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News IWG adds two Regus offices in Hungary
24
Jun
2024

IWG adds two Regus offices in Hungary

by Property Forum
International Workplace Group (IWG), the provider of hybrid work solutions, has announced the opening of two flexible workspaces in Budapest and Miskolc under the Regus brand.
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News Puzl CowOrKing expands to Budapest
21
Jun
2024

Puzl CowOrKing expands to Budapest

by Property Forum
Sofiab-based IT coworking operator Puzl CowOrKing will open a new location in Budapest as part of its CEE expansion strategy. 
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News Avico Group to deliver resi building in Budapest in Q1 2025
18
Jun
2024

Avico Group to deliver resi building in Budapest in Q1 2025

by Property Forum
Avico Group has reached structural completion for its Univery residential project located in Budapest’s District VIII and aims to deliver the building in Q1 2025.
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News Czech UDI Group prepares for hotel construction in Budapest
12
Jun
2024

Czech UDI Group prepares for hotel construction in Budapest

by Property Forum
International developer UDI Group is developing the Parkside project in Budapest. Baltic hotel group Mogotel is confirmed to operate it under the Staybridge Suites brand name of the global hotel chain IHG.
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News Forty Management to deliver lagoon in Bucharest this week
10
Jun
2024

Forty Management to deliver lagoon in Bucharest this week

by Property Forum
Romanian developer Forty Management will open this week, in Bucharest, a public access lagoon, part of Lagoon Park Bucharest project, following an investment of €33 million.
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News Hungarian state buys back Budapest Airport
06
Jun
2024

Hungarian state buys back Budapest Airport

by Property Forum
After more than a year of intensive negotiations, the sale and purchase agreement for Budapest Airport Zrt. was signed on Thursday, Hungary's Ministry of National Economy said in a statement. The Hungarian state acquired an 80% stake at a purchase price of €3.1 billion (HUF 1,207.5 billion), and the €1.44 billion (HUF 560.93 billion) loan taken out by the previous owners was extended.
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News Accor to open first Swissôtel branded hotel in Hungary
28
May
2024

Accor to open first Swissôtel branded hotel in Hungary

by Property Forum
The new Swissôtel Lagoon Budapest hotel will offer 200 rooms and apartments overlooking a man-made lagoon by the Danube River. Romanian property developer Forty Management will oversee the project. The handover is scheduled for 2028.
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News Why Budapest? The story behind Time Out Market choosing Corvin Palace
22
May
2024

Why Budapest? The story behind Time Out Market choosing Corvin Palace

by Property Forum
Remodelling an iconic commercial building and preserving its historic heritage is a challenge. Finding a perfect tenant mix for a long period is an even bigger problem. Property Forum asked Oliver Balogh and Viktor Balogh, founders of Corvin Palace Kft. about the ways the development company met these challenges.
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News Ennismore announces signing of SO/ Budapest
17
May
2024

Ennismore announces signing of SO/ Budapest

by Property Forum
Lifestyle and leisure hospitality company Ennismore announced the signing of SO/ Budapest, the brand’s first destination in Hungary. SO/ Budapest will open in 2026, following extensive refurbishment of both the exterior and interior of the building.
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News Wing structurally completes Budapest office development
16
May
2024

Wing structurally completes Budapest office development

by Property Forum
The WING Liget Center multi-building development will involve not only the reconstruction of two buildings listed as historic monuments – serving as the main offices for TV channel RTL – but a brand-new boutique office building named Liget Center Vitrum will also be completed in the autumn. Construction is proceeding on schedule, and the Vitrum building is now structurally complete. Vitrum is a nearly zero energy building and will offer a total of 2,200 square metres of leasable office space over six floors. The building will be handed over in its shell and core stage in autumn 2024.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • 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.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • 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.

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