ARTICLES LABELLED WITH TAG Hungary

04
Apr
2019

Spaces expands in Prague and Budapest

by Property Forum
JLL has provided space for 2 new branches of the international provider of co-working offices Spaces. In November this year, Spaces open in the low-energy building Nile House in Karlín, where they will occupy more than 3,500 sqm. One month later, they will take over 3,300 sqm in the SmíchOFF office building in Prague 5. At the same time, Spaces announced its first location in Hungary. The co-working operator will move into GTC White House in Budapest in Q4 2019. CBRE acted as adviser to the deal.
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04
Apr
2019

Biggeorge plans large mixed-use project in Budapest

by Property Forum
Local developer Biggeorge Property has unveiled plans for a new city centre development in Budapest’s Óbuda district. The 5 ha project would include 1400 apartments and 10,000 sqm of commercial space upon completion. Handover of the first phase with 257 apartments in three buildings is scheduled for 2010.
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04
Apr
2019

Atenor starts new office project in Budapest

by Property Forum
Atenor has signed an agreement, relating to the acquisition of more plots in the third district of Budapest, totalling an area of approximatively 5,000 sqm. This site is located 400 meters from Kolosy Square.
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20
Mar
2019

BNPPRE to manage Immofinanz’s Hungarian offices

by Property Forum
BNP Paribas Real Estate has been mandated by Immofinanz to provide property management services as of January 2019 in respect of approximately 160 000 sqm of the Hungarian office portfolio owned by Immofinanz.
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14
Mar
2019

More market players consider CEE property to be expensive

by Ákos Budai
Investment market momentum is still firmly positive across Central and Eastern Europe but an increasing share of market players feel that commercial property has become expensive in the countries surveyed by the RICS Commercial Property Monitor. Although the majority of the survey’s contributors believe that the market is in the peak phase of the property cycle, growth is set to continue in the coming year.
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13
Mar
2019

Wing announces new office project in Budapest

by Property Forum
Hungarian developer Wing has announced the launch of the Gizella Loft, a new office project at Siemensʼ Gizella út site acquired last year. The 8,500 sqm is set to offer modern, human-focused offices for potential tenants from the end of 2019.
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08
Mar
2019

FLE GmbH buys Budapest hotel

by Property Forum
Vienna-based FLE GmbH, part of the French LFPI Group, announced the purchase of the Achat Premium Budapest, a four-star hotel with 135 rooms, east of Budapest’s city centre, on behalf of Luxembourg-based fund FLE SICAV FIS.
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28
Feb
2019

AEW acquires mixed-use assets in central Budapest

by Property Forum
AEW has acquired two historic, mixed-use properties on Andrássy Avenue in Budapest, on behalf of a German separate account.
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28
Feb
2019

Office rental growth set to continue globally

by Property Forum
Hong Kong will retain its title as the world’s most expensive office market despite rents being forecast to decrease in 2019, according to Knight Frank’s latest Global Outlook Report. Knight Frank's chief economist believes that there is a compelling global case for continued rental growth across the global cities.
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21
Feb
2019

CTP expands in Hungary and the Czech Republic

by Property Forum
CTP has recently announced new leases and development completions, in addition to ambitious plans for future expansion, in the Budapest region of Hungary and Northwest Bohemia and Moravia in the Czech Republic.
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