ARTICLES LABELLED WITH TAG Budapest

07
Jan
2021

Avison Young expands in CEE with strategic affiliation in Hungary

by Property Forum
Mark E. Rose, Chair and CEO of Avison Young announced a strategic affiliation with real estate advisory and asset management group Limehouse, which will now operate its advisory services in Hungary under the Avison Young brand, while carrying on its asset management activity in parallel as Limehouse Partners.
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18
Dec
2020

Atenor reports on archaeological finds under Budapest project

by Property Forum
Belgian real estate developer Atenor entrusted the Budapest History Museum with the archaeological excavation of the plot of 68-84 Bécsi Road in Óbuda, on which it is implementing one of its latest projects, the 15,000 sqm RoseVille office building. The archaeological research carried out on the plot is significant as it was finally possible to examine the large, connected area of the Roman time cemetery of the military town of Aquincum.
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14
Dec
2020

Wing completes development of Budapest office building

by Property Forum
Developed by Wing, the brand-new headquarters building of evosoft Hungary Kft., a Siemens subsidiary, was completed on time and tailored fully to the tenant’s needs. Located at the Buda end of the Rákóczi Bridge, the 22,000 sqm complex was completed as part of the second phase of the Hungarian Nobel Prize Winners R&D Park. The building, home to a six-storey research and development facility, is equipped with cutting-edge technology and meets Gold-level environmental friendliness and energy efficiency LEED certification criteria. Evosoft is expected to begin moving into the building in December 2020.
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08
Dec
2020

HelloParks continues expansion in Hungary with new project

by Property Forum
In the eastern agglomeration of Budapest, next to the M0 ring road, HelloParks continues its expansion with a new development in Maglód. As a member of Futureal Group, the company has started preparations for the implementation of HelloParks Maglód’s first 46,000 sqm facility being built in the first phase, on a 46 ha site located in the vicinity of M4 and M5 highways and Liszt Ferenc International Airport. The industrial and logistics centre will include a range of facilities exceeding a total area of 193,000 sqm hat meet the requirements of the BREEAM sustainability standard. The announcement of the investment in Maglód follows the company’s recent purchase of its first 76 ha site, also situated next to the M0 highway in Fót, where HelloParks Fót logistics megapark is under development.
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07
Dec
2020

GTC issues €110 million of green bonds in Hungary

by Property Forum
On 3 December 2020, GTC’s subsidiary, GTC Real Estate Development Hungary Zrt., issued 792 pieces of senior unsecured bonds, with the nominal value of HUF 50 million each and the total value of HUF 39.6 billion (approximately €110 million). The bonds will be fully guaranteed by GTC S.A.
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07
Dec
2020

Budapest hotels face more challenges due to COVID-19

by Property Forum
The impacts of COVID-19 have been felt far and wide across industries, and especially so for the travel and tourism industry. Cushman & Wakefield has published its Q3 Budapest Hospitality Marketbeat report.  
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17
Nov
2020

Resolution Property enters Hungary with Budapest acquisition

by Property Forum
Resolution Property has completed the acquisition of a ca. 37,200 sqm office portfolio in Budapest, Hungary. The portfolio is comprised of two fully let, recently refurbished, Class A office buildings, Margit Palace and Buda Square, acquired from CEE-focused Hungarian fund manager Adventum Ltd.
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17
Nov
2020

Crowne Plaza signs first hotel in Budapest

by Property Forum
IHG (InterContinental Hotels Group) has signed a management agreement with Granit Polus Group for a compelling property to be re-branded to Crowne Plaza Budapest in 2021. The hotel, located in downtown Pest in the same building complex as the Westend City Centre shopping centre, is currently operated by Hilton under the name Hilton Garden Inn Budapest City Centre.
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11
Nov
2020

Budapest rents hit 2017 levels in September

by Property Forum
Hungary’s rental property market had an uneven month as prices were on average 5% lower than a year earlier according to the joint Rent Index of the Central Statistical Office (KSH) and real estate portal ingatlan.com. Rents were down 0.7% compared to August in Budapest in September, the last month of the season, while prices in other regions in Hungary remained level.
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09
Nov
2020

GTC completes sale of Budapest office building

by Property Forum
GTC has sold Spiral, a Class A office building located in Budapest, Hungary. The sale will generate €41 million of free cash.
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Latest news


New leases

  • M7 Real Estate has completed the letting of a 1,025 sqm retail unit at the newly refurbished Csillag Center in Budapest to Polish fashion brand, Sinsay, on behalf of M7 CEREF I.
  • Insurer Euroins Romania has leased 2,500 sqm in J8 Office Park, the project developed by Portland Trust in northern Bucharest. The office building with a total leasable area of 44,000 sqm will be delivered later this month.
  • The PYC-SPORT company, a producer and distributor of professional sports equipment, has decided to lease over 3,000 sqm of warehouse and office space in the Panattoni Park Business Center Łódź II. AXI IMMO was advising the tenant in the negotiation process.

New appointments

  • Silviana Petre Badea has been named Deputy Head of CEE Capital Markets at real estate consultancy JLL. At the same time, she will hold the role of Managing Director of JLL Romania.
  • Adrian Bojczuk has joined Tétris' Polish office to take on the newly created position – EMEA Investors and Landlords Client Development Director. He will work closely with the management and business development teams in each country, as well as with the JLL Investor team in EMEA.
  • Savills has strengthened its Office Agency in Poland with the appointment of Marcin Sabowicz and its Industrial Agency with Adam Włochyński.


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