ARTICLES LABELLED WITH TAG Hungary

News CA Immo leases 12,000 sqm office space in Budapest
23
Feb
2017

CA Immo leases 12,000 sqm office space in Budapest

by Ákos Budai
CA Immo has concluded rental agreements for around 12,000 sqm of office space in Budapest. The agreements include new rentals as well as contract extensions and expansions of existing tenants.
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News TriGranit embarks on three new projects
22
Feb
2017

TriGranit embarks on three new projects

by Ákos Budai
TriGranit, celebrating its 20th anniversary in business in 2017, will this year launch its newest development in Budapest, the Millennium Gardens office building that will provide 37,000 sqm GLA for future tenants from H2 2019 on the banks of the Danube, next to MÜPA and the prospective Congress Centre. In 2017, the company also plans to start the development of Building H, the eighth building in its office complex in Krakow, Bonarka for Business (B4B), providing 10,000 sqm GLA, and plans to start the second phase of Lakeside Park in Slovakia with 13,000 sqm GLA. 
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News There’s a dark cloud over developers’ heads
22
Feb
2017

There’s a dark cloud over developers’ heads

by Ákos Budai
All segments of the Hungarian commercial property market have shown signs of strong growth over the last couple of years. Developers embark on a record number of new projects, but most of them soon realise that construction will take more time and be a lot more costly than they initially anticipated. The latest Tea & Talk session, organised by RICS Hungary in Budapest, helped us understand how rising construction costs and labour shortage in construction can be tackled.
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News CEE industrial markets follow Germany’s footsteps
21
Feb
2017

CEE industrial markets follow Germany’s footsteps

by Ákos Budai
The amount of industrial space leased in key Central and Eastern European markets in 2016 was the largest ever recorded, totalling 5.7 million sqm. This represents a 25% increase over the preceding two years when about 4.5 million sqm was leased. The strong take-up among tenants was linked with an extensive new development at 2.2 million sqm. The findings are based on the research conducted by Cushman & Wakefield, which has been monitoring the industrial property market in the Czech Republic, Poland, Hungary, Romania and Slovakia over an extended period.
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News Czech Republic and Hungary outperform rest of CEE
16
Feb
2017

Czech Republic and Hungary outperform rest of CEE

by Ákos Budai
Occupier and investment sentiment continues to be positive across Central and Eastern Europe according to the RICS Commercial Property Monitor for Q4 2016. Hungary and the Czech Republic remain the most upbeat markets, with Bulgaria and Croatia also gaining momentum. In Romania the pace of growth seems to be slowing down, although sentiment and projections continue to be broadly positive.
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News Skanska scores key tenant for new Budapest development
15
Feb
2017

Skanska scores key tenant for new Budapest development

by Ákos Budai
IT Services Hungary, the largest ICT employer of Hungary has decided to move its Budapest site to Skanska’s Mill Park, from Q2 2018 and will occupy approx. 17,300 sqm in the second phase of the complex. In the leasing process, ITSH was advised by Colliers International.
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News CTP continues energy saving initiative in Hungary
15
Feb
2017

CTP continues energy saving initiative in Hungary

by Ákos Budai
CTP has announced a major energy saving initiative starting in logistics warehouse of DHL in CTPark Budapest South near Üllő. The entire property will be refitted with LED lighting by April 2017.
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News Futureal hands over new office building in Budapest
09
Feb
2017

Futureal hands over new office building in Budapest

by Ákos Budai
Futureal Group handed over the Skypark office building as the latest member of the Corvin Promenade. The 25,000 sqm business center boasts the latest technology since it is planned to meet the needs of technology and R&D. 
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News Atenor sells Budapest office building to Hungarian investors
03
Feb
2017

Atenor sells Budapest office building to Hungarian investors

by Ákos Budai
Belgian developer Atenor announced the sale of building A of the Váci Greens office complex in Budapest to a group of private Hungarian investors. This building is the first of the three buildings built by Atenor on the Váci Corridor.
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News US and Hungarian investors spend the most in Budapest
02
Feb
2017

US and Hungarian investors spend the most in Budapest

by Ákos Budai
Investors spent €1.54 billion in 2016 in the Hungarian commercial real estate market surpassing the 2015 level by 107%. Last year both office properties and retail properties were in request, thus CBRE is expecting a similar or even higher turnover for 2017.
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Latest news


New leases

  • The Lux Med Group will join the ranks of the Fabryczna Office Park complex being developed by the Inter-Bud Group as part of the Fabryczna City project - an omni-functional investment being built on Aleja Pokoju in Krakow. The lease agreement between Lux Med Group and Inter-Bud Group was signed for over 1.7 thousand sqm.
  • The group of tenants of Dekada Nysa (southwestern Poland) is expanding. Family Pets & Zoo will occupy a 258 sqm showroom, where it will offer a wide selection of food, supplements for dogs and cats, cosmetics, toys and many other pet products.
  • Flexion Mobile Plc's Hungarian branch has chosen traditional long-term office leasing over previously used serviced office rental and is moving to the ZenGarden office building in Budapest.

New appointments

  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
  • Dominika Bombik has taken up the position of Marketing and Communications Director at BPI Real Estate Poland. She will be responsible for the creation and implementation of marketing activities for the residential property product portfolio and the developer's image on the Polish market.

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