Industrial developer CTP has leased over 100,000 sqm of logistics space across its Hungarian projects to a Korean company specialised in automotive logistics.

Real estate group Wing has announced the transformation of its Budapest-based HOP office complex into HOP Technology Office Park.

International Workplace Group (IWG), the provider of hybrid work solutions, has announced the opening of two flexible workspaces in Budapest and Miskolc under the Regus brand.

Sofiab-based IT coworking operator Puzl CowOrKing will open a new location in Budapest as part of its CEE expansion strategy. 

Avico Group has reached structural completion for its Univery residential project located in Budapest’s District VIII and aims to deliver the building in Q1 2025.

International developer UDI Group is developing the Parkside project in Budapest. Baltic hotel group Mogotel is confirmed to operate it under the Staybridge Suites brand name of the global hotel chain IHG.

Romanian developer Forty Management will open this week, in Bucharest, a public access lagoon, part of Lagoon Park Bucharest project, following an investment of €33 million.

After more than a year of intensive negotiations, the sale and purchase agreement for Budapest Airport Zrt. was signed on Thursday, Hungary's Ministry of National Economy said in a statement. The Hungarian state acquired an 80% stake at a purchase price of €3.1 billion (HUF 1,207.5 billion), and the €1.44 billion (HUF 560.93 billion) loan taken out by the previous owners was extended.

The new Swissôtel Lagoon Budapest hotel will offer 200 rooms and apartments overlooking a man-made lagoon by the Danube River. Romanian property developer Forty Management will oversee the project. The handover is scheduled for 2028.

Remodelling an iconic commercial building and preserving its historic heritage is a challenge. Finding a perfect tenant mix for a long period is an even bigger problem. Property Forum asked Oliver Balogh and Viktor Balogh, founders of Corvin Palace Kft. about the ways the development company met these challenges.