ARTICLES LABELLED WITH TAG Budapest

28
Jul
2016

Budapest logistics parks sell out quickly

by Ákos Budai
There has been a significant increase in demand for income-producing industrial properties bought for investment purposes in Hungary in the past two years. China's Shanghai Feilo Acoustics owned Inesa Europe purchased more than 16,000 square meters of industrial property under such a deal. The distribution center located at Dunakeszi serves the European customers of one of the largest LED manufacturers in China.
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26
Jul
2016

House prices soar by 5% in Budapest

by Ákos Budai
The supply of new apartments in Budapest has increased significantly, 2.5 times, between February and March of 2016, but only a few can move in as the number of apartments with an occupancy permit is limited. The first wave of increase will hit the market in the second half of 2017. The still tight supply and large demand has pushed prices upward; the increase in price per square meter has exceeded 5%, as shown by the analysis of the Budapest Housing Market Report.
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22
Jul
2016

Budapest office vacancy rate continues to decline

by Ákos Budai
Vacancy rates reached a record low level on the Budapest office market as a result of modest development activity and strong demand from tenants. The Budapest Research Forum has published its quarterly office market analysis.
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22
Jul
2016

Vacancy increases on the Budapest industrial market

by Ákos Budai
Renewals dominated the Budapest industrial property market in the second three months of the year where the vacancy rate has increased for the first time in nearly three years. The Budapest Research Forum has published its Q2 2016 industrial market snapshot.  
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19
Jul
2016

Immofinanz sings new leases in Budapest

by Ákos Budai
Immofinanz has signed several lease agreements since the beginning of the calendar year 2016 accounting for approximately 40,000 sqm of its Hungarian portfolio. Of this figure, prolongation of leases accounts for more than 25,500 sqm, and new and expanded contracts sum up at 14,500 sqm.
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13
Jul
2016

Investment volume on the Hungarian market triples over 2015

by Ákos Budai
The sharp rebound of the Hungarian real estate investment market witnessed in H2 2015 has gained further momentum during the first half of this year. According to JLL the transaction volume of the first semester reached more than EUR 910 million, already more than during the full 2015 year, highlighting the increasing weight of capital targeting Hungarian assets.
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30
Jun
2016

Prologis Park Budapest-Sziget DC7 secures first customer

by Ákos Budai
Prologis has signed a new lease agreement for 4,800 square metres with Inter Cars Hungária, the largest passenger and truck parts dealer in Central and Eastern Europe, at its DC7 building now under construction at Prologis Park Budapest-Sziget. CBRE facilitated the transaction.
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22
Jun
2016

Diófa Fund Management invests in retail

by Ákos Budai
Diófa Fund Management has announced the purchase of Europark shopping centre in Budapest from Unibail Rodamco. The acquisition is a result of a one year long and constructive cooperation between the parties and was entirely funded by own capital. Due to new investment fund restrictions it is highly possible that this was the first and last shared deal on the market.  
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22
Jun
2016

OTP REIT acquires 35,000 sqm logistics property in Hungary

by Ákos Budai
Within two months OTP Real Estate Investment Fund has already added the second logistics property to its portfolio. The 35,000 sqm warehouse complex is located in South-Pest, within the Gyál Business Park, near the M5 motorway and several multinational companies. The transaction is part of OTP Real Estate Investment Fund Management’s ongoing portfolio development, therefore further transactions can be expected in 2016.
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17
Jun
2016

German asset manager KGAL buys office building in Budapest

by Ákos Budai
German asset and investment manager KGAL has purchased the Eiffel Square office building located in Budapest, representing the largest office transaction in Hungary in 2016 and marking the return of core investors in Hungary. 
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Latest news


New leases

  • M7 Real Estate has completed the letting of a 1,025 sqm retail unit at the newly refurbished Csillag Center in Budapest to Polish fashion brand, Sinsay, on behalf of M7 CEREF I.
  • Insurer Euroins Romania has leased 2,500 sqm in J8 Office Park, the project developed by Portland Trust in northern Bucharest. The office building with a total leasable area of 44,000 sqm will be delivered later this month.
  • The PYC-SPORT company, a producer and distributor of professional sports equipment, has decided to lease over 3,000 sqm of warehouse and office space in the Panattoni Park Business Center Łódź II. AXI IMMO was advising the tenant in the negotiation process.

New appointments

  • Silviana Petre Badea has been named Deputy Head of CEE Capital Markets at real estate consultancy JLL. At the same time, she will hold the role of Managing Director of JLL Romania.
  • Adrian Bojczuk has joined Tétris' Polish office to take on the newly created position – EMEA Investors and Landlords Client Development Director. He will work closely with the management and business development teams in each country, as well as with the JLL Investor team in EMEA.
  • Savills has strengthened its Office Agency in Poland with the appointment of Marcin Sabowicz and its Industrial Agency with Adam Włochyński.


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