Property investment group Wing has fully completed the Liberty mixed-use project in Budapest after delivering 20,000 sqm of offices in the second phase.
Budapest has been named the best ‘workcation’ city in the world, beating competition from the likes of New York, Berlin and Singapore, according to IWG’s second Work from Anywhere Barometer.
Recorde Asset Management, the real estate fund management arm of Concorde Group, in close strategic cooperation with Forestay Group, is investing in the Móricz Student Living student residence and office building.
Total demand for office spaces in Budapest was up 21% year-on-year to 238,400 sqm, of which net take-up accounted for 105,860 sqm, according to the Budapest Research Forum (BRF).
Wing will open next year a new 4-star hotel with direct terminal access to the Budapest Liszt Ferenc International Airport. The hotel will be operated under a management agreement with Accor.
CA Immo and Morgan Stanley have signed the prolongation of a long-term lease agreement for around 20,000 sqm in Budapest-based Millennium Tower office buildings I-III.
Apollo-Rida, the owner and manager of the Equal Business Park office complex in Kraków, has extended some of its lease agreements, covering a total of more than 5,000 sqm of office space. Companies that have decided to continue their cooperation include Assa Abloy, Kimberly Clark, Endava and the law firm Kochański & Partners.
A C&A chain store has joined the tenants of the Blue City shopping centre in Warsaw. This will be the brand's seventh shop in the capital. The store, with an area of over 2,200 sq m, will open on level 0.
Media Markt has announced the opening of a new shop in Olsztyn. The outlet, located in the Aviator Retail Park and occupying an area of 577 sqm, operates in the modern Xpress format.
New appointments
Krisztina Enzsöl has joined Knight Frank Hungary as Associate Director in the office division. She has over 24 years’ worth of experience in real estate, being specialised in office leasing. In addition, Enzsöl has extensive knowledge in both tenant and landlord representation.
Beginning of September this year, the Management Board at Avison Young's Polish branch underwent a change, with Monika Bronicka, Director, Head of Valuation and Advisory, Business Development, becoming a Member of the Board.
In September 2024, Ewa Andrzejewska took on the role of Chief Operating Officer of the Polish Chamber of Commercial Real Estate (PINK). In her new role, she will be responsible for co-creating and implementing PINK's strategy and further developing the organisation.
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