Hungary’s construction sector to recover in summer

19
May
2020
News - Hungary’s construction sector to recover in summer #construction #coronavirus #ÉVOSZ #Hungary #report

by Property Forum | Report

The National Federation of Hungarian Building Contractors (ÉVOSZ) expects orders that were never placed in the last two months will be arriving in mid-June. 


ÉVOSZ President László Koji told public radio MR1 on Tuesday morning that the output of Hungary's construction sector in the first quarter of 2020 was broadly the same as in the same period of 2029, but due to the coronavirus (COVID-19) pandemic, they had received no orders for two months. 

The question is now how micro and small businesses will cope with these difficult times, given that they generally have reserves sufficient for 1.0-1.5 months, he added.

Experiences show that the number of new contracts has risen only in the countryside for now. 

Koji noted that in this situation the federation is asking the government to take into consideration that the construction sector is a priority sector and to make sure that the preparation of state projects are accelerated. 

"We need to set the construction industry on a new course to get it to another level in terms of organisation, digitalisation, know-how [and] building energy. For us to become better for our industry, the materials industry also needs developments which will facilitate the manufacture of much more complex and more rapidly installable materials that also save manpower," he said.




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New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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