Hungary

Skanska invests €65m, about SEK 670m, in the first phase of the new office complex H2Offices located in Budapest. It will offer a total leasable area of about 26,000 m². The construction contract is worth about €39.5m, about SEK 406m, which will be included in the order bookings for Europe in the third quarter 2020.

GalCap Europe has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center. Rumbach Center now expands the existing CEE portfolio within the investor's specialized fund structure, which is under the administration of 2IP Institutional Investment Partners. It was sold by Dubai-based Al Habto...

Allianz Real Estate has acquired an office building in Budapest. The transaction marks one of the largest office deal investments in CEE this year. The prime asset delivered in 2010 is located at the junction of the CBD and the Váci Corridor on a major transport hub of the city (train, metro, tram, bus) and offers beautiful v...

Erste Ingatlan Kft, a subsidiary of Erste Bank Hungary, has signed an agreement to sell 57 hectares of a 170-hectare plot in Ecser, next to Budapest, to an international furniture and home retail chain company that intends to build a 100,000-square-meter high-bay regional distribution center on the plot.

The Immofinanz said on Friday that the temporary declines in rental income from the retail business should be largely offset on a cash flow basis by the cost savings programme currently in progress.

AccorInvest announced the closing of the acquisition of the Polish hotel group Orbis on 11 March.

GLP has entered into an agreement to acquire Goodman Group’s Central and Eastern Europe logistics real estate portfolio, subject to regulatory approvals.

Skanska’s commercial development business unit in Central and Eastern Europe is strengthening its strategic focus on customers and establishing a regional business value creation hub. At the same time it is centralizing the organization on the regional level with new Executive Vice Presidents responsible for business operatio...

European hoteliers hope December’s sublime performance will carry into and throughout 2020. The year ended on a strong note, represented by a fourth consecutive month of year-over-year profit growth on a per available room basis. GOPPAR soared in the month, finishing 9.8% above the same period in 2018 and marking its greatest...

The ports of Rotterdam, Hamburg, Bremerhaven, Antwerp and Valencia, together with the inland ports of Duisburg and Nuremberg, offer investors highly attractive logistics investment opportunities as a result of the planned expansion of the Belt and Road Initiative (BRI). This insight is among the key findings of a new Real I.S...

Bicester, a small town with almost 33,000 inhabitants in the British county of Oxfordshire, has a history that goes back to Roman times. However, Bicester became nationally and internationally well-known through the outlet centre, which opened in 1995 and since has become one of the most visited tourist attractions in the Uni...

Trigranit has appointed Károly Dömötör Makk (36) as Leasing Manager for Millennium Gardens. The development located next to MüPa is currently under construction with completion foreseen in Q2, 2021. The Class-A office development with 37,000 sqm GLA designed by Finta Studio will be the final element of The Millennium City Ce...

FLE GmbH, a member of the LFPI group, reports new lease conclusions and increases the rate of occupancy of its real estate portfolio in DACH and CEE to 98.5%. The Company is managing a real estate portfolio in DACH and CEE with an overall value of approximately one billion Euros. Thereof, roughly 140 million Euros are investe...

Real estate funds managed by OTP Real Estate Investment Fund Management has acquired the Corvin Technology Park in Budapest from Futureal Group. With this transaction the developer has sold the fifth office complex at the location to OTP. The purchase price was not disclosed.

M7 Real Estate, acting on behalf of M7 Central European Real Estate Fund I (CEREF I), has completed the sale of a portfolio of five logistics parks across Hungary. The transaction represents the largest logistics transaction by GLA in Hungary in 2019. The purchase price was not disclosed.

JLL has promoted Mateusz Polkowski to become Head of Research and Consulting for the Central and Eastern Europe region. At the same time, he will continue to lead a team analyzing the real estate market in Poland. Since his promotion, Mateusz Polkowski has been cooperating with JLL analysts in the Czech Republic, Slovakia, Ro...

Wigan Acquisitions has concluded the renegotiation of Skyscanner’s lease in its K6 Office Building. Skyscanner, one of the world’s leading travel fare aggregator signed for an additional five years on the office space over 1,000 sq m in the centre of Budapest, taking advantage of the constantly evolving tech sector and fast-g...

FLE GmbH acquires its eighth property in Budapest on behalf of the Luxemburg based fund FLE SICAV FIS. The acquisition relates to an art nouveau building that was constructed at the end of the 19th century and is located in the embassy quarter of Budapest’s 6th district, in very close proximity to Heroes’ Square. The property...