ARTICLES LABELLED WITH TAG Budapest

News Industrial vacancy up again in Budapest in Q1 2024
25
Apr
2024

Industrial vacancy up again in Budapest in Q1 2024

by Property Forum
The vacancy rate at the end of Q1 2024 reached 8.9% in Greater Budapest, representing a 0.3 percentage points increase quarter-on-quarter, while an increase of 3 percentage points was registered year-on-year, the Budapest Research Forum reports.
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News Prague sees increased interest from premium brands for high street units
24
Apr
2024

Prague sees increased interest from premium brands for high street units

by Property Forum
Prague is the only city in the CEE region to boast a prime high street, a shopping street with only the most prestigious global brands, according to Colliers. This location is Pařížská (Paris) Street, where currently 46 out of 48 available retail units are occupied.
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News Net office take-up grows significantly in Budapest
23
Apr
2024

Net office take-up grows significantly in Budapest

by Property Forum
The office vacancy rate increased to 13.8% in the first quarter of 2024, representing a 0.4 pps growth quarter-on-quarter and 1.5 pps increase year-on-year. However, the net take-up showed a healthy 25% growth, the Budapest Research Forum (BRF) reports.
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News Time Out Market to open new unit in Budapest
17
Apr
2024

Time Out Market to open new unit in Budapest

by Property Forum
Time Out Market Budapest is set to open in 2025 at Corvin Palace at Blaha Lujza Square. The historic department store first opened in 1926 and has recently been renovated back to its original neoclassical state and redeveloped as a mixed-use real estate property offering retail, leisure and a hotel, timeout.com reports.
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News Cordia launches €1 billion resi project in Budapest
17
Apr
2024

Cordia launches €1 billion resi project in Budapest

by Property Forum
Futureal Group’s subsidiary, Cordia Zrt. has kicked off its new mega project called Marina City, aiming to build 2,500 apartments, recreational facilities and several amenities on a former industrial site at the river Danube. The HUF 400 billion (€1 billion) project is a landmark development in the northern part of the Hungarian capital.
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News Landlords are under pressure from tenants and banks on ESG
10
Apr
2024

Landlords are under pressure from tenants and banks on ESG

by Ákos Budai
As development activity has slowed down, the focus is shifting to managing the existing stock across the whole commercial real estate market. Owners and other stakeholders have to adapt rapidly to serve changing demand from occupiers, said Benjamin Perez Ellischewitz MRICS, Principal at Avison Young in Hungary, while answering Property Forum’s questions at Mipim in Cannes.
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News Indotek Group buys shopping centre in Budapest
27
Mar
2024

Indotek Group buys shopping centre in Budapest

by Property Forum
Hungarian real estate developer and investor Indotek Group has closed the purchase of a downtown shopping centre in Budapest, online business site Portfolio reports, citing Cushman & Wakefield, the main assistant of the deal.
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News Tallest tower in Europe to be built in Budapest
19
Mar
2024

Tallest tower in Europe to be built in Budapest

by Property Forum
UAE-based property developer Eagle Hills plans to build a completely new city centre in Budapest. Plans contain several highrise offices, residential and retail units, including the tallest tower in Europe.
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News IWG to further expand in Hungary's office market
19
Mar
2024

IWG to further expand in Hungary's office market

by Property Forum
Flex office services provider IWG continues to grow its presence in Hungary, reaching a total of 25 locations by the end of 2024, including 18 overall in the capital.
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News Next phase of Millennium Gardens gets occupancy permit in Budapest
12
Mar
2024

Next phase of Millennium Gardens gets occupancy permit in Budapest

by Property Forum
TriGranit and Revetas Capital have officially obtained the occupancy permit for the second phase of the Millennium Gardens office complex. The two phases offer 37,000 sqm of office and retail space in the vicinity of the river Danube. 
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Latest news


New leases

  • Another fast-growing Polish company has picked Metropolitan Warsaw for its headquarters. Rock Capital, a leading retail park developer and investor in Poland, now occupies modern office space overlooking the Grand Theater and Moliera Street. The Rock Capital's new headquarters, designed by BIT CREATIVE studio and its founder Barnaba Grzelecki, spans 460 sqm of premium office space on the first floor.
  • The largest retail chain in Poland offering RTV/AGD equipment has leased over 4,200 sq m of modern space in the MLP Poznań logistics centre. Media Expert will start operating in the new location in July 2025. The company was advised by Cushman & Wakefield in the leasing process
  • Supeco, the discount format operated by the Carrefour Group, will open a new store spanning 1,300 sqm in FunShop Park Ploiești starting Q3 2025. With this new lease deal, Scallier’s retail project is now almost fully occupied.

New appointments

  • Former Taylor Wessing Counsel and Head of Real Estate Peter Malovec has joined CTP Slovakia as its new Head of Legal.
  • Matexi Polska is strengthening its management structure. Jesika Mackiewicz has joined the management boards of companies implementing residential projects in Warsaw. This manager, with over 10 years of experience in the real estate industry, will support Matexi Polska's continued growth in the capital market.
  • 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.

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