ARTICLES LABELLED WITH TAG Budapest

22
Jun
2017

Colliers sells industrial building in Hungary

by Ákos Budai
The Industrial division of Colliers International Hungary sold the Scanfil building in Rozália Park to Reál food store chain. The building totalling 14 500 sqm was used by Scanfil for the production of mechanics and integrated products and will be now used by Reál as distribution centre for the greater Budapest area.
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15
Jun
2017

Are Czech cities smarter than Hungarian ones?

by Ákos Budai
Bank cards play an increasingly bigger role in every aspect of our lives and passengers in CEE countries are becoming increasingly open towards using electronic payment solutions to pay for public transport services. Frantisek Jungr, Senior Business Development Manager for the CEE Region at Visa Europe talks to Property Forum about the experiences he gained during the implementation of electronic ticket systems in the Czech Republic, and while learning about the Czech examples, we also examine the shortcomings of Budapest’s current and future ticket system.
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25
May
2017

What do millennials and Gen Z employees want?

by Ákos Budai
The Budapest office market is booming and as the needs of tenants are changing, developers need to pay attention not only to sustainability but to employee well-being as well. Panelists at Portfolio’s FM & Office 2017 conference in Budapest talked about the future of the office market in the capital.
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24
May
2017

New airport hotel structurally complete in Budapest

by Ákos Budai
Eight months after earthworks began and the foundation stone was laid, all the floors of the first airport hotel in Hungary with direct terminal access have been constructed, and the highest point of the structure has been reached. During the traditional topping-out ceremony, the managers of developer Wing Zrt. and Budapest Airport announced that the hotel is due to receive the first guests at the end of this year, as planned.
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23
May
2017

CTP acquires logistics scheme in Budapest

by Ákos Budai
CTP continued its expansion on the Hungarian market through the acquisition of Rozália Park, a 57,800 sqm logistics scheme directly adjacent the M1 motorway to the west of Budapest. The seller was Challenger. 
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18
May
2017

Redevelopment of Budapest CBD building to start in 2018

by Ákos Budai
Reconstruction works on the former HQ of the Budapest Stock Exchange and the Hungarian Television are planned to start at the beginning of 2018 with a budget of €38 million. The 100-year-old building will be reborn as Exchange Palace, an office building with approximately 31,700 sqm of GLA:
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18
May
2017

Megaprojects are transforming the Budapest skyline

by Ákos Budai
Fenced-off construction sites, scaffold-enfolded buildings and grandiose developments – often only in plans – have become characteristic of the Budapest property market. Just four years after the deepest point of the recession, there is hardly any indication of those hard times left. The upwards trend exists not only on the residential market, but also on the office market, which impacts the majority of companies and employees. The largest investors adapted to the renewed demand and began building massive numbers of office buildings, and entire new areas of the city are being born.
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18
May
2017

CPI keeps CBRE on as PM for Budapest malls

by Ákos Budai
After acquiring the Campona and Pólus shopping centres in Budapest, CPI Property Group has again entrusted CBRE to manage its new properties. CBRE has also been selected as the exclusive leasing agency for the two malls.
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11
May
2017

Major deals ahead for the Hungarian investment market

by Ákos Budai
According to CBRE, it is very likely that business deals in the Hungarian investment property market in 2017 will reach last year’s €1.54 billion (HUF480 billion) turnover.
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09
May
2017

M7 acquires two Budapest assets for €20 million

by Ákos Budai
M7 Real Estate has acquired a further circa. €20 million of assets in Budapest, on behalf of its first Central European fund for third party investors, M7 CEREF I. This follows the Fund completing its final close, reaching its target raise of €60 million of investor capital in April 2017, as well as the agreement of a €68.5 million senior debt facility with Starwood European Real Estate Finance.  
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Latest news


New leases

  • 108 Agency has mediated a lease of 7,700 sqm for the company DSV Solutions in Prologis Park Prague-Airport. DSV Solutions provides and manages supply chain solutions.
  • TECH LIGHT, a manufacturer and designer of LED lighting profiles, has relocated to Panattoni A2 Warsaw East Park, situated next to Stary Konik junction near Warsaw. The tenant moved into 1,200 sqm of warehouse and office space already in August. AXI IMMO provided comprehensive advisory services for TECH LIGHT.
  • Eli Lilly has extended its office lease of 900 sqm in Bucharest Business Park. The pharmaceutical company has been a tenant in the project since 2006. The office complex is owned by CA Immo. Real estate consultancy CBRE worked on the lease extension.

New appointments

  • From mid-October this year, Kornél Kalapács is taking up the position of Managing Director of Codic Hungary, the company announced. With around 30 years of experience in real estate development and construction, he will strengthen Codic's Hungarian subsidiary, which will hand over the Green Court Office A building under his management next month.
  • Mateusz Gołembiewski will head up JLL's HR organisation in the CEE and Russia region. He has 15 years of experience in developing company strategies and operations in this field, and will lead the HR teams in Poland, the Czech Republic, Romania, Slovakia, Hungary and Russia.
  • The Urban Land Institute (ULI) has announced the appointment of Søren Rodian Olsen, managing director of Logicenters at NREP as chair of ULI Poland. He succeeds Dorota Wysokińska-Kuzdra, senior partner at Colliers, and officially began his voluntary two-year term on 1 October 2021.


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