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News New leases dominate the Budapest office market
21
Apr
2016

New leases dominate the Budapest office market

by Ákos Budai
Vacancy rates have further declined on the Budapest office market as a result of modest development activity and strong demand from tenants. The Budapest Research Forum has published its quarterly office market analysis.
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News Wizz Air Hungary moves into new office building
21
Apr
2016

Wizz Air Hungary moves into new office building

by Ákos Budai
Wizz Air Hungary Kft., the largest low-cost airline in CEE moved its Budapest headquarters to Laurus Offices in mid-March 2016. Wizz Air is renting nearly 3,200 square meters of office space in building B of the complex, which was developed by Erste Group Immorent Kft., an affiliate of Austria-based Erste Group.
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News New tenants in Skanska’s Nordic Light office building
06
Apr
2016

New tenants in Skanska’s Nordic Light office building

by Ákos Budai
HARMAN International and BASF Hungária Kft. has signed lease agreements with Skanska. The Swedish developer’s Nordic Light office building in Budapest now has preliminary lease agreements for 26% of its total leasable area. Colliers represented the tenants in the transactions, while CBRE takes exclusive responsibility for leasing Nordic Light. 
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News Nile House receives platinum certification
31
Mar
2016

Nile House receives platinum certification

by Ákos Budai
Nile House, part of the office project River City Prague in Prague 8 – Karlín owned by CA Immo, has received the first Platinum “LEED for Existing Building: Operation and Maintenance” certification in the Czech Republic. JLL´s Property Management team provided all the necessary support, managed the materials for this certification and coordinated the process.
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News Vacancy rate of the Budapest office market further decreases
21
Jan
2016

Vacancy rate of the Budapest office market further decreases

by Ákos Budai
Demand for office space in Budapest grew significantly in Q4 2015, while the vacancy rate reached a new record low of 12.1%. Development activity was low in the last quarter of the year, the annual supply in 2015 was 50,885 sq m, 25.4% lower than in 2014.
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News New record on the Prague office market
20
Jan
2016

New record on the Prague office market

by Ákos Budai
The Prague Research Forum announced the office market figures for the fourth quarter of 2015. Gross take-up amounted to 161,800 sq m, representing an increase of 78% compared to the previous quarter and the strongest quarterly result ever recorded on Prague office market. Also on a positive note, the vacancy rate decreased by 1.8 percentage points to 14.6% when compared to the previous quarter.
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News Falling vacancy and rising rents are expected in European office markets
27
Aug
2015

Falling vacancy and rising rents are expected in European office markets

by Ákos Budai
Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end of 2016 and then to continue declining over the rest of the decade, according to global real estate advisor, CBRE. In Europe’s major cities, office development is not keeping pace with growing demand driven by improving employment trends and almost all key office markets are expected to show falling vacancy rates and accelerated rental growth over the next five years.
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News Rental growth is expected in Budapest
26
Aug
2015

Rental growth is expected in Budapest

by Ákos Budai
Rents on the Budapest office market are set to rise according to Cushman & Wakefield, involved with leasing more space than any other agent in the market. The continued recovery is driven by sound economic, demand and supply fundamentals.
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News Record-breaking deal on Warsaw office property market
17
Apr
2015

Record-breaking deal on Warsaw office property market

by Ákos Budai
Ghelamco Poland has signed a record-breaking agreement for the lease of office space at Warsaw Spire. The new tenant will take nearly 22,000 square metres in the A-class building whose occupancy rate has now soared to over 50%.
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Latest news


New leases

  • AGS Estate has joined the group of tenants at the .BIG office building, located in the southern part of Kraków. The company is operating in the nationwide real estate market, in the HoReCa sector. GS Estate has leased over 300 sqm of space for a new dining facility.
  • International IT company Sollers Consulting has moved its regional Kraków office to the Browar Lubicz complex. The new office will occupy more than 1,200 sqm of space.
  • Another brand is joining the ranks of new stores in the expanded Turawa Park retail park near Opole (southern Poland). The Tedi chain store will occupy a unit of about 920 sqm.

New appointments

  • Savills has announced significant changes and promotions within its investment advisory, valuation, communication, and marketing departments in Poland. Karina Szafrańska has been promoted to Head of Valuations and Małgorzata Lińska-Bator has been promoted to Director in the Investment Department. Additionally, Marta Kołodziejska has been appointed the new Head of Marketing & Communication.
  • Residential developer STC Partners has appointed Elena Palade as Sales Director, while Bogdan Băzărea is the new Technical Director of the company. Palade has over 10 years’ worth of experience in real estate sales, while Băzărea’s career spans more than 20 years.
  • At the beginning of July, Jesika Mackiewicz took the position of Business Manager of Warsaw projects at Matexi Poland. She will be responsible for development of the company portfolio of residential projects and land purchases.

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