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

  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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