Despite the pandemic, travellers and businesses have seen several large-scale real estate-related developments at Liszt Ferenc International Airport in Budapest during the past few years. There will be more huge investments over the coming years. Property Forum asked Rene Droese, Chief Development Officer about each of them, including reopening Terminal 1 and preparations for a new Terminal 3.

Skylight City, an office building developed by Hungarian company Wing, has received a Very Good rating under the BREEAM In-Use sustainability certification scheme. The certification highlights the water and energy-efficient management and operation of the building.

One month before the handover, the RoseVille office complex obtained an occupancy permit in the northern part of the Hungarian capital. The building, developed by Atenor, offers 15,500 sqm of rentable space and will be opened in July this year.

Four Points by Sheraton Budapest Danube Hotel has opened in the Hungarian capital. The new 105-room hotel is situated on the banks of the river in the centre of the city and is managed by the Hungarian company Accent Hotels.

Business and leisure travel is back in CEE, including Hungary, which makes investments more profitable than it was expected a year ago. Property Forum asked Silvija Lovreta, Senior Director of South Eastern Europe - International Hotel Development at Marriott International about the extensive development pipeline and ways the company meets environmental challenges. On behalf of Marriott's local partner for the development of the first Moxy hotel in Budapest, Forestay Group, Bálint Botos also commented on a few questions.

The complex is one of the largest in the local office market. It was developed by the Hungarian company Wing and now has become a multi-tenant office building. However, there is still 7,500 sqm of space available to prospective tenants.

The first phase of Skanska's H2Offices has earned a Platinum Leadership in Energy and Environmental Design (LEED) Core and Shell version 4 certification with 84 points, which is currently the highest score in Hungary. Based on its accessibility features, the building also obtained the highest rating of Access4You certification, meaning Gold level.

The renovation of Liget Center, a Wing development, is about to reach a new milestone: a new building with an all-glass facade will join the existing office buildings – Liget Center Classic and Liget Center Auditorium – in the inner courtyard. Liget Center Vitrum will offer an additional 2200 sqm of leasable area in the city centre.

Marriott International has signed an agreement with Forestay Group to debut the Moxy Hotels brand in Budapest. Construction is predicted to begin this autumn, with the opening expected in 2025.

CA Immo has successfully signed and closed the sale of the Vizivaros Office Center in Budapest. The building is located in the Central Buda office submarket in the western part of Budapest, comprises around 14,200 sqm of total lettable space and was 96% let with annualized gross rental income of around €2.5 million as of 31 December 2022. The buyer is the FLE SICAV FIS real estate fund managed by FLE GmbH.