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» Chronological View: " Hungary " «

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
Cushman & Wakefield promots Melinda Szilágyi and Balázs Kádár to Associates

Cushman & Wakefield promots Melinda Szilágyi and Balázs Kádár to Associates

Cushman & Wakefield promoted Melinda Szilágyi dr. and Balázs Kádár to Associate. Szilágyi joined Cushman & Wakefield in 2012 as a Retail Negotiator and was promoted to a Senior in 2014. Szilágyi has over 10 years of experience on the Budapest retail property market and holds a Master of Science degree in Law and Political Sci...
Wednesday, 31. May 2017
Cushman & Wakefield appoints Tamara Szántó to Head of Office Agency

Cushman & Wakefield appoints Tamara Szántó to Head of Office Agency

Cushman & Wakefield announces that Tamara Szántó has been appointed Head of Office Agency with immediate effect. Szántó joined Cushman & Wakefield in 2010 as a Negotiator and was promoted to Associate in 2015. Szántó’s recent appointment to lead the office agency department reflects both her exceptional results delivered and ...
Friday, 26. May 2017

CTP acquires Rozália Park in Budapest

CTP continued its expansion in the Hungarian market through the acquisition of Rozália Park from Challenger, a 57,800 sq m logistics scheme directly adjacent the M1 to the west of Budapest. The acquisition, brokered by Cushman & Wakefield, continues the resurgence of the Budapest logistics market.
Tuesday, 23. May 2017
Bord Architect Studio build Class A office building in Debrecen

Bord Architect Studio build Class A office building in Debrecen

An office building will be built in Debrecen. The 22,000 sq m Class A office building will be constructed using the latest technical and eco-friendly solutions. The building, set to be completed in the 3rd quarter of 2018, is designed by Bord Architect Studio.
Monday, 22. May 2017

CBRE continues to manage Campona and Pólus Center shopping centres

CPI Property purchases the commercial real estate portfolio of CBRE Global Investors. CPI Property Group acquired the portfolio of 11 commercial properties in Hungary, Czech Republic, Poland and Romania from funds managed by CBRE Global Investors. In Hungary the portfolio includes the Campona and Pólus shopping centres, Andrá...
Thursday, 18. May 2017

Hungary attracts 19% of retailers planning to expand their store network in Europe

The UK has taken the top spot as the most popular destination for retailers looking to expand their store presence in EMEA in 2017. 65% of retailers cited the UK as their target market for expansion, according to the latest research from global property advisor, CBRE. 19% of retailers, however, target Hungary which is the fif...
Friday, 12. May 2017

Major deals ahead for the Hungarian real estate market

It is very likely that business deals in the Hungarian investment property market in 2017 will reach last year’s €1.54 billion (HUF 480 million) turnover – predicts the Budapest office of CBRE.
Thursday, 11. May 2017

International investors eyeing Madrid 's commercial property market

Whilst improving global economic conditions during the first quarter of the year are supporting sentiment in most parts of the world, EU markets continue to lead the way. With respect to occupier demand growth, Madrid, Budapest, Dublin, Munich, Berlin and Lisbon, posted particularly strong results according to the latest RICS...
Wednesday, 10. May 2017

Cushman & Wakefield manages CPI Property Group’s CEE retail portfolio

Cushman & Wakefield has been reappointed by CPI Property Group as property manager of two major shopping centres and one multifunctional complex in Central and Eastern Europe which have been recently acquired from CBRE Global Investors. Cushman & Wakefield currently manages 16 retail and multifunctional assets totaling 344,30...
Tuesday, 9. May 2017

New development on the South-Buda office market

Bischoff & Compagnons has commissioned CBRE exclusively with the leasing of the Alphagon office building. South-Buda has been the most demanded submarket for years due its booming residential market, improving public transport and excellent accessibility both from city centre and from the agglomeration. In recent years the So...
Friday, 5. May 2017