ARTICLES LABELLED WITH TAG Budapest

News Granit Polus to launch new city centre development in Budapest
22
Nov
2017

Granit Polus to launch new city centre development in Budapest

by Import Sys
Granit Polus is about to transform the most valuable plot of land in Budapest by a large-scale mixed-use development. The new district will host office buildings, retail units, residential areas and hotels.
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News OTP fund buys Budapest office building
22
Nov
2017

OTP fund buys Budapest office building

by Import Sys
OTP Property Investment Fund has acquired the BSR Center office building in Budapest from a fund managed by GLL Real Estate Partners.
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News Atenor sells fourth building in Budapest complex
16
Nov
2017

Atenor sells fourth building in Budapest complex

by Import Sys
Atenor announced the forward sale of the fourth building on the Váci Greens complex in Budapest to a Hungarian private fund. Building D comprises 14,145 sqm of office space, 1,502 sqm of commercial units and underground parking for 260 vehicles. Scheduled for completion by the beginning of 2018, the building is already partially (25%) leased to Unilever and to retail traders. The purchase price is estimated to be around €44 million.
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News New office building to open in Budapest’s CBD
16
Nov
2017

New office building to open in Budapest’s CBD

by Import Sys
A new Class A office building in Budapest’s CBD is to be delivered this year. The former electrical transformer building will comprise 2,630 sqm of modern office space on five floors. According to the developer, Markó Irodák 9 (MI9) is tailored to meet the requirements of creative workshops, start-up companies and other undertakings taking an up-to-date approach in general.
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News Granit Polus ownership consolidation continues
15
Nov
2017

Granit Polus ownership consolidation continues

by Import Sys
Continuing the ownership consolidation program started two years ago, Peter Munk, a Canadian businessman, was bought out of Granit Polus. In the new ownership structure, Sándor Demján and his direct management are the majority owners of the group of companies. Sándor Csányi remained as minority owner.
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News Granit Polus secures €335 million loan for Budapest mall
14
Nov
2017

Granit Polus secures €335 million loan for Budapest mall

by Import Sys
Granit Polus Group has signed a credit agreement of €335 million with a syndicate of Erste Group Bank AG, Erste Bank Hungary Zrt., UniCredit Bank Hungary Zrt., UniCredit SpA and K&H Bank Zrt. in order to refinance existing loans and provide a capex credit line for WestEnd City Center.
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News  Bischoff & Compagnons to start construction in Budapest
13
Nov
2017

Bischoff & Compagnons to start construction in Budapest

by Import Sys
Bischoff & Compagnons is about to start the construction of the Alphagon Office Building in the South Buda part of Budapest. The scheme is to be completed in Q2 2019.
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News Cushman & Wakefield open Portfolio Services Centre in Budapest
31
Oct
2017

Cushman & Wakefield open Portfolio Services Centre in Budapest

by Import Sys
Cushman & Wakefield selected Budapest as the location of their Portfolio Services Centre (PSC) solution. The new 1,300 sqm PSC is located in the Studium Office Building, close to Corvinus University and many cultural venues and sights. The team is being led by Byron Tudor who has joined from Goldman Sachs International.
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News New office developments are reshaping CEE capitals
26
Oct
2017

New office developments are reshaping CEE capitals

by Import Sys
The office markets of Central European capitals are growing dynamically with the number of new leases on the rise and vacancy rates hitting record lows in several cities. In light of all this it is no surprise that development activity is also heating up on the most popular markets of the region.
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News €1.3 billion invested in Hungarian real estate year-to-date
19
Oct
2017

€1.3 billion invested in Hungarian real estate year-to-date

by Import Sys
During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion, according to JLL Hungary’s latest statistics.
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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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