Construction works in Hungary started during H1 2024 fell by 11% compared to the same period of last year, according to the latest EBI Construction Activity Report prepared by Eltinga, Buildecon and iBuild.
Property investment group Wing has fully completed the Liberty mixed-use project in Budapest after delivering 20,000 sqm of offices in the second phase.
Budapest has been named the best ‘workcation’ city in the world, beating competition from the likes of New York, Berlin and Singapore, according to IWG’s second Work from Anywhere Barometer.
The headline RICS Commercial Property Sentiment Index (CPSI) holds steady in the latest survey for Q2 2024, while the outlook for secondary offices and retail remains particularly negative in many markets.
Recorde Asset Management, the real estate fund management arm of Concorde Group, in close strategic cooperation with Forestay Group, is investing in the Móricz Student Living student residence and office building.
Total demand for office spaces in Budapest was up 21% year-on-year to 238,400 sqm, of which net take-up accounted for 105,860 sqm, according to the Budapest Research Forum (BRF).
Wing will open next year a new 4-star hotel with direct terminal access to the Budapest Liszt Ferenc International Airport. The hotel will be operated under a management agreement with Accor.
Boss brand store has doubled the space it occupies in Designer Outlet Sosnowiec. After two years of presence in the shopping centre, the German clothing manufacturer expanded its offering to include women's collections and moved to larger premises. The brand now occupies a 340 sqm showroom.
Knight Frank has chosen the Vibe office building in Warsaw's Wola district as its new Warsaw headquarters. The agency has leased almost 1,000 sqm on the 9th floor of the building. The contract was signed for a period of 7 years.
A branch of Sollers Consulting, an international company from the business and IT consulting sector, has extended its lease agreement for 1,100 sqm of office space in the Officyna building in Gdańsk. Savills consultancy represented the company in the negotiation process.
New appointments
Jarosław Szanajca will move from the management board of Dom Development to the supervisory board of the company. He will be replaced in the chairman's seat from 1 January 2025 by Mikołaj Konopka, until now a member of the company's management board.
From the beginning of September this year, the Tricity branch of the APA Wojciechowski Architects studio will be managed by Anna Essler-Lango, and she will be supported by Karol Wyrzykowski. They will both become partners in the company.
Małgorzata Jankowska - Blank joins Newgate Investment to take up the position of Head of Legal.
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