Hungary

CTP has signed three new deals totalling 31,750 sqm at CTPark Budapest West and CTPark Komárom, both located close to Hungary’s capital city Budapest.

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...

CA Immobilien Anlagen AG has decided today on the reclassification of Hungary to strategically non-core, and simultaneously authorised the Management Board to initiate all relevant activities related to exiting the market, either though platform sale, sub-portfolio sale, or individual asset sales.

CA Immo has successfully signed and closed the sale of the Vizivaros Office Center in Budapest. The building is located in the “Central Buda” office submarket in western part of Budapest, comprises around 14,200 m² of total lettable space and was 96% let with annualized gross rental income of around €2.5 m as at 31 December 2...

M7 Real Estate has agreed a new letting with TRAHT Innovations, a manufacturer of world leading sterilizer, for a total of c. 6,500 m² at Pallag 43, a multi-let industrial warehouse asset in the north of Budapest.

IWG is opening a state-of-the-art flexible workspace in Szeged as the demand for hybrid working rapidly accelerates. This opening is being delivered in partnership with Cédrus Liget, who chose the IWG flexible workspace platform and has entered into a management agreement with the Regus brand.

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.

21 hotels from 9 European countries have submitted entries for the "Hotel Design Award 2023“, which will be presented during the 196+ Forum Milan on Monday, 17 April.

S Immo AG has signed the purchase of six office properties of Immofinanz AG in the Hungarian capital. Signing and closing have taken place on December 28, 2022. The purchase comprises around 124,000 m² of main usable space, with rental income of around €18.9m per year, This is the second large-volume purchase for the company ...

Luxembourg real estate investment partner REInvest Asset Management S.A. has completed the restructuring and comprehensive renovation of the Park Atrium office building in Budapest. The property has been part of the DEREIF SICAV-FIS pan-European real estate investment fund portfolio since 2016. The main investor in the Luxemb...

S Immo AG has contracted the acquisition of a total of 8 properties and one plot of land from its new parent company and majority shareholder CPI Property Group in the Hungarian capital. The purchase of around 109,000 m² of lettable space is expected to increase the annual rental income by around €16m.

Cordia Group has completed its last residential building along the Corvin Promenade in Budapest, Grand Corvin 2.

Colliers announced today that Kata Mazsaroff has been appointed as the new Managing Director for Colliers in Hungary.

Limehome, the Munich-based company and Europe's leading hospitality technology provider and operator of fully digitalised design flats, is now also coming to Budapest: the opening of 45 units in the Hungarian capital is planned for early 2023.

Multi Corporation has completed the refurbishment of Allee Center in Budapest, enhancing the interior and exterior design, leading to an improved customer experience. The entire renovation cost amounted to almost €18 million, including a significant investment in sustainability to pave the way to carbon neutrality.

Immofinanz has purchased 53 retail properties in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group (CPIPG). The acquired portfolio has roughly 217,000 sqm of rentable space and is fully let with an occupancy rate of 99%. The purchase price totals €324.2 million.

The first phase of the Millennium Gardens prime office building has opened its doors with an occupancy rate of over 90%, an investment of €150 million from Revetas Capital for the development of the North Tower.

The first phase of the 21, 000 square meter logistics park in the Budapest area, which will be built in four phases, is on schedule for completion in the last quarter of 2022. The first tenant, Bufab Hungary Kft., a Supply Chain partner for C-parts, has signed a lease contract for nearly 2,000 square meters of warehouse and o...