News Article 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.