ARTICLES LABELLED WITH TAG Budapest

News CTP expands its network in Budapest
31
Jul
2019

CTP expands its network in Budapest

by Property Forum
CTP is on a good track to deliver more than 100,000 sqm premium category industrial space on the Budapest market in the next 12 months.
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News New tenants drive Budapest’s office market
25
Jul
2019

New tenants drive Budapest’s office market

by Property Forum
Total demand on the Budapest office market reached 163,390 sqm in Q2 2019, representing an almost equal amount of take-up compared to the same period of last year. New leases accounted for 42.7% of the total leasing activity, according to BRF’s latest figures.
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News Atenor to start new office project in Buda
24
Jul
2019

Atenor to start new office project in Buda

by Property Forum
Atenor has signed an agreement, relating to the acquisition of a plot in the 11th district of Budapest, Hengermalom út 18., with an area of 5,711 sqm.
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News Skanska sells Budapest building to Korean investor
24
Jul
2019

Skanska sells Budapest building to Korean investor

by Property Forum
Skanska has sold its Nordic Light Trio office building in Budapest to JR AMC, a South Korean real estate investment trust. This is not only the buyer's first acquisition with Skanska, but it is also its first office investment in the CEE region after transactions in Vienna, Dublin and Paris. 
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News M7 sells logistics park in Hungary
24
Jul
2019

M7 sells logistics park in Hungary

by Property Forum
M7 Real Estate announcesd the sale of Aerozone Logistics Park in Budapest, Hungary, to a South African investor, JTRoss Group on behalf of M7 Central European Real Estate Fund I (M7 CEREF I).
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News TriGranit starts structural works of Budapest project
10
Jul
2019

TriGranit starts structural works of Budapest project

by Property Forum
Millennium Gardens, TriGranit’s newest office development in Budapest, is already under the structural construction phase. Structural works of the office building with over 37,000 sqm GLA, is being carried out by Bayer Construct Zrt. The project will be the final element of Millennium City Centre with completion in Q2 2021.
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News Warburg-HIH Invest buys Budapest office building from GTC
27
Jun
2019

Warburg-HIH Invest buys Budapest office building from GTC

by Property Forum
Warburg-HIH Invest Real Estate acquired a LEED Platinum certified new office building in Budapest on behalf of an open-ended special AIF of an institutional investor. The White House, developed by GTC Group, was completed in summer of 2018 and has a gross lettable area of 22,300 square metres. The property is fully occupied, the main tenants being investment fund manager BlackRock, Jaguar Land Rover and the Dutch co-working provider Spaces. The average lease term is 8.2 years. It was agreed not to disclose the purchase price.
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News Hilton Garden Inn opens Budapest hotel
20
Jun
2019

Hilton Garden Inn opens Budapest hotel

by Property Forum
Hilton Garden Inn opened its first hotel in Hungary, Hilton Garden Inn Budapest City Centre. Located just steps away from the Opera House and St Stephen’s Basilica, Hilton Garden Inn Budapest City Centre has 214 rooms.
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News GTC breaks ground on new Budapest project
05
Jun
2019

GTC breaks ground on new Budapest project

by Property Forum
GTC is gearing up in Budapest by commencing construction of Pillar office project located in the Budapest’s 13th district,. Recently, GTC celebrated the completion of their LEED Platinum certified GTC White House office building located also in Váci Road corridor, fully leased to BlackRock, Range Rover Jaguar, and Spaces. To further expand its position on the Budapest office market, GTC acquired one more land plot adjacent to GTC’s Center Point to increase the development pipeline to over 100,000 sqm of office space.
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News GRT Group develops new office building in Budapest
23
May
2019

GRT Group develops new office building in Budapest

by Property Forum
Construction has begun on the Office Garden IV complex, which is being developed in Budapest by GRT Group, with the work to be completed in Q2 2021.
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Latest news


New leases

  • Two new contracts for the lease of office space in the Bonarka for Business complex in Kraków have been signed. Apollo Investments and SeproTec Multilingual Solutions have leased a total of 825 sqm of space.
  • Tenants of MLP Łódź will soon be joined by Bohnenkamp, a supplier of tyres and wheels. The company will occupy more than 6,000 sqm . The warehouse facility is scheduled for handover in late March this year. Supporting the tenant in the transaction was Axi Immo.
  • Orbis and Accor Services Poland have renewed lease agreements for a total of nearly 2,500 sqm in the Lumen office building in central Warsaw. In both transactions, the tenants were represented by the consulting firm Cushman & Wakefield.

New appointments

  • Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
  • Piotr Wilewski joined Walter Herz Investment Advisory Department as Land Acquisition Manager. He is responsible for acquiring land projects, preparing analyses of investment potential and searching for ways to build real estate value.
  • GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.

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