ARTICLES LABELLED WITH TAG Hungary

News Colliers sells former warehouse unit near Budapest
23
Jan
2017

Colliers sells former warehouse unit near Budapest

by Ákos Budai
At the end of last year Colliers sold the former Bricostore DIY-unit in Törökbálint to Régió, a Hungarian toy company. The building has approx. 12,000 sqm of GLA and will be used by Régió for warehousing purposes.
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News Budapest office market closes strongest year on record
18
Jan
2017

Budapest office market closes strongest year on record

by Ákos Budai
Nearly 100,000 sqm of new office space was delivered to the Budapest market in 2016, the highest figure since 2010. Meanwhile, demand picked up in the last quarter of the year with a large share of the total leasing volume made up of pre-leases and new transactions. At the same time, the office vacancy rate has returned to its downward trajectory, reaching 9.5%, the lowest rate on record.
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News New appointments at TriGranit
18
Jan
2017

New appointments at TriGranit

by Ákos Budai
TriGranit announced the appointment of Tamás Páldi, M.D. as Human Resources Director and Mr. Mariusz Domeracki as Finance Director for Poland. 
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News Strong demand for industrial space in Budapest
18
Jan
2017

Strong demand for industrial space in Budapest

by Ákos Budai
In Q4 2016 total leasing activity amounted to 133,460 sqm on the Budapest industrial market which marks a 64% rise on a yearly basis. Meanwhile, the vacancy rate reached a new post-crisis low at 8.1% and there is currently no scheme offering more than 10,000 sqm available adjacent space. The Budapest Research Forum published its quarterly industrial market analysis.
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News CA Immo becomes sole owner of two CEE office buildings
18
Jan
2017

CA Immo becomes sole owner of two CEE office buildings

by Ákos Budai
CA Immo has completed negotiations with Union Investment Real Estate GmbH on acquiring 49% of shares each in the office buildings Danube House in Prague and Building A of Infopark in Budapest, both so far part of the open-ended property fund UniImmo: Europe. The deal, which has already been closed, will make an immediate positive contribution to long-term profitability by around €3 million.
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News W Hotels Worldwide to open W Budapest by 2020
18
Jan
2017

W Hotels Worldwide to open W Budapest by 2020

by Ákos Budai
W Hotels Worldwide, part of Marriott International, announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the W Hotels brand in Hungary with the opening of W Budapest. Located on Andrássy Road, the hotel will be situated directly across from the State Opera House, businesswire.com reports.
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News CPI Property Group to acquire CEE retail portfolio from CBRE GI
17
Jan
2017

CPI Property Group to acquire CEE retail portfolio from CBRE GI

by Ákos Budai
CPI Property Group anticipates the acquisition of a retail portfolio located in the Czech Republic, Hungary, Poland and Romania from funds managed by CBRE Global Investors. If completed, this can become the largest real estate deal of the region in 2017.
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News TriGranit to start new office development in Budapest
16
Jan
2017

TriGranit to start new office development in Budapest

by Ákos Budai
TriGranit appointed the Hungarian office of CBRE with the exclusive leasing of its latest development in Budapest. The Millennium Gardens office building is being constructed alongside the Palace of Arts and the National Theatre, on the Danube side of Soroksári Road. It will offer 37,000 sqm of leasable space and it is expected to be completed by 2019. 
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News It’s time to forget about political risk in CEE!
12
Jan
2017

It’s time to forget about political risk in CEE!

by Ákos Budai
Looking at what is going on in world politics, TriGranit’s CEO finds it difficult to comprehend why many still stress the political risk factor when talking about the Central European real estate market. He’s optimistic about the future and expects further diminishing returns on investment, along with new investors appearing in Budapest. Árpád Török talked to us about plans for developing TriGranit and the future of the real estate market.
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News Prologis acquires M0 Central Business Park in Hungary
10
Jan
2017

Prologis acquires M0 Central Business Park in Hungary

by Ákos Budai
Prologis has announced that Prologis European Properties Fund II (PEPFII) has acquired M0 Central Business Park in Hungary from IDI Gazeley. Two newly acquired, 100 percent let, facilities totalling 31,443 square metres will become part of the adjoining 98-percent let Prologis Park Budapest-Sziget, which currently comprises seven buildings totalling 150,000 square metres.
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Latest news


New leases

  • LCP Properties has finalised two further leases for M Park Pionki. The CCC shoe shop will occupy 400 sqm in the building, while the area of the Xtreme Fitness gym will reach 600 sqm.
  • Two more companies have become tenants of Diuna, part of the Warsaw office portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo about 500 sqm in the complex on Taśmowa Street. In addition, WDX has extended its lease for nearly 500 sqm of space.
  • Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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