European real estate

Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report. The European sector, however, was more subdued.
Wednesday, 30. January 2019

AEW’s Europe City Retail fund makes first acquisition in Hungary for c. €18m

AEW has entered the Hungarian market by acquiring 3 Vörösmarty Square in Budapest, a prime, retail-led asset, on behalf of the Europe City Retail fund for c. €18m. With the acquisition of the former Luxus department store, AEW has gained ownership of one of the most significant and well-positioned retail sites in central Buda...
Wednesday, 30. January 2019

Blackstone backs Värde's new luxury hotel brand with €337m debt financing

Blackstone Real Estate Debt Strategies has provided a €337m loan to a The Dedica Anthology hotel group, a European portfolio of nine luxury hotels located in Italy, France, Hungary and the Czech Republic, owned by Värde Partners. According to JLL the transaction represents one of the largest bond issuances by an alternative d...
Friday, 7. December 2018

GTC White House achieves the highest Platinum Certification level

GTC’s latest development GTC White House has achieved the highest Platinum Certification level under the LEED for Building Design and Construction rating scheme. This is the second office building to be awarded the prestigious highest level certification in Budapest. The certification process was advised by Colliers Internati...
Wednesday, 5. December 2018

Radisson announced third hotel in Budapest

The Radisson Hotel Group to announce the signing of a new property to Radisson Collection in Budapest. The Radisson Collection Basilica, Budapest is located on St. Stephen's Square and comprises 71 guest rooms and suites, a first-class fitness center, restaurant, lobby bar and a further rooftop bar - supplying sublime views o...
Friday, 30. November 2018

Futureal begins construction of Etele Plaza shopping centre 

Futureal Group has celebrated the launch of its €300m Etele Plaza’s construction with a foundation stone laying ceremony. The project, with a gross area of 137,000m², combining digital services and architectural solutions unique in Hungary, will be built in the immediate vicinity of Etele square, the largest multimodal transp...
Monday, 19. November 2018

CPI Property Group unveils plans for shopping mall redevelopments

CPI Property Group has unveiled its new plans and projects at the international retail real estate event MAPIC held at Cannes’ famous Palais des Festivals. The Group’s announced plans include a refurbishment of the Campona shopping centre in Budapest, extensions to shopping malls Královo Pole in Brno and Olympia in Pilsen, an...
Wednesday, 14. November 2018

Wigan Acquisitions adds to portfolio with Budapest office and retail building

Wigan Acquisitions, has partnered with a Hong Kong private investment fund to purchase the K6 building in Astoria, a landmark area of downtown Budapest. The building was previously the post-modern headquarters of the state-owned Hungarian Art Gallery until 2006, when it was fully renovated and now extends to 1,400 sq m of ret...
Tuesday, 9. October 2018

Norges and Prologis sells 37 logistics assets to Mapletree

The partnership between Norges Bank Real Estate Management and Prologis has sold 37 logistics properties located in Seattle, Chicago, Dallas, New Jersey, South Florida, France, Poland, Hungary and the Netherlands to Singapore-based Mapletree. The agreements were signed on 16 May 2018, and the transaction was completed on 1 Oc...
Wednesday, 3. October 2018

M7 RE sells Budapest and Prague industrial parks for c. €24 million

M7 Real Estate has recently sold three assets on behalf of M7 Central European Real Estate Fund I (M7 CEREF I). The Innovations Business Park in Budapest, as well as the Sanitas Industrial Park and Uhrineves Industrial Park, both located in Prague, were sold for a total of circa €24 million, delivering investors a strong incr...
Tuesday, 25. September 2018

NEPI Rockcastle acquires stake in Mammut shopping center for €254 million

NEPI Rockcastle acquired a 100% stake in the Mammut 2 and a 81% stake in Mammut 1, which jointly form the Mammut shopping center in Budapest, from Lone Star for €254 million. With this transaction, NEPI Rockcastle becomes the owner of two shopping malls in Budapest, following last year’s purchase of Aréna Plaza. The investmen...
Tuesday, 18. September 2018

pbb provides several medium term credit facilities

pbb Deutsche Pfandbriefbank provided a facility of €68 million to ECE for the refinancing of Arkad Szeged shopping center. In addition, the company provided an investment facility of €43 million to the open-ended fund ČS nemovitostni fond for the acquisition of Proximo 2 office building in Warsaw and a mediumterm facility fo...
Monday, 17. September 2018

European logistics yield falls below 6% for first time on record

The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

Skanska sells Mill Park to Erste Real Estate Fund

Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt. – one of the subsidiaries of Erste Asset Management GmbH. This is the second acquisition from Skanska in Budapest that the purchaser has made following the Nordic Light transaction in 2016.
Thursday, 16. August 2018

CBRE to manage commercial properties in Budapest

Early in 2018, CBRE won the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The real estate advisor’s Budapest office now manages 600,000 sqm of portfolio in Hungary. This year CBRE’s commercial management portfolio was further extended when CPI Property Group appointe...
Thursday, 3. May 2018

Warimpex purchases B52 in Budapest from CCE Investment

Warimpex Finanz- und Beteiligungs AG is pleased to announce the purchase of the B52 Office building in Budapest for an undisclosed price. The transaction was signed on 20 April 2018 and will be closed before the end of the second quarter. The seller is CCE Investment Kft., the investment arm of the prominent real estate inves...
Tuesday, 24. April 2018