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News eMAG gets funding for logistics hub near Budapest
01
Feb
2023

eMAG gets funding for logistics hub near Budapest

by Property Forum
Romanian e-commerce player eMAG has secured a financing of around €70 million from Alpha Bank for the development of a logistics hub near Budapest. 
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News Office vacancy rises again in Budapest
31
Jan
2023

Office vacancy rises again in Budapest

by Property Forum
The office vacancy rate in Budapest increased to 11.3%, representing a 0.3 pps increase quarter-on-quarter and a 2.1 pps increase year-on-year. Net absorption has remained positive by the end of the fourth quarter, amounting to 53,480 sqm and reaching 158,510 sqm year-to-date, the Budapest Research Forum (BRF) reports.
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News GTC to spare energy in Budapest office building
31
Jan
2023

GTC to spare energy in Budapest office building

by Property Forum
The development firm has invested in the technical modernization of its buildings and reassured "BREEAM in Use" accreditation for the Váci Greens D complex.
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News ConvergenCE to make office portfolio greener in Budapest
26
Jan
2023

ConvergenCE to make office portfolio greener in Budapest

by Property Forum
The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.
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News Apartment rents down in Hungary after two years of increase
25
Jan
2023

Apartment rents down in Hungary after two years of increase

by Property Forum
The last month of 2022 brought a 0.7% decrease in rents compared to the previous month with prices in Budapest sinking by 0.9%, ingatlan.com reports.
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News Primark to open first shop in Hungary this autumn
24
Jan
2023

Primark to open first shop in Hungary this autumn

by Property Forum
Primark's first Hungarian store which will be opened in NEPI Rockcastle's Arena Mall shopping centre in Budapest is part of the ongoing expansion of the global retail chain.
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News Huge office portfolio to be refinanced in Budapest
19
Jan
2023

Huge office portfolio to be refinanced in Budapest

by Property Forum
Asset management firm Diófa and the Hungarian branch of Erste Bank have concluded a financing deal for seven years. The refinancing contract is worth €73 million, portfolio.hu reports.
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News Krausz Palota to open after refurbishment in Budapest
19
Jan
2023

Krausz Palota to open after refurbishment in Budapest

by Property Forum
The historic building will offer 4,600 sqm of office and 340 sqm of retail space in the very heart of the Hungarian capital. The opening is expected at the end of January.
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News Limitless Park to be built outside Budapest
16
Jan
2023

Limitless Park to be built outside Budapest

by Property Forum
The logistics facility will offer a total of 65,000 sqm of industrial and office space in Biatorbágy on the Western outskirts of the Hungarian capital.
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News Old HQ of Hungary's Mol sold to Hungarian state
11
Jan
2023

Old HQ of Hungary's Mol sold to Hungarian state

by Property Forum
The biggest company in Hungary got rid of its outdated office complex for HUF 6.3 billion in November last year, investigative news site K-Monitor reports. 
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Latest news


New leases

  • The Polish office of the international legal network Eversheds Sutherland will occupy the 18th and partly the 17th floor of the Widok Towers office building in the centre of Warsaw. It will take an area of over 1,400 sqm in the building, owned by Commerz Real fund.
  • The office space in Warsaw's PZO Factory (owned by White Star Real Estate) has been fully leased. The tenant of approximately 380 sqm on the ground floor of the PZO II building has become the medical company Affidea.
  • Cuponation GmbH will lease more than 200 sqm in the LIFE Building (formerly Atrium Tower) in Warsaw, which is owned by Austrian company VIG Fund (a part of Vienna Insurance Group). JLL is responsible for the commercialization process of the building. Tenant was represented by CBRE.

New appointments

  • DLA Piper’s Prague office has appointed a Corporate partner with a focus on technology Tomáš Ščerba, Real Estate partner Michal Hink and Banking, Finance and Restructuring counsel Leo Javorek.
  • Following Magdalena Sekuła's resignation from the Supervisory Board of LPP, and the reduction of the number of Supervisory Board members below the statutory minimum, the Supervisory Board appointed Jagoda Piechocka as a Supervisory Board member.
  • Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.


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