ARTICLES LABELLED WITH TAG Budapest

20
Jan
2020

Erste Real Estate Fund completes acquisition of Budapest building

by Property Forum
The acquisition of the second phase of Advance Tower located on the Váci road office corridor has been closed. With the current purchase, the entire office complex with a total GLA of over 20,000 sqm developed by Futureal Group has joined Erste Real Estate Fund’s portfolio. This is the first transaction in the Hungarian market which includes a WELL pre-qualified office building.
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16
Jan
2020

NEPI Rockcastle plans to extend Budapest shopping centre

by Property Forum
The area of Budapest’s Arena Mall could grow from its current 42,000 sqm to 60,000 sqm, following the property manager’s application for an extension last December, local daily HVG reports. If the plans are realised, Arena Mall will become the largest shopping centre in Hungary.
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15
Jan
2020

REM Group leads refurbishment of Budapest building

by Property Forum
REM Group has acted as property advisors, project managers and now as property manager of the Korean Cultural Center (KCC) located at 30-34 Frankel Leo Street, in District II of Budapest. The building of more than 5,000 sqm was extensively refurbished to house the Korean Cultural Center as part of a relocation from their previous premises in the MOMentum Office building in District XII of Budapest.
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13
Jan
2020

CA Immo sells land plot next to Budapest Airport

by Property Forum
CA Immo has sold a 62,000 sqm land plot close to Budapest Airport to Földfém Kft. and intends to fully focus on the office market in the future. CA Immo was represented by CBRE and Hungarian law firm Cerha Hempel in the transaction.
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13
Jan
2020

Värde Partners to sell luxury hotels in Budapest and Prague

by Property Forum
Värde Partners, a leading global alternative investment firm, entered into a definitive agreement to sell a portfolio of eight luxury hotels operating under The Dedica Anthology brand to Covivio, a European real estate operator, through its subsidiary Covivio Hotels. The portfolio includes New York Palace and New York Residence in Budapest and Carlo IV in Prague.
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18
Dec
2019

Property Forum partners with Unissu to launch Connect – a TED Talk equivalent for the global property industry

by Property Forum
Property Forum is pleased to announce it is partnering with Unissu, the world’s PropTech marketplace, to launch Connect, the global real estate equivalent of TED Talks. Budapest will be one of the 15 cities globally where hand-picked speakers will record their speeches for a global audience.
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16
Dec
2019

CBRE advises on Budapest shopping centre renewal

by Property Forum
CBRE represented Adventum International in the acquisition of the KöKi Terminal shopping centre in South Pest. CBRE also provides property management and exclusive retail leasing and advisory services for the €18 million (6 billion HUF) renewal project of the 66,000 sqm GLA shopping centre
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11
Dec
2019

HB Reavis appoints new CEO for Hungary starting 2020

by Property Forum
From January 2020, Robert Kubinsky, who has been working for the company for 8 years, will step into the CEO shoes to continue delivering the second stage of Agora Budapest in Hungary.
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11
Dec
2019

CTP plans major portfolio expansion in Hungary

by Ákos Budai
The most active logistics developer in Hungary plans to expand its portfolio by 100-150 thousand sqm every ear. Rudolf Nemes, Country Manager of CTP Hungary talked to Property Forum about the ongoing changes on the Hungarian logistics market.
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10
Dec
2019

CPI Property Group completes Budapest office building

by Property Forum
Balance Hall, a 16,000-sqm office building with a "Very Good" BREEAM certification, has been delivered in early December 2019 on Budapest's Váci Corridor. With this new addition, the Balance Office Park office complex has grown to nearly 35,000 sqm. CPI group reported an over 75% occupancy rate upon delivery, based on already signed contracts.
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