ARTICLES LABELLED WITH TAG Budapest

News TriGranit’s Budapest development progresses
27
Nov
2019

TriGranit’s Budapest development progresses

by Property Forum
The construction of Millennium Gardens, TriGranit’s newest office development in Budapest, has reached the ground floor level. Situated in a well-known cultural neighbourhood next to a green promenade by the Danube in Budapest, the 37,000 sqm GLA development will be handed over in Q2 2021.
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News HGA Capital sells Budapest office building
26
Nov
2019

HGA Capital sells Budapest office building

by Property Forum
HGA Capital, a member of the CARISTO Management Group, has sold the Oktogon House office building in central Budapest to a company belonging to RIMO Holding AG. The transaction price has not been disclosed.
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News Indotek Group to buy Budapest’s Sofitel hotel
20
Nov
2019

Indotek Group to buy Budapest’s Sofitel hotel

by Property Forum
Hungarian investors Indotek Group plans to buy the 5-star Sofitel hotel in the centre of Budapest, according to hvg.hu. The transaction still requires the approval of the Hungarian Competition Authority.
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News Adventum International buys Budapest shopping centre
20
Nov
2019

Adventum International buys Budapest shopping centre

by Property Forum
Adventum International, a Malta-based boutique investment fund manager, has acquired the 66,000 sqm GLA Köki Terminal shopping centre in Budapest for its Adventum Quartum investment fund.
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News Multi to refurbish Budapest shopping centre
18
Nov
2019

Multi to refurbish Budapest shopping centre

by Property Forum
Multi Hungary announced its extensive refurbishment plans for Allee shopping centre in Buda, in the most densely populated district of Budapest. Multi will upgrade and renovate the 46,700 sqm shopping centre, while enhancing the tenant mix, interior and exterior design and customer services. Multi will start the execution phase in the second quarter of 2020 and expects to complete most of the work still in 2020.
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News Prologis builds speculatively in Budapest
30
Oct
2019

Prologis builds speculatively in Budapest

by Property Forum
Prologis has started the construction of a new, state-of-the-art speculative facility totalling 14,000 square meters at Prologis Park Budapest-Harbor to provide further sustainable space. Scheduled for completion in Q2 2020, the new building will even have its own motorway access.
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News Strong growth on Budapest’s Airbnb market
28
Oct
2019

Strong growth on Budapest’s Airbnb market

by Property Forum
Similarly to 2017, the Airbnb activity in Budapest showed strong growth (25% y-o-y) in overnight stay in 2018 as well, exceeding 1.8 million. This figure reached 70% increase by the end of last year since 2016, says the latest Budapest city report on Airbnb released by Colliers International and Hotelschool The Hague.
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News ExxonMobil to lease 27,500 sqm from GTC in Budapest
24
Oct
2019

ExxonMobil to lease 27,500 sqm from GTC in Budapest

by Property Forum
ExxonMobil’s Global Business Services Center has signed a lease, agreeing to occupy GTC’s entire Pillar office building, which is currently under construction and due for delivery early Q1 2022. This is the largest deal in an office building that is already under construction in the history of Hungarian office transactions. CBRE represented ExxonMobil in this record-breaking transaction.
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News No empty warehouse left in Budapest
21
Oct
2019

No empty warehouse left in Budapest

by Property Forum
The vacancy rate on the Budapest industrial market reached 2% at the end of Q3 2019. Total demand amounted to 154,825 sqm, indicating a 42% increase from the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.
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News Strong demand for Budapest offices
21
Oct
2019

Strong demand for Budapest offices

by Property Forum
Total demand on the Budapest office market in Q3 2019 reached 191,235 sqm, representing a 41% growth compared to the same period of last year, according to BRF’s latest figures.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.

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