Hungary

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...

In August, Metro Properties has finalized the largest transaction in Central Europe in 2019 with a total volume exceeding €250 million. The real estate companxy of Metro AG has sold 11 Cash & Carry stores in Poland, Hungary and Czech Republic in a sale-and-leaseback transaction. The considerable portfolio has been acquired by...

Skanska has sold its Nordic Light Trio office building in Budapest to JR AMC, a South Korean real estate investment trust. This is not only the buyer's first acquisition with Skanska, but it is also the its first office investment in the Central Eastern Europe (CEE) after transactions in Vienna, Dublin and Paris. Nordic Light...

M7 Real Estate has sold the Aerozone Logistics Park in Budapest to a South African investor, JTRoss Group on behalf of M7 Central European Real Estate Fund I (M7 CEREF I).

Warburg-HIH Invest Real Estateacquired an LEED Platinum certified new office building in Budapest on behalf of an open-ended special AIF of an institutional investor. The White House, developed by the GTC Group, was completed in summer of 2018 and has a gross lettable area of 22,300 square metres. The property is fully occupi...

Since the Signa Group acquired the long-standing company Kika/Leiner in June 2018, the investment company has focused all the company's activities on its Austrian core business again. Previously operated independently of the Austrian core business, Kika's eastern European business has now been sold to XXXLutz as part of this ...

Multi Corporation appointed Antoine Mocachen as Managing Director for Central and Eastern Europe, effective 17 June 2019. He will be responsible for Multi’s activities in Hungary, Poland, Slovakia and Ukraine. Antoine Mocachen succeeds Luca Maganuco, who has filled this position on an interim basis for the past year, in addit...

M7 Real Estate has sold the Liget Centre, a grade A multi-let office building in Budapest, on behalf of M7 Central European Real Estate Fund I to Wingholding Zrt..

TriGranit has appointed a new CEO. Tom Lisiecki will switch to the company from CityCon in Stockholm, where he served as Chief Development Officer. Prior to it, he spent 13 years with TriGranit, working in the last years as Chief Investment Officer and Country Director – Poland, having been involved in all TriGranit’s project...

According to Colliers research, money from East Asia burst on to the CEE scene in 2016-17, mainly via large industrial sector portfolio deals. The industrial sector received the majority of 2018’s flow as well, though diversification via larger single asset deals is beginning to occur. Asian investors appear to need liquidity...

Forest Offices in Debrecen is the first LEED Gold certified office outside Budapest, and the first building in Hungary certified under LEED version 4 – LEED’s most stringent green building standard ever.

JLL has been appointed for the ninth consecutive time as Strategic Partner of ABSL - the largest organization that brings together investors from the modern business services sector in Central and Eastern Europe. The partnership focuses on consultancy services, analyses of trends prevailing on the office market, as well as su...

AEW announces the acquisition of two historic, mixed-use properties on Andrássy Avenue in Budapest, on behalf of a German separate account. The neo-Renaissance buildings, which were comprehensively refurbished in 2001, together provide circa 7,800 sqm of lettable retail and office space. The properties are in a prime locatio...

JLL has appointed Tomasz Trzósło Managing Director of the CEE Markets. He will oversee the company’s operations across Czech Republic, Hungary, Romania and Slovakia, alongside his existing responsibilities as country manager for JLL’s business in Poland.

Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report. The European sector, however, was more subdued.

AEW has entered the Hungarian market by acquiring 3 Vörösmarty Square in Budapest, a prime, retail-led asset, on behalf of the Europe City Retail fund for c. €18m. With the acquisition of the former Luxus department store, AEW has gained ownership of one of the most significant and well-positioned retail sites in central Buda...

The Indotek Group has come to an agreement with CA Immo on the investment transaction of the 16,500 square-meter Dunacenter shopping center in Győr in November 2018.