ARTICLES LABELLED WITH TAG Budapest

News CPI keeps CBRE on as PM for Budapest malls
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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News Major deals ahead for the Hungarian investment market
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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News M7 acquires two Budapest assets for €20 million
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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News Futureal sells Hungarian shopping centre to OTP fund
05
May
2017

Futureal sells Hungarian shopping centre to OTP fund

by Ákos Budai
Futureal has sold its Sziget Center shopping mall in Hungary to OTP Property Investment Fund as part of the deal that also saw the purchase of the Skypark office building. After a successful repositioning, the 23,600 sqm center located on the outskirts of Budapest has managed to lure high-profile tenants and tripled its lease income over the last two and a half years.
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News CBRE publishes Budapest office and metro map
03
May
2017

CBRE publishes Budapest office and metro map

by Ákos Budai
The Váci Road office corridor, the central business district (CBD) and the inner quarters of Pest are the most significant office locations in Budapest. The Budapest office of CBRE has synchronized its office market database with the metro lines and stations to highlight the current status of the city’s office market.
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News Is Budapest ready to become a smart city?
02
May
2017

Is Budapest ready to become a smart city?

by Ákos Budai
Smart buildings and smart infrastructure are essential parts of a liveable, sustainable, future-proof and truly smart city, something that population centres all over the world aspire to be. Things have started going in the right direction but the Hungarian capital still has a long way to go before it can establish itself as a smart city. The vision of Budapest as smart city, officially approved by the City Council, was presented at the latest Green Talk, organised by RICS and the Hungary Green Building Council (HuGBC).
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News New office development to start in South Buda
02
May
2017

New office development to start in South Buda

by Ákos Budai
Berlin-based developer Bischoff & Compagnons is to start a new office development, named Alphagon, in the South Buda area of Budapest. CBRE has been commissioned with the leasing of the property.
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News Futureal sells Corvin Skypark in Budapest to OTP fund
27
Apr
2017

Futureal sells Corvin Skypark in Budapest to OTP fund

by Ákos Budai
Futureal Group sold its Skypark office building to the OTP Prime Property Investment Fund. The recently closed transaction increased the value of the fund’s property portfolio to over HUF40 billion. The complex, with 25,000 square meters of GLA, is located at the Corvin Promenade mixed use project in the center of Budapest and was designed to meet the needs of technology and R&D companies.
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News Wing turns Budapest shopping mall into office building
24
Apr
2017

Wing turns Budapest shopping mall into office building

by Ákos Budai
Wing is transforming the Material Center building in Budapest, which until now has operated as a shopping mall, into an office building. The building, which has an area of over 20,000 square metres, will be fully converted and renovated to a high standard, to be reborn as the Skylight City office centre. The preparatory works have already begun, and offices are already available for rental in the building.
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News Budapest industrial stock expands further
19
Apr
2017

Budapest industrial stock expands further

by Ákos Budai
The vacancy rate on the Budapest industrial market declined 2.2 percentage points q-o-q, reaching a record low of 5.9% at the end of Q1 2017. The Budapest Research Forum published its quarterly industrial market analysis.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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