ARTICLES LABELLED WITH TAG Hungary

News Local players in CEE remain highly competitive
19
Sep
2023

Local players in CEE remain highly competitive

by Property Forum
While international investors remain cautious, local players from CEE remain actively engaged, opportunistically monitoring the market, and taking advantage of reduced competition. Gábor Zeller, Senior Director, Capital Markets at iO Partners Hungary, talked to Property Forum about key investment trends and shared his market expectations for the rest of the year.
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News Demand for nearshoring is weaker than expected
18
Sep
2023

Demand for nearshoring is weaker than expected

by Property Forum
Demand for modern industrial space is still considerably high though European manufacturing companies are not taking home their production as quickly as earlier expected. Meanwhile, Asian firms in the automotive industry are increasingly seeking proper warehouses and logistics service providers. Property Forum asked Máté Szoboszlay, Director of Capital Deployment at Prologis Hungary about the change in e-commerce-related demand and the special needs of Asian tenants.
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News Cordia International sells 10,000th apartment in Europe
15
Sep
2023

Cordia International sells 10,000th apartment in Europe

by Property Forum
In 2023, Cordia International sold its 10,000th apartment, a result of nearly two decades of operation. The Hungarian property developer is now planning a major new urban regeneration project in Budapest.
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News Variability is key to saving costs in FM
15
Sep
2023

Variability is key to saving costs in FM

by Property Forum
Facility managers of large sports centres face mounting energy and labour costs too. But those costs can be lower if the property itself is enabled to host different kinds of events. Developers should involve all parties to reach that goal before the construction or in case of remodelling the building. Tibor Lak, Finance Manager of Budapesti Sportcsarnok Üzemeltető Kft., a subsidiary of Granit Polus, which has been running Budapest Arena, a huge multifunctional centre in the Hungarian capital, spoke with Property Forum about how to handle this problem.
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News Atenor sells RoseVille office building in Budapest
14
Sep
2023

Atenor sells RoseVille office building in Budapest

by Property Forum
Atenor announced the sale of the RoseVille office building located in District 3 of Budapest. The buyer is a Hungarian fund set up by international investors. This transaction is a significant achievement in the developers' operational plan and a major milestone in the Budapest investment market for the year 2023.
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News Wing publishes second ESG report
13
Sep
2023

Wing publishes second ESG report

by Property Forum
Wing has published its second ESG report, providing information about its environmental, social, and governance efforts, as well as its goals, the measures it has taken and the results it has achieved in 2022. The report has been prepared in accordance with the company’s first comprehensive ESG strategy, which will be finalised soon.
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News New Hampton by Hilton hotel opens in Budapest
12
Sep
2023

New Hampton by Hilton hotel opens in Budapest

by Property Forum
Hampton by Hilton Budapest City Centre has opened its doors to guests. Alongside 219 guest rooms, the hotel features a fitness centre and a lobby bar. Flexible social spaces offer the opportunity to work and meet during the day or socialize in the evening, including meeting spaces available for bookings, as well as on-site parking and EV charging for guest use.
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News Resi development activity in Hungary hits 10-year low
11
Sep
2023

Resi development activity in Hungary hits 10-year low

by Property Forum
Few multi-unit residential construction works started in Hungary, a little above HUF 50 billion, mainly a few larger projects. And although Q2 brought a rise in Activity-Start, the value of the indicator was far below the quarterly numbers of 2017-2019 and 2021-2022, according to the latest EBI Construction Activity Report.
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News A good development project should be in harmony with its surroundings
11
Sep
2023

A good development project should be in harmony with its surroundings

by Property Forum
A key to a successful property development is a responsible real estate development strategy which also takes into account accessibility, self-sustainability and biodiversity. Zsolt Hintenberger MRICS, Managing Partner at Realiscon talked to Property Forum about the different aspects of ESG compliance, going deeper than the usual buzzwords.
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News Heatwaves bring around A/C revolution in Hungary
08
Sep
2023

Heatwaves bring around A/C revolution in Hungary

by Property Forum
Based on the data from the Central Statistical Office of Hungary's (KSH) 2022 census, it seems that an A/C revolution is taking place in the Hungarian residential property market. The figures suggest that there will soon be areas where air cooling will be as much a part of the expected comfort of homes and rental properties as flush toilets and hot water. According to an expert at OTP Real Estate Point, this process was triggered by a particular confluence of circumstances at the beginning of the decade.
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Latest news


New leases

  • Business Services Center, a networking organisation for Polish entrepreneurs under the banner of BNI, BNI+ and Corporate Connections, has joined the group of tenants in the DL Tower building in Katowice. The company will occupy a space of 240 sqm.
  • Logistics operator CAT LC will occupy 9,000 sqm of space at the Śląskie Centrum Logistyczne Sosnowiec III. The company is part of the international Groupe CAT.
  • Intense Group has joined the group of tenants at the Vinci Office Centre. The Polish manufacturer and supplier of IT solutions will occupy approximately 700 sqm of space in the Kraków facility.

New appointments

  • STERENN, a consultancy firm specializing in hospitality market entry and real estate asset sourcing, proudly announces the addition of Bryan Wilson to its Advisory Board. Bryan Wilson brings a wealth of expertise in real estate transactions, particularly within the hospitality sector. He co-founded Wilsons, a prominent law firm in Prague, and is a UK-registered lawyer and now heads up the CEE region for DUAL Asset, transactional risk insurers.
  • MLP Group’s management team has added new members - Katarzyna Misztal (Leasing Manager), Paweł Reszczyński (Senior Land Acquisition Manager), Zuzanna Pukaluk , Mateusz Sobczak (both a Project Managers) and Szymon Grochowski ( Land Acquisition Manager). In their new roles, they will be entrusted with land acquisition and preparation for upcoming projects, oversight over construction and project work, space commercialisation and tenant relationships.
  • Zuzanna Paciorkiewicz, PhD, has been appointed as Head of Asset Services CEE at Cushman & Wakefield following her tenure as Co-Head with Ondřej Fukal.

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