ARTICLES LABELLED WITH TAG Budapest

News Hungarian gov't backs out of "Maxi Dubai" project in Budapest
06
Feb
2025

Hungarian gov't backs out of "Maxi Dubai" project in Budapest

by Property Forum
The Hungarian government has recognised that Budapest’s municipally owned company exercised its pre-emption right over the Rákosrendező plot. Therefore, the megaproject by UAE-based Eagle Hills Group, dubbed "Maxi Dubai" in the local media, is effectively cancelled.
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News GTC & Numa Group launch first project in Hungary
04
Feb
2025

GTC & Numa Group launch first project in Hungary

by Property Forum
Digital hospitality platform Numa Group and GTC have announced their launch in Hungary with a flagship property in central Budapest. 
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News Cordia aims to complete over 1,000 apartments in Budapest this year
28
Jan
2025

Cordia aims to complete over 1,000 apartments in Budapest this year

by Property Forum
Hungarian developer Cordia plans to add over 1,000 apartments this year, in Budapest, with three-quarters of this supply hitting the market in the first quarter alone. This expansion will increase the availability of new homes in the city by 20% compared to the end-of-year stock.
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News Forestay Group & Recorde buy office building in Budapest
23
Jan
2025

Forestay Group & Recorde buy office building in Budapest

by Property Forum
Forestay Group and Recorde Asset Management have purchased a 10,200 sqm office building in central Budapest from Generali Real Estate for an undisclosed sum. 
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News Gránit Asset Management joins Hungary's Golden Visa Program
23
Jan
2025

Gránit Asset Management joins Hungary's Golden Visa Program

by Property Forum
Gránit Asset Management has been added to the Constitution Protection Office's list of qualified market operators, thus enabling its participation in the investor visa program aimed at modernizing and improving the quality of Hungary's real estate stock.   
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News Budapest office demand up 8% in 2024
21
Jan
2025

Budapest office demand up 8% in 2024

by Property Forum
Total office demand in Budapest rose by 8% year-on-year to 502,150 sqm during 2024, according to data from the Budapest Research Forum (BRF). 
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News UDI Group kicks off first resi project in Budapest
13
Jan
2025

UDI Group kicks off first resi project in Budapest

by Property Forum
Czech real estate developer Urban Developers and Investors Ltd. Group (UDI Group) is making its first investment in Hungary, in a Budapest-based residential project. 
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News Biggeorge Property makes land purchase in Budapest
07
Jan
2025

Biggeorge Property makes land purchase in Budapest

by Property Forum
Hungarian developer and investor Biggeorge Property Plc has purchased a 35,000 sqm development land plot in Budapest, from ECE, for an undisclosed sum.
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News Kálvin Square office in Budapest reaches near 100% occupancy
17
Dec
2024

Kálvin Square office in Budapest reaches near 100% occupancy

by Property Forum
Kálvin Square office building, managed by ConvergenCE, has achieved a near-record 99 percent lease occupancy.
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News Gránit Asset Management buys historical building in central Budapest
17
Dec
2024

Gránit Asset Management buys historical building in central Budapest

by Property Forum
Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.
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Latest news


New leases

  • Promatic, a company that creates technological solutions, has signed a long-term lease for office space in Warsaw's Wola Center. The company will occupy 1,200 sqm on the sixth floor of the building.
  • FroGum, a distributor of car accessories has joined the group of tenants at the MLP Pruszków II logistics center near Warsaw. The company has leased 10,000 square meters of warehouse space. The transaction was advised by the Knight Frank agency.
  • HB Reavis Poland has signed a lease agreement with Alior Bank SA for 8,300 sqm of office space at Varso Place (Warsaw). The bank will move into Varso Place later in 2025. CMS Poland advised the building owner during the negotiation process.

New appointments

  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.
  • Panattoni Income Fund has appointed Olaf Bruns as Managing Director Business Development DACH. Earlier this year, the fund’s team was also strengthened by Piotr Boruc, who took on the role of Head of Finance and Reporting.
  • CBRE has named Hristo Karakostov as Head of Advisory & Transactions Office Services Department for Bulgaria, within its Southeast Europe (SEE) office. He succeeds Monika Gajewska, who will continue to lead the Occupier Business Development efforts for the SEE.

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