ARTICLES LABELLED WITH TAG Hungary

News New office developments are reshaping CEE capitals
26
Oct
2017

New office developments are reshaping CEE capitals

by Import Sys
The office markets of Central European capitals are growing dynamically with the number of new leases on the rise and vacancy rates hitting record lows in several cities. In light of all this it is no surprise that development activity is also heating up on the most popular markets of the region.
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News Penny Market opens logistics centre in Western Hungary
20
Oct
2017

Penny Market opens logistics centre in Western Hungary

by Import Sys
German discount supermarket chain Penny Market opened a logistics centre in Veszprém, Western Hungary, following a nearly €30 million (HUF 9 billion) investment. The facility offers 26,500 sqm of warehouse space on a 10 ha land. The new warehouse can hold 15,000 pallets.
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News €1.3 billion invested in Hungarian real estate year-to-date
19
Oct
2017

€1.3 billion invested in Hungarian real estate year-to-date

by Import Sys
During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion, according to JLL Hungary’s latest statistics.
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News Strong demand for industrial property in Budapest
16
Oct
2017

Strong demand for industrial property in Budapest

by Import Sys
Total demand on the Budapest industrial market amounted to 122,020 sqm in Q3 2017, showing a 44% increase year-on-year. The Budapest Research Forum published its quarterly industrial market analysis.
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News A boom in the cards for Croatia’s residential market
16
Oct
2017

A boom in the cards for Croatia’s residential market

by Import Sys
Residential markets are on the rise all over Europe. There are barely any countries where prices haven’t begun to increase since the crisis. Property Forum took a closer look at the Central and Eastern European region, to see which countries have seen the highest growth. Croatia is one of the countries where prices began to grow later rather than sooner, but this means that it may become a new hotspot for investors looking to profit from house price growth in the region.
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News CTP acquires ex-Nokia building in Komárom
12
Oct
2017

CTP acquires ex-Nokia building in Komárom

by Import Sys
CTP acquired the ex-Nokia building in Komárom, Hungary. The 52,771 sqm property is located on a 137,001 sqm site in Komárom Industrial Park. The property was purpose built in three phases between 1999 and 2004 and was designed by Nokia for their specific use and requirements. The whole site comprises three main buildings and further technical facilities which support the operation of the factory.
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News Record low vacancy on the Budapest office market
11
Oct
2017

Record low vacancy on the Budapest office market

by Import Sys
Demand on the Budapest office market in Q3 2017 increased by 67% compared to the previous quarter, reaching 164,985 sqm. Combined with a marginal growth in supply the vacancy rate further decreased to 7.6%. The Budapest Research Forum published its latest figures.
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News New DHL Express warehouse completed at Budapest Airport
11
Oct
2017

New DHL Express warehouse completed at Budapest Airport

by Import Sys
DHL Express recently moved into its new, tailor made warehouse of 6,000 sqm leased in Budapest Airport's new logistic facility built by Market Építő. Budapest Airport appointed CBRE Hungary for the construction management services.
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News Plaza Centers disposes of Budapest land plot
05
Oct
2017

Plaza Centers disposes of Budapest land plot

by Import Sys
Plaza Centers has concluded an agreement with NEPI Rockcastle, on the termination of land use rights over a circa 21,788 sqm land plot adjoining Arena Plaza in Budapest, Hungary, registered to a subsidiary of the company, Kerepesi 5 Irodaépület Kft. NEPI Rockcastle has recently acquired the Arena Plaza shopping centre from a third party.
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News No need to worry about oversupply in Budapest
05
Oct
2017

No need to worry about oversupply in Budapest

by Import Sys
Despite record low vacancy levels in Budapest and an increasingly landlord-friendly leasing environment, industry commentators have warned of an imminent oversupply around the corner. But there is no need to panic just yet, suggests Orsolya Hegedűs and Mike Edwards at Cushman & Wakefield, Hungary.
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Latest news


New leases

  • AND2 office building, the tallest building in Poznań (western Poland), is gaining a new tenant. BeIN Offices will offer ca 3,300 sqm of coworking space with a view of the city skyline.
  • Delta Trans Group has decided to expand its leased space at the Hillwood Ruda Śląska complex (southern Poland) by ca. 9,300 sqm. The logistics operator will now use a total of 27,000 sqm.
  • A Douglas perfumery has opened in Galeria Pomorska in Bydgoszcz (western Poland) after modernisation. The new shop occupies an area of approximately 220 sqm.

New appointments

  • CTP has appointed Andrei Marian, who brings nearly nine years of experience in real estate development and consultancy firms, as its new Regional Business Development Director in Romania.
  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.
  • Panattoni Income Fund has appointed Olaf Bruns as Managing Director Business Development DACH. Earlier this year, the fund’s team was also strengthened by Piotr Boruc, who took on the role of Head of Finance and Reporting.

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