ARTICLES LABELLED WITH TAG Budapest

News Office development is booming in Budapest
19
Jul
2017

Office development is booming in Budapest

by Ákos Budai
Construction cranes are a common sight when walking around Budapest, marking the rapid property development taking place. Soon, scores of office buildings will appear out of nowhere. The changes are especially dramatic on Váci Road. Just a few minutes’ walk north of the metro station on Dózsa György Road there are three adjacent construction sites. But there are developments in progress all over the city, paving the way for new business centres.  
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News Record high demand for industrial space in Budapest
17
Jul
2017

Record high demand for industrial space in Budapest

by Ákos Budai
Total demand on the Budapest industrial property market amounted to 212,750 sqm in Q2 2017, which is the highest quarterly volume ever on record. The Budapest Research Forum published its quarterly industrial market analysis.
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News Futureal Group starts construction of Corvin 5
12
Jul
2017

Futureal Group starts construction of Corvin 5

by Ákos Budai
Futureal Group has started the construction of the Corvin 5 office building in Budapest. The first phase of the building is expected to be handed over by the end of 2018. The complex valued at €90 million is also among the firsts to receive Well Building certification in Hungary since it has already been registered in the international process of the standard system.
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News No new completions on the Budapest office market
11
Jul
2017

No new completions on the Budapest office market

by Ákos Budai
The Budapest office market vacancy rate has decreased to 8.6% in Q2 2017, which is the lowest rate ever on record.  Renewals were the major driver of the leasing activity while no new buildings were completed in the quarter. The Budapest Research Forum published its newest figures.
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News Colliers Hungary welcomes Michael Smithing back
06
Jul
2017

Colliers Hungary welcomes Michael Smithing back

by Ákos Budai
Colliers International Hungary announced that Michael Smithing has returned to the Office Agency Team as Director of Landlord Representation, effective immediately.
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News New office development starts in Central Buda
30
Jun
2017

New office development starts in Central Buda

by Ákos Budai
Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction of the 5,000 sqm, Class A+, LEED Platinum pre-certified Ecodome office building on a speculative basis
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News M7 Real Estate teams up with CBRE in Hungary
30
Jun
2017

M7 Real Estate teams up with CBRE in Hungary

by Ákos Budai
After entering the Hungarian market in 2016, M7 Real Estate has chosen the Budapest office of CBRE to manage the entire Hungarian real estate portfolio within the M7 CEREF I Fund. 
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News What’s next for Budapest’s retail market?
22
Jun
2017

What’s next for Budapest’s retail market?

by Ákos Budai
The residential and office markets have received the lion's share of attention in Budapest recently, but the retail market is also gaining more interest from both tenants and investors. Tourism is booming, domestic purchasing power is growing and the only thing that can hinder growth is the lack of available space and new developments on the market.
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News Colliers sells industrial building in Hungary
22
Jun
2017

Colliers sells industrial building in Hungary

by Ákos Budai
The Industrial division of Colliers International Hungary sold the Scanfil building in Rozália Park to Reál food store chain. The building totalling 14 500 sqm was used by Scanfil for the production of mechanics and integrated products and will be now used by Reál as distribution centre for the greater Budapest area.
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News Are Czech cities smarter than Hungarian ones?
15
Jun
2017

Are Czech cities smarter than Hungarian ones?

by Ákos Budai
Bank cards play an increasingly bigger role in every aspect of our lives and passengers in CEE countries are becoming increasingly open towards using electronic payment solutions to pay for public transport services. Frantisek Jungr, Senior Business Development Manager for the CEE Region at Visa Europe talks to Property Forum about the experiences he gained during the implementation of electronic ticket systems in the Czech Republic, and while learning about the Czech examples, we also examine the shortcomings of Budapest’s current and future ticket system.
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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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