Faedra Group is expanding its presence in the Budapest residential market with three new projects. Nova City, Yara Residence, and Luna Residence will deliver nearly 250 new homes, bringing the company's total residential development pipeline above 400 units.
Wing-owned Witorp Kft. has signed a share purchase agreement to acquire Capital Square, a landmark office building in the Váci út business district of Budapest.
Hungary's construction sector had a mixed start to 2026, with projects worth around €1.8 billion entering construction in Q1, according to the latest EBI Construction Activity Report.
Moxy Budapest Downtown has opened its doors in central Budapest, marking the debut of Marriott International's lifestyle brand in Hungary. The hotel is located on Kazinczy Street in one of Budapest's cultural districts.
Danubius Hotels Zrt. has spent HUF 50 billion (€125 million) from its own funds on refurbishing its hotels over the past five years, with renovations continuing. The British-owned company employs more than 2,000 people in Hungary and operates 16 hotels with 4,046 rooms.
Skanska has announced that the second phase of the H2Offices complex in Budapest has reached structural completion. With more than 22,000 sqm of office space, the development is moving into the next stage of construction and remains on track for completion in Q1 2027.
Faedra Group has concluded a financing agreement for the MyRA Park M3 retail development project, backed by OTP Bank and the Faedra II Real Estate Development Fund, managed by Faedra Alapkezelő.
Housing prices in Central Europe have risen dramatically over the past six years, according a report by Cushman & Wakefield, based on data from Builtmind, comparing Bratislava, Prague, Warsaw and Budapest
International fashion retailer Primark has opened its fifth Romanian store, spanning 3,185 sqm, at ElectroPutere Mall in Craiova, marking its debut in the country's south-west region. The launch follows a €10 million investment.
Speedwell has secured four new medical tenants for its Paltim mixed-use urban project in Timișoara. Colegiul Medicilor Stomatologi - Filiala Timiș has leased approximately 105 sqm, with an opening scheduled for November 2026. Concurrently, Paul Bold Dental Solutions will open a 143 sqm dental clinic in November 2026. Ophthalmology clinic ArtVision Med & Sofilens Lux has occupied 172 sqm since January 2026. Lastly, Ziva, a dermatology, aesthetics, and gynaecology clinic, has taken 92 sqm and will officially open in July 2026.
Equans has leased 1,600 sqm for a new IT hub in Bucharest-based One Cotroceni Park, in a deal brokered by Cushman & Wakefield Echinox.
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.
ABOUT US
Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.