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» Chronological View: " Hungary " «

New CBRE report shows vacant offices along metro lines in Budapest

New CBRE report shows vacant offices along metro lines in Budapest

The Váci út office corridor, the central business district (CBD) and the inner quarters of Pest are the most significant office locations in Budapest. The Budapest office of CBRE has synchronized its office market database with the metro lines and stations to highlight the current status of the city’s office market.
Wednesday, 3. May 2017

Rising construction costs and lack of skilled labour force make recovery difficult

The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of develope...
Thursday, 20. April 2017

All time high investment volume is expected this year

In 2017, following its international assessment CBRE has created a survey among real estate investors in Hungary asking them about their market expectations. At the traditional springtime CBRE Investment Breakfast investors turned out to be optimistic about the future. 43% of the respondents stated that the investment market ...
Wednesday, 12. April 2017

M7 Real Estate’s Central European Fund acquires another property in Budapest

Following its 2016 debut to the Hungarian market M7 Real Estate’s Central European Fund (M7 CEREF) has further increased its presence in Budapest. In March 2017 the 62,000 sq m Aerozone logistics centre near Ferenc Liszt Airport was acquired by the fund which is managed by M7 Real Estate. In what is a developing partnership, ...
Wednesday, 12. April 2017
TriGranit develops Millennium Gardens

TriGranit develops Millennium Gardens

TriGranit will this year launch its newest development in Budapest, the Millennium Gardens office building, that will provide 37,000 sqm GLA for future tenants from H2 2019 on the banks of the Danube, next to MÜPA and the prospective Congress Centre.
Monday, 10. April 2017

M7 acquires Aerozone Logistics Park in Budapest

M7 Real Estate's first Central European fund for third party investors, M7 Central European Real Estate Fund I (M7 CEREF I), has now completed its final close, reaching its target raise of €60 million of investor capital. This follows investor commitments of more than €35 million at its first close in October 2016. M7 also an...
Friday, 7. April 2017

CA Immo completes withdrawal from logistical segment

With the sale of its 51% holding in the Aerozone logistics park in Budapest, CA Immo has completed the strategic withdrawal from the logistics segment that began in 2012. Over the past few years, almost 500,000 sqm of logistical space in total has been sold in Poland, Romania, Hungary and Germany. CA Immo held a 51% stake in ...
Tuesday, 4. April 2017

HB Reavis starts construction of new city centre development

HB Reavis has gained planning consent for its next new major development Agora Budapest, situated in the heart of the Hungarian capital near the city’s longest and busiest boulevard Róbert Károly and Váci road office corridor. The first building called Agora Hub received the building Permit last week and construction will sta...
Wednesday, 29. March 2017

Strong markets - Warsaw, Prague, Bratislava and Budapest

Modern office markets in the four core Central European capitals (Warsaw, Prague, Bratislava and Budapest) are benefiting from booming economies and strong demand. Warsaw with over 5 million sqm of modern office space is the largest market in Central Europe*, followed by Budapest with 3.36 million sqm in second position, then...
Tuesday, 14. March 2017
GalCap Europe acquires building in the centre of Budapest

GalCap Europe acquires building in the centre of Budapest

GalCap Europe has acquired „Merkur Palota“ (the Merkur Palace) a fully renovated office building in Budapest. The purchase was made on behalf of a separate account, administrated by Institutional Investment Partners, for a German pension scheme. The property is centrally located in the VI. district of the Hungarian capital, w...
Monday, 13. March 2017
Number of visitors for Allee shopping center exceeds 17.6 million

Number of visitors for Allee shopping center exceeds 17.6 million

The turnover growth of Allee tenants reached almost double (8.9%) of the national retail average. Moreover, the number of visitors exceeding 17.6 million, the almost 100% utilization of the center and the 8 new shops provided an efficient year for Allee Shopping Center in Budapest.
Tuesday, 7. March 2017

Skanska invests €33 million in second phase of an office project in Budapest

Skanska invests €33 million in the second phase of the office complex Mill Park in Budapest. The second phase will offer a total leasable area of about 17,700 square meters on seven floors above ground and three underground parking levels. 100 percent of phase 2 is currently pre-leased. Construction work has already started a...
Wednesday, 8. February 2017
Váci Greens A office building sold to a Hungarian investor group

Váci Greens A office building sold to a Hungarian investor group

Atenor, advised by Cushman & Wakefield Hungary’s Capital Markets Team, have sold Building A of their prestigious Váci Greens campus to an independent Hungarian investor group. Situated on the Vaci corridor, Budapest’s pre-eminent sub-market, Building A was handed over in 2013 and was the first phase of the 135,000 sq m, six-b...
Tuesday, 7. February 2017

Internos acquired three European hotels

End 2016 Internos Global Investors has acquired three hotels in Europe, including the Steigenberger Hotel in Kiel. For 2017/18 the company plans numerous additional hotel investments with a volume of up to €300 million covering the entire spectrum of risk.
Tuesday, 7. February 2017

Hungarian commercial real estate investment market doubled in 2016

Investors spent €1.54 billion in 2016 in the Hungarian commercial real estate market surpassing the 2015 level by 107 per cent. Last year both office properties and retail properties were in request, thus CBRE is expecting a similar or even higher turnover for 2017. Commercial properties changed hands in the amount of €745 mi...
Thursday, 2. February 2017
Allee Shopping Center achieves a BREEAM Excellent rating

Allee Shopping Center achieves a BREEAM Excellent rating

Allee Shopping Center achieved excellent results certified by BREEAM, having been graded “Excellent” for the field of Asset Performance, while “Very Good” for Building Management. Allee places considerable emphasis on environmentally friendly values and operational efficiency, while aims at creating a sustainable environment ...
Wednesday, 1. February 2017

Cushman & Wakefield transacted more than 78,000 sq m of logistics space

According to Cushman & Wakefield, 2016 was a good year on the Hungarian industrial market. “The Budapest market has seen significant progress compared to previous years: new Landlord-developers have increased their market share and several BTS, speculative and semi-speculative developments have been completed. Rental rates ar...
Tuesday, 31. January 2017
CPI Property Group acquires 11-asset retail portfolio in 4 countries

CPI Property Group acquires 11-asset retail portfolio in 4 countries

CPI Property Group has entered into a framework agreement under which subsidiaries of CPI Property Group will acquire the high-quality retail portfolio of predominantly 11 shopping centres located in the Czech Republic, Hungary, Poland and Romania from two funds managed by CBRE Global Investors. The completion of the transact...
Wednesday, 25. January 2017