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News New leases drive Budapest’s office market
25
Apr
2019

New leases drive Budapest’s office market

by Property Forum
Total demand in the first quarter of 2019 reached 79,980 sqm on Budapest’s office market, representing a 12.2% decrease year-on-year. New leases accounted for 45% of the total leasing activity, according to BRF’s latest figures.
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News Spaces expands in Prague and Budapest
04
Apr
2019

Spaces expands in Prague and Budapest

by Property Forum
JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.
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News Biggeorge plans large mixed-use project in Budapest
04
Apr
2019

Biggeorge plans large mixed-use project in Budapest

by Property Forum
Local developer Biggeorge Property has unveiled plans for a new city centre development in Budapest’s Óbuda district. The 5 ha project would include 1400 apartments and 10,000 sqm of commercial space upon completion. Handover of the first phase with 257 apartments in three buildings is scheduled for 2010.
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News Atenor starts new office project in Budapest
04
Apr
2019

Atenor starts new office project in Budapest

by Property Forum
Atenor has signed an agreement, relating to the acquisition of more plots in the third district of Budapest, totalling an area of approximatively 5,000 sqm. This site is located 400 meters from Kolosy Square.
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News BNPPRE to manage Immofinanz’s Hungarian offices
20
Mar
2019

BNPPRE to manage Immofinanz’s Hungarian offices

by Property Forum
BNP Paribas Real Estate has been mandated by Immofinanz to provide property management services as of January 2019 in respect of approximately 160 000 sqm of the Hungarian office portfolio owned by Immofinanz.
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News Wing announces new office project in Budapest
13
Mar
2019

Wing announces new office project in Budapest

by Property Forum
Hungarian developer Wing has announced the launch of the Gizella Loft, a new office project at Siemensʼ Gizella út site acquired last year. The 8,500 sqm is set to offer modern, human-focused offices for potential tenants from the end of 2019.
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News FLE GmbH buys Budapest hotel
08
Mar
2019

FLE GmbH buys Budapest hotel

by Property Forum
Vienna-based FLE GmbH, part of the French LFPI Group, announced the purchase of the Achat Premium Budapest, a four-star hotel with 135 rooms, east of Budapest’s city centre, on behalf of Luxembourg-based fund FLE SICAV FIS.
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News JLL and C&W to lease Wing’s new Budapest project
08
Mar
2019

JLL and C&W to lease Wing’s new Budapest project

by Property Forum
Wing entrusted JLL and Cushman & Wakefield real estate agencies with the leasing activities of its 42,000 sqm Liberty office building. The building will be realised next to the new Telekom headquarters and its delivery is expected in 2021.
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News AEW acquires mixed-use assets in central Budapest
28
Feb
2019

AEW acquires mixed-use assets in central Budapest

by Property Forum
AEW has acquired two historic, mixed-use properties on Andrássy Avenue in Budapest, on behalf of a German separate account.
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News Office rental growth set to continue globally
28
Feb
2019

Office rental growth set to continue globally

by Property Forum
Hong Kong will retain its title as the world’s most expensive office market despite rents being forecast to decrease in 2019, according to Knight Frank’s latest Global Outlook Report. Knight Frank's chief economist believes that there is a compelling global case for continued rental growth across the global cities.
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Latest news


New leases

  • Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
  • Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
  • The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP

New appointments

  • Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.

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