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» Chronological View: " Hungary " «

Atrium sells 19 assets for €70 million

Atrium European Real Estate Limited has sold 18 assets in Hungary and one in the Czech Republic for a combined price of €70 million, representing an 8% premium to the book value as at 30 September 2017. The disposals form part of the company's ongoing strategy to improve its portfolio through the selective rotation of capital...
Monday, 12. February 2018
Two companies move to the reborn Lokomotív Ház

Two companies move to the reborn Lokomotív Ház

Akadémiai Kiadó and Wolters Kluwer Ltd chose their new headquarters at the presently renewing Lokomotív Ház on Budafoki út 189 in Budapest, which is located in the most popular office area of Újbuda. CBRE Hungary has advised them to find the best office solution. They will become the biggest tenants of the office park from th...
Friday, 9. February 2018

Erste Ingatlan Alap acquires Market Central Ferihegy

Market Central Ferihegy, a retail park, and adjacent office complex Quadrum have been acquired by Erste Ingatlan Alap. According to Erste Asset Management, growth of the economy and expansion of the retail market may facilitate higher rent, representing favourable outlooks for future returns of real estate funds.
Monday, 29. January 2018
Cushman & Wakefield managing Váci Greens D in Budapest

Cushman & Wakefield managing Váci Greens D in Budapest

From its handover in January 2018, Cushman & Wakefield has been appointed with the Property Management of the, 15,647 sq m Váci Greens D office building developed by Atenor. The modern and state of the art Váci Greens Building D will be handed over in January 2018 and is already 50% occupied, and further lease negotiations ar...
Friday, 26. January 2018
Bischoff & Compagnons schedules Alphagon Office Building in South Buda for mid-2019

Bischoff & Compagnons schedules Alphagon Office Building in South Buda for mid-2019

The public transport developments of the recent years, the proximity of major universities and the vibrant residential developments make South Buda attractive for companies. Recognizing the situation, more and more developers are building new office buildings in the area. Bischoff & Compagnons has also scheduled the delivery ...
Monday, 11. December 2017
Completion of Alphagon office building planned for Q2 2019

Completion of Alphagon office building planned for Q2 2019

Bischoff & Compagnons' newest office development, the Alphagon office building is to be completed in Q2 2019. Bischoff & Compagnons has always been focusing on developing buildings that are flexible in their use and in what they offer. These special needs were highly considered when the first plans of the Alphagon Office Buil...
Monday, 6. November 2017
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