ARTICLES LABELLED WITH TAG Hungary

News Appeninn continues property acquisitions in Hungary
09
Feb
2018

Appeninn continues property acquisitions in Hungary

by Import Sys
Appeninn Nyrt. announced the purchase of a historic building in the centre of Budapest for €7 million through the acquisition of holding company Plaza House. Dávid House, located on Andrássy Road and formerly known as Andrássy Palace, has 2400 sqm GLA. It was transformed into a Class A office building in 2001.
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News 20,000 sqm logistic centre handed over in Miskolc
09
Feb
2018

20,000 sqm logistic centre handed over in Miskolc

by Import Sys
A 20,000 square meter logistic centre was taken over by SEG Automotive's domestic unit, which specializes in the development and production starter motors and generators. The technologically advanced warehouse – featuring indoor GPS-tracking – is the largest interconnected hall in the region.
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News S Immo names new manager in Hungary
07
Feb
2018

S Immo names new manager in Hungary

by Import Sys
As of 01 March, Géza Barabás will lead the S Immo subsidiary in Budapest and hence be responsible for the Hungarian portfolio’s management.
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News Wing acquires Budapest shopping centre
05
Feb
2018

Wing acquires Budapest shopping centre

by Import Sys
Wing Zrt. has acquired a retail portfolio which includes the EuroCenter Óbuda shopping centre as well as two properties in the regional city of Szombathely. The company has over ten years of experience developing and managing retail properties and plans to carry out value-enhancing investments across the new portfolio with a particular focus on the Buda shopping centre. Wing intends to invest in improving the shopping centre’s existing strengths for both shoppers and tenants.
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News CPI sells Budaörs Office Park in Hungary
05
Feb
2018

CPI sells Budaörs Office Park in Hungary

by Import Sys
CPI Property Group announced the disposal of the Budaörs Office Park property in Hungary, located in the Western suburbs of Budapest, at an undisclosed price. The buyer is a Hungarian real estate fund which has not been named.
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News Prologis launches car sharing service in Hungary
05
Feb
2018

Prologis launches car sharing service in Hungary

by Import Sys
Prologis has launched a car sharing service that is available to employees free of charge in four Prologis parks (Budapest M1, Sziget, Harbor és Gyál) in the vicinity of Budapest. 
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News Vienna-based investor plans to spend €100 million in Hungary
05
Feb
2018

Vienna-based investor plans to spend €100 million in Hungary

by Ákos Budai
FLE, a relatively new player on the CEE investment market, plans to acquire €100 million worth of assets just in Hungary and expects new investors to join the race. Dr. Alexander Klafsky, LL.M. MRICS, Managing Partner at FLE GmbH talked investment strategy and market expectations.
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News Budapest leads the way with office rental growth
02
Feb
2018

Budapest leads the way with office rental growth

by Import Sys
European office rental growth slowed to 0.4% over the quarter, though still posted a respectable 2.4% annualised growth. Budapest led the way with growth of 9.1% across the quarter, supported by strong demand, historically-low vacancy rates and a lack of Class A space. Demand for logistics space is supporting rental growth and driving yields lower across Europe, according to Cushman & Wakefield’s latest DNA of Real Estate report.
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News Futureal receives three WELL precertifications
31
Jan
2018

Futureal receives three WELL precertifications

by Import Sys
Futureal Group has become the first property developer in Europe to receive the WELL Building Platinum Precertification for three of its office building projects at the same time. Advance Tower, Corvin Technology & Science Park (Corvin 5) and Budapest One Business Park have been designed and will be operated to make a positive impact on employees’ health and wellbeing. The three office complexes located in Budapest, Hungary will offer over 100,000 square meters of office space in total.
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News CEE investment volume recorded at €13 billion in 2017
29
Jan
2018

CEE investment volume recorded at €13 billion in 2017

by Import Sys
At ca. €12.98 billion, 2017 recorded a 3.3% increase over 2016 (€12.56 billion) and, for the second year running, set a new record transaction volume for the CEE region. JLL has registered continued appetite from investors for the full range of assets across the entire region.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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