ARTICLES LABELLED WITH TAG Hungary

13
Jun
2019

Colliers Hungary names new leasing director

by Property Forum
Colliers has appointed Melinda Kovacs as new Head of Landlord Office Agency for Hungary in Budapest.
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05
Jun
2019

GTC breaks ground on new Budapest project

by Property Forum
GTC is gearing up in Budapest by commencing construction of Pillar office project located in the Budapest’s 13th district,. Recently, GTC celebrated the completion of their LEED Platinum certified GTC White House office building located also in Váci Road corridor, fully leased to BlackRock, Range Rover Jaguar, and Spaces. To further expand its position on the Budapest office market, GTC acquired one more land plot adjacent to GTC’s Center Point to increase the development pipeline to over 100,000 sqm of office space.
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24
May
2019

Hungarian and Czech markets remain global leaders in market sentiment

by Ákos Budai
According to the RICS Commercial Property Monitor, Hungary has the strongest occupier sentiment and the Czech Republic has the strongest investment sentiment among the 40 countries surveyed in Q1 2019. Market expectations remained fairly positive across Central and Eastern Europe in the first quarter of the year, with the share of those stating that we have reached the peak of current property cycle decreasing compared to previous quarters.
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23
May
2019

GRT Group develops new office building in Budapest

by Property Forum
Construction has begun on the Office Garden IV complex, which is being developed in Budapest by GRT Group, with the work to be completed in Q2 2021.
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23
May
2019

Futureal sells Budapest office building to Erste Real Estate Fund

by Property Forum
Futureal Group has sold its Advance Tower located on the Váci road office corridor to Erste Real Estate Fund. This is the first transaction in the Hungarian market, which includes a WELL pre-qualified office building having a beneficial impact on employees’ health and comfort. The real estate fund has acquired the first phase of the complex developed by the group, while the second phase could join its portfolio under a forward deal.
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23
May
2019

White Star to start new warehouse project in Budapest

by Property Forum
White Star Real Estate is starting construction of a new business park, named park22, which is adjacent to the Campona Shopping Centre in southern Budapest. This multi-phase offers prospective tenants flexible solutions that reflect today’s market needs including warehouses with mezzanine office units and independent office spaces. In the course of implementing the project, special emphasis is being given to maintaining a healthy balance between green space and buildings, as the 15-hectare site will comprise of 60,800 sqm of lettable warehouse and office space and 53,500 sqm of greenery.
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09
May
2019

Wing buys Budapest office building from M7 Real Estate

by Property Forum
Wing has acquired the Liget Center office building in Budapest from the M7 CEREF I fund managed by M7 Real Estate. The property comprises 7,000 sqm of office space and a 3,800 sqm auditorium. The new owner plans to improve the services offered by the building by adding new services and to find a new use for the empty auditorium.
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09
May
2019

Wing buys property management company

by Property Forum
Wing has become the full owner of property management company Strabag Property and Facility Services Zrt. by indirectly acquiring an additional 51% share in the company. Following the change, the company will continue to operate under the name NEO Property Services Zrt. as of 29 April 2019. The acquisition was approved by the National Competition Authority. Wing is committed to further strengthening NEO Property Services Zrt. as a leader in property-related services segment.
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02
May
2019

Cordia concludes loan agreements worth €87 million

by Property Forum
Following the financing agreements worth €51 million announced in January, Hungarian residential property developer, Cordia has signed further loan agreements worth €86.6 million. Futureal Group’s subsidiary has concluded the recent contracts with OTP Bank, Takarék Group and Sberbank in order to finance its 5 residential property projects in Budapest.
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25
Apr
2019

Solid demand for Budapest industrial space

by Property Forum
Total demand on Budapest’s industrial market amounted to 83,680 sqm in Q1 2019, marking a 19% decrease from the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.
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