Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.

Office properties continued to be both the most abundant and attractive investment assets on the Hungarian commercial real estate market in 2020, according to DLA Piper Hungary’s latest annual report.

DL Invest Group has concluded a cooperation agreement with DHL Supply Chain Polska concerning the joint development of the logistics centre DL Invest Park Psary. Right next to the DK-86 route in Psary in Silesia, modern warehouse buildings with a total area of over 200,000 sqm will be constructed.

DLA Piper has launched a new "proptech" practice for the real estate and construction sector and new technologies. The firm's Polish proptech team is led by Poland Co-Managing Partner Jacek Gizinski, Head of Real Estate, and Ewa Kurowska-Tober, Head of Intellectual Property and New Technologies.

Last year there has been a significant increase of interest from investors for logistics properties and properties for development, which signals the emergence of the automotive and e-commerce industry as well as the start of large-scale real estate developments – says DLA Piper’s annual Hungarian Real Estate Intelligence Report. According to DLA Piper, the increased acquisition activity from developers will translate into new commercial assets being introduced into the market around 2017 Q4 and 2018 Q1.