Immofinanz signs nearly 65,000 sqm in Hungary in 2021

31
Mar
2022
News - Immofinanz signs nearly 65,000 sqm in Hungary in 2021 #Budapest #Hungary #Immofinanz #office #retail

by Property Forum | Office

Almost 40,000 sqm was leased in retail and 25,000 sqm in the office segment. From the beginning of 2022, the entire office portfolio fully relies on green energy.


Immofinanz has signed contracts in both, the retail and office sector throughout 2021 for a total of over 65,000 sqm. The overall figure reaches nearly 29% of the standing Hungarian portfolio. In retail, the majority of the amount was prolongations, in the office segment most of the contracts relate to newly leased spaces. Moreover, in 2021 the company introduced flexible office products under the myhive brand. The occupancy rate of the Hungarian portfolio is at a high level of nearly 97%.

In the office segment, a total of over 25,300 sqm was leased in Budapest myhive offices. Of this, nearly 14,300 sqm was new leases, and slightly over 11,000 sqm was prolongation or extension of existing contracts. The local office portfolio is fully relying on green energy from the beginning of 2022.

“A myhive Haller Gardens ‘refurbishment went according to the plan, the building has been completely renovated, and the surrounding gardens will soon be opened”, added Ottó Vörös, Country Manager Finance & Support Immofinanz Hungary.

The company installed over one hundred electric charging points in the whole local STOP SHOP network which is almost fully leased.




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  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
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