ARTICLES LABELLED WITH TAG Hungary

17
Sep
2021

New shopping centre in Budapest opens today

by Property Forum
Etele Plaza is going to open its doors to the public at 10 AM on September 17, 2021. Budapest’s latest shopping and entertainment centre located in the immediate vicinity of Etele square, Kelenföld will offer a range of stores and services. Futureal’s €300 million development is also the first smart shopping centre in Hungary.
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13
Sep
2021

Shopping centre visitors are becoming increasingly conscious

by Property Forum
Shoppers are becoming increasingly conscious and are looking for easily accessible, environmentally friendly shopping centres that also have outdoor green areas, a representative survey called "The role of shopping centres in the 21th century" by Westend and Marketing Resolution found. The survey examined the customer habits of people living in Budapest and its suburbs, including how often they visited their favourite malls, what experiences they were looking for there or what products were in highest demand.
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09
Sep
2021

ConvergenCE sells Budapest office building to local investor

by Property Forum
ConvergenCE closed the sale of the Árpád Center office building at the end of summer 2021. The property at the junction of Árpád Bridge and Váci Road was acquired by Investum Kft. During the transaction, ConvergenCE was represented by Cushman & Wakefield.
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08
Sep
2021

Paris-based MNK Partners buys university building in Budapest

by Property Forum
MNK Partners has acquired the Kodolányi János University building on Frangepán Street in Budapest on behalf of its MNK One Fund.
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08
Sep
2021

Wing to launch new office development project in Budapest

by Property Forum
Wing, one of the largest real estate companies in Hungary, is launching a new office development. HOP Passage will be a part of Hungária Office Park (HOP), the complex at the former Siemens site on Hungária körút. With 32,000 sqm of Class A+ office space, this new building will meet environmental and accessibility rating criteria and will offer customisable offices looking out onto an inner garden to its tenants, with flexible terms. Preparatory work is to start in late 2021, and the new building is expected to be completed at the end of 2023.
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08
Sep
2021

GTC Hungary appoints new Country Head Deputy in Hungary

by Property Forum
GTC has promoted Ede Gulyás to the position of Country Head Deputy, as of August 1, the company announced. In his role, Ede will be responsible for all GTC’s operations in Hungary. His extensive experience in leasing and asset management, as well as in-depth knowledge of real estate, will help steer the company’s growth in the local market. GTC invested €264 million in Hungary, in the first six months of 2021.
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08
Sep
2021

Forestay Group appoints new Business Development Director

by Property Forum
As of September 2021, Tamás Sellyey has been appointed Director of Strategy and Business Development at Forestay Group, with a key role in the Group's major expansion plans. His mandate will fully cover organisational and business development processes, increasing the order book for engineering and fit-out services, as well as promoting in-house developments managed by the Group's fund management.
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07
Sep
2021

Gap enters the Hungarian market

by Property Forum
Gap, the American casual clothing and accessories brand, announced its entry into the Hungarian market through a franchise partnership with Ganeta Pannónia Kft. The brand will be introduced to customers through Gap-branded stores in the country, beginning with the opening of a Gap freestanding store in Etele Plaza in September 2021.
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07
Sep
2021

CBRE brokers sale of Budapest office building

by Property Forum
The IN15 Office Park in Northern Pest has changed hands. CBRE supported the seller's side in the transaction. The 19,000 sqm office building’s sale shows that there is activity in the market despite the pandemic.
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02
Sep
2021

Hungary sees improving construction figures in Q2 2021

by Property Forum
After a relative stagnation in previous quarters, Q2 2021 saw a considerable expansion in the Activity Start indicator of the EBI Construction Activity Report. It was the first three months of 2018 last that witnessed a higher value of construction works to start in a quarter. In H1 2021, projects entered the construction phase on a total of HUF 1,398 billion, marking a significant increase of 20% and 18%, respectively, against the same period of the previous two years.
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Latest news


New leases

  • Tech start-up A4BEE has leased 600 sqm of office space in Wojdyła Business Park in Wrocław. Cushman & Wakefield advised the owner for this transaction.
  • Colliers branch in Katowice has changed its address. Since September the office is located in the .KTW I building on Roździeńskiego Avenue 1a. Colliers has taken the space on the first floor of the building.
  • Meat2Eat has leased 400 sqm for a new restaurant that it opened on the ground floor of One Tower office building in Bucharest. The transaction was brokered by Cushman & Wakefield Echinox. The building is owned by Romanian developer One United Properties.

New appointments

  • Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
  • Craig Maguire has been appointed Head of Pan-European Logistics for BNP Paribas Real Estate. He will head up the European coordination of the Logistics business (Investment and Rentals/Sales), alongside the local teams of BNP Paribas Real Estate.
  • Victor Cosconel is the new Head of Industrial & Business Development at real estate consultancy Colliers Romania. He has more than 20 years’ worth of experience in sales, business development and general management. Before joining Colliers, he was CEO of Sodexo Bulgaria.


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