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TriGranit and Revetas Capital have officially obtained the occupancy permit for the second phase of Millennium Gardens. This achievement represents a noteworthy milestone in the development of Budapest's sustainable office landscape.
CTP has signed a long-term lease agreement for 5,590 sqm of multifunctional space at the CTPark Budapest Ecser logistics park with Vilnius-based FL Technics, a global provider of aircraft maintenance, repair, and overhaul (MRO) services. The substantial logistics rental property also includes 270 sqm of office space and a ser...
IWG is expanding its portfolio in Hungary with three new openings, as the demand for hybrid working rapidly accelerates. Adding over 3,000 m² to its footprint, all three locations by IWG are delivered in partnership with the building owners who have chosen the IWG flexible workspace platform and have entered into a management...
VGP to announce the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm.
pbb Deutsche Pfandbriefbank has provided a €120mn investment loan facility to a Logistics Fund, managed by GLP Capital Partners. The fund will utilise the proceeds for the refinancing of the development of a logistics portfolio in the Czech Republic, Poland and Hungary. pbb acted as arranger and sole lender under the facility.
According to the plans, the nearly 16,500 sqm Grade “A” category, light industrial and logistics facility, Faedra22 was handed over in Budapest during the summer of 2023.
Skanska has sold the first phase of its H2Offices complex in Budapest to Erste Open-Ended Real Estate Investment Fund, represented by Erste Alapkezelő Zrt. This is the third acquisition that the purchaser has made from Skanska Hungary, after acquiring Nordic Light in 2016 and Mill Park in 2018.
Atenor has sold the iconic RoseVille office building located in Budapest. This transaction is a significant achievement in the company’s operational plan and a major milestone in the Budapest investment market for the year 2023.
Velis Real Estate Tech, one of the fastest-growing PropTech SaaS companies in Europe, has established a partnership with AmRest, the leading European multi brand restaurant operator that manages first class brands such as, KFC, Starbucks, Pizza Hut, and Burger King. The company has implemented the Singu FM system in the Czech...
CA Immo has successfully signed a 10-year lease agreement with an internationally operating Hungarian company for approx. 8,000 m² in the Budapest office building Millennium Tower I. The building, which has 19,000 m² of rental space, is part of the centrally located Millennium Towers office complex directly on the banks of th...
Limehome is opening 45 new units near Budapest's International East Railway Station. This marks the Munich-based hospitality company's debut in the Hungarian market. The spacious apartments are available to guests with immediate effect. In the current year, the hospitality tech startup aims to expand into other new markets.
W Hotels Worldwide, part of Marriott Bonvoy’s global portfolio of 31 extraordinary hotel brands, yesterday announced the highly anticipated debut of W Budapest, marking the brand’s first opening in Hungary. Housed in the historic Drechsler Palace, previously home to the Institute of Ballet, W Budapest is set to become an evol...
IWG expands its Hungarian portfolio with four new openings, adding a total area of 5,944 m² to its footprint. The openings are being delivered in partnerships with different locations that have chosen the IWG flexible workspace platform and have entered into a management agreement with the Regus and HQ brands.
According to Savills latest European Logistics Outlook, industrial investment volumes, which totalled €5.1bn, declined by 49% QoQ and by 73% compared to Q1 2022, which was notably a record high. Compared to the same period last year on a country-by-country, The Czech Republic (-3%), Ireland (-29%) and Portugal (-45%) recorded...