ARTICLES LABELLED WITH TAG Hungary

14
Dec

Hungarian gov't to limit high-rise developments in Budapest

by Property Forum
The Hungarian government plans to maximise the height of any building in Budapest at 65 metres, the minister leading the Prime Minister’s Office announced. János Lázár told journalists that there is a bill before Parliament that would ban the construction of buildings higher than 65 metres.
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14
Dec

Is it more difficult to develop in Bucharest than in Budapest?

by Ákos Budai
As a response to continued strong demand from tenants in Budapest and Bucharest, Skanska plans to launch several new projects in both capital cities. Marcin Łapiński, Managing Director for Hungary and Romania talked to Property Forum about the differences between the two markets.
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14
Dec

CPI PG buys hotel properties in Hungary and the Czech Republic

by Property Forum
CPI Property Group acquired three hotel properties in the Czech Republic and Hungary: a historical building in Český Krumlov, an existing hotel in Olomouc and an office building adjacent to a hotel in Budapest.
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04
Dec

New Telekom HQ in Budapest structurally complete

by Property Forum
The development of Hungary’s largest office building to be constructed in a single block has reached an important milestone: the new Telekom Headquarters building is now structurally complete. Developer Wing Zrt, has customised the 100,000 sqm building fully in line with the specific needs of the Magyar Telekom Group.
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04
Dec

Skanska to launch new Budapest projects

by Property Forum
Skanska plans to launch the construction of one new office building per year in Budapest. The construction of Mill Park is currently underway and works on the third phase of Nordic Light are to be launched in January 2018.
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29
Nov

Corvin 5 becomes Hungary’s first WELL pre-certified building

by Property Forum
The first phase of Futureal’s Corvin 5 office complex is the first building in Hungary and the second in Europe to receive the international WELL Building Platinum pre-certification. The office building valued at €90 million and equipped with the latest environmentally friendly technologies is expected to be handed over by the end of 2018 in Budapest. Corvin 5 has been designed to make a positive impact on employees’ health and well-being.
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27
Nov

Starwood Capital Group acquires Budapest hotel

by Property Forum
Starwood Capital Group has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group. The hotel is being acquired for €75 million.
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22
Nov

Granit Polus to launch new city centre development in Budapest

by Property Forum
Granit Polus is about to transform the most valuable plot of land in Budapest by a large-scale mixed-use development. The new district will host office buildings, retail units, residential areas and hotels.
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22
Nov

OTP fund buys Budapest office building

by Property Forum
OTP Property Investment Fund has acquired the BSR Center office building in Budapest from a fund managed by GLL Real Estate Partners.
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20
Nov

Commercial property in CEE continues to boom, but for how long?

by Ákos Budai
The outlook for Central and Eastern European markets is still positive according to the RICS Commercial Property Monitor. Results for Q3 2017 show that both occupier and investment demand are still on the rise across the region. The peak of the current cycle is, however, undoubtedly getting closer.
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