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» Chronological View: " Hungary " «

Colliers appoints Ágnes Szentpály new Head of Property Management

Colliers appoints Ágnes Szentpály new Head of Property Management

Ágnes Szentpály has been appointed the new Head of Property Management for Colliers in Hungary from November 2 this year. She will focus specifically on business development and on managing the existing portfolio, while the current MDs, Balázs Györke and József Mózes, will focus more on project management and facility managem...
Friday, 13. October 2017

CTP acquires ex-Nokia factory in Komárom

In the recent weeks CTP acquired ex-Nokia building in Komárom. The 52,771 m² property is located on a 137,001 m² site in Komárom Industrial Park. The property was purpose built in three phases between 1999 and 2004 and was designed by Nokia for their specific use and requirements. The whole site comprises three main buildings...
Thursday, 12. October 2017
Global Banking Corporate signes new lease in City Gate office building in Budapest

Global Banking Corporate signes new lease in City Gate office building in Budapest

Global Banking Corporate, represented by Cushman & Wakefield, when acquiring space in the currently refurbished City Gate office building owned by CA Immo. The new Tenant is planning to occupy its new premises in October 2017. By setting up its new branch, the company will be accommodated in two major locations in Budapest pr...
Wednesday, 11. October 2017

Understanding Budapest’s over- supply myth

Despite record low vacancy levels in Budapest and an increasingly landlord-friendly leasing environment, industry commentators have warned of an imminent oversupply around the corner, there is no need to panic just yet– suggests Orsolya Hegedus and Mike Edwards at Cushman & Wakefield.
Friday, 6. October 2017
Aréna Plaza changes hands

Aréna Plaza changes hands

NEPI Rockcastle has bought Aréna Pláza for €275 million from a consortium of private owners advised by CBRE Hungary. Aréna Pláza, the second largest retail centre in Budapest formerly owned by Symmetry Arena Ingatlankezelő Kft. has become part of NEPI Rockastle’s portfolio for €275 million (HUF 85 billion).
Thursday, 28. September 2017
Michael Smithing returnes to the Office Agency Team at Colliers International

Michael Smithing returnes to the Office Agency Team at Colliers International

Michael Smithing has returned to the Office Agency Team of Colliers International Hungary as Director of Landlord Representation, effective immediately. Michael Smithing has almost 25 years of experience in Hungarian real estate. He joined Colliers as an office agent in 1993, and served as Managing Director from 2001 through ...
Monday, 14. August 2017

Cushman & Wakefield appoints Byron Tudor to lead its PSC in Budapest

Cushman & Wakefield has appointed the former Head of Transactions at Goldman Sachs International to lead its Portfolio Services Centre (PSC) in Budapest. Byron Tudor joins from Goldman Sachs International’s Corporate Services and Real Estate Division where he spent the last 10 years, including the last five as Head of Transac...
Friday, 11. August 2017

Budapest leads the way as hotel profit grows across Europe

Hotels in Europe recorded a 3.6% increase in GOPPAR this month, with hotels in Budapest leading the way with a 27.1% year-on-year increase in profit per room, according to the latest worldwide poll of full-service hotels from HotStats. A 0.4 percentage point year-on-year decline in room occupancy at hotels in Europe in June, ...
Monday, 7. August 2017
Europa Capital sells its Budapest office portfolio to KGAL

Europa Capital sells its Budapest office portfolio to KGAL

Europa Capital has concluded the sale of the Kalvin Portfolio, Budapest. The Kalvin Portfolio comprises two City Centre office buildings in Budapest with a total floor area of approximately 26,000 sq. metres. KGAL acquired the Kalvin Square and CityZen assets on behalf of institutional investors. The combined price for the po...
Thursday, 3. August 2017
Union Investment sells an office property in Budapest to the Erste Real Estate Fund

Union Investment sells an office property in Budapest to the Erste Real Estate Fund

Union Investment has sold the 18,000 sqm office property Krisztina Palace in Budapest. The property is situated in the Buda district, close to the major underground station Déli Pályaudvar, was acquired in 2008 as a development project and has been part of the portfolio of the open-end real estate fund Unilmmo: Global ever si...
Wednesday, 26. July 2017

Strabag renovates historic building

The construction company Strabag has been chosen to renovate Budapest's historic Eiffel Hall on behalf of the Hungarian State Opera. The building from the year 1886, which measures 220 m in length and 110 m in width, will be used as an art centre for classical music. The contract value is divided into a fixed portion of €28 m...
Monday, 24. July 2017

TREI Real Estate sells 40 Spar supermarkets to Erste Asset Management

The completion of the largest Hungarian retail portfolio transaction in 2017 happened on the last day of the first half year. TREI Real Estate, the property estate arm of the German Tengelmann Group, sold a portfolio of 40 Spar leased supermarkets to Erste Asset Management. Colliers International supported TREI Real Estate on...
Tuesday, 18. July 2017

Park Inn by Radisson Hotel & Spa opens in Zalakaros

Park Inn by Radisson adds Park Inn by Radisson Hotel & Spa Zalakaros in Hungary. The 236-room property and spa is Carlson Rezidor's fourth hotel in Hungary, strengthening the group's presence in South-Eastern Europe. The new Park Inn by Radisson Hotel & Spa Zalakaros is situated next to the famous Gránit Thermal and Medical B...
Tuesday, 4. July 2017

CBRE is a key partner of the M7 CEREF I fund in Hungary

After entering the Hungarian market in 2016, M7 Real Estate has chosen the Budapest office of CBRE to manage the entire Hungarian real estate portfolio within the M7 CEREF I Fund. M7’s Central European Real Estate Fund I acquired two retail centres, the Atom Centre in Paks and Csillagvár Shopping Centre in Budapest, together ...
Tuesday, 4. July 2017
TriGranit makes new appointments in several fields of its operation

TriGranit makes new appointments in several fields of its operation

TriGranit announced organizational changes in several fields of its operation. János Görföl, earlier Chief Construction Officer is appointed to Chief Construction & Development Officer. In his new position, he will be responsible for all TriGranit developments and supervising the construction processes in all TriGranit countr...
Tuesday, 4. July 2017

H2 Hotels goes Budapest

H-Hotels further expands its design brand H2 Hotel. By 2019 the trademark will be represented at seven locations. As of summer 2019 the first H2 Hotel will open outside of the German market. In Hungary's capital Budapest (Arany János Str. 21/Sas Utca. 24, H-1051 Budapest), the new seven-storey hotel will provide 158 guestroom...
Friday, 30. June 2017
Mentor Graphics renews and expands at Infopark D in Budapest

Mentor Graphics renews and expands at Infopark D in Budapest

Mentor Graphics has closed a long-term lease agreement renewing their existing 837 sq m office and expanding by another 370 sq m at Infopark D office building in Budapest. Mentor Graphics has been located at Infopark D since 2009. After refurbishment, the company plans to occupy the new office area by the end of 2017. Assiste...
Friday, 30. June 2017