ARTICLES LABELLED WITH TAG Hungary

News Hungarian gov't to limit high-rise developments in Budapest
14
Dec
2017

Hungarian gov't to limit high-rise developments in Budapest

by Import Sys
The Hungarian government plans to maximise the height of any building in Budapest at 65 metres, the minister leading the Prime Minister’s Office announced. János Lázár told journalists that there is a bill before Parliament that would ban the construction of buildings higher than 65 metres.
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News Is it more difficult to develop in Bucharest than in Budapest?
14
Dec
2017

Is it more difficult to develop in Bucharest than in Budapest?

by Ákos Budai
As a response to continued strong demand from tenants in Budapest and Bucharest, Skanska plans to launch several new projects in both capital cities. Marcin Łapiński, Managing Director for Hungary and Romania talked to Property Forum about the differences between the two markets.
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News CPI PG buys hotel properties in Hungary and the Czech Republic
14
Dec
2017

CPI PG buys hotel properties in Hungary and the Czech Republic

by Import Sys
CPI Property Group acquired three hotel properties in the Czech Republic and Hungary: a historical building in Český Krumlov, an existing hotel in Olomouc and an office building adjacent to a hotel in Budapest.
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News New Telekom HQ in Budapest structurally complete
04
Dec
2017

New Telekom HQ in Budapest structurally complete

by Import Sys
The development of Hungary’s largest office building to be constructed in a single block has reached an important milestone: the new Telekom Headquarters building is now structurally complete. Developer Wing Zrt, has customised the 100,000 sqm building fully in line with the specific needs of the Magyar Telekom Group.
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News Skanska to launch new Budapest projects
04
Dec
2017

Skanska to launch new Budapest projects

by Import Sys
Skanska plans to launch the construction of one new office building per year in Budapest. The construction of Mill Park is currently underway and works on the third phase of Nordic Light are to be launched in January 2018.
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News Corvin 5 becomes Hungary’s first WELL pre-certified building
29
Nov
2017

Corvin 5 becomes Hungary’s first WELL pre-certified building

by Import Sys
The first phase of Futureal’s Corvin 5 office complex is the first building in Hungary and the second in Europe to receive the international WELL Building Platinum pre-certification. The office building valued at €90 million and equipped with the latest environmentally friendly technologies is expected to be handed over by the end of 2018 in Budapest. Corvin 5 has been designed to make a positive impact on employees’ health and well-being.
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News Starwood Capital Group acquires Budapest hotel
27
Nov
2017

Starwood Capital Group acquires Budapest hotel

by Import Sys
Starwood Capital Group has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group. The hotel is being acquired for €75 million.
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News Granit Polus to launch new city centre development in Budapest
22
Nov
2017

Granit Polus to launch new city centre development in Budapest

by Import Sys
Granit Polus is about to transform the most valuable plot of land in Budapest by a large-scale mixed-use development. The new district will host office buildings, retail units, residential areas and hotels.
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News OTP fund buys Budapest office building
22
Nov
2017

OTP fund buys Budapest office building

by Import Sys
OTP Property Investment Fund has acquired the BSR Center office building in Budapest from a fund managed by GLL Real Estate Partners.
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News Commercial property in CEE continues to boom, but for how long?
20
Nov
2017

Commercial property in CEE continues to boom, but for how long?

by Ákos Budai
The outlook for Central and Eastern European markets is still positive according to the RICS Commercial Property Monitor. Results for Q3 2017 show that both occupier and investment demand are still on the rise across the region. The peak of the current cycle is, however, undoubtedly getting closer.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • 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.

New appointments

  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • 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.

ABOUT US

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