Six companies – Horizon Development, Wing, CBRE, CA Immo, JLL and TriGranit – were presented with Portfolio Property Awards at Property Investment Forum 2016 in Budapest. Portfolio acknowledged the Project of the Year, the Concept of the Year, the Leasing Transaction of the Year and the Investment Transaction of the Year for the seventh time.
In the 12 months to November 2016 four office building, three industrial properties and a mixed-use building were added to the Hungarian commercial property market. The participants of Property Investment Forum chose the best of these eight projects via popular vote and Horizon Development’s mixed-use building, Váci 1 was named Project of the Year. On behalf of Horizon Development, Managing Partner Attila Kovács accepted the award.
During one of the afternoon sessions of the conference, five invited speakers only had 7 minutes each to convince the audience that they have come up with the best real estate development concept of the year. Magyar Telekom’s new headquarters, to be built by Wing, won the popular vote and CEO-Chairman Noah M. Steinberg accepted the award.
The year's largest office lease transaction was signed by Diageo, extending its nearly 12 thousand square meters contract in the West End Business Center II Office Building. The tenant was represented by CBRE and the office building is owned by Morgan Stanley and Wing. At the award ceremony the owners were represented by Noah M. Steinberg. Judit Varga, Head of Office Agency at CBRE Budapest also took home an award.
The largest investment deal on the Hungarian commercial property market this year has been the sale of the Millennium Towers office complex. Owners TriGranit and Heitmann sold the property to CA Immo for €175 million. The seller was represented by JLL. The awards were given to Ede Gulyás, Managing Director of CA Immo Hungary, Benjamin Perez-Ellischewitz, Head of Capital Markets at JLL Hungary and Árpád Török, CEO of TriGranit.
