ARTICLES LABELLED WITH TAG Hungary

08
Sep
2021

GTC Hungary appoints new Country Head Deputy in Hungary

by Property Forum
GTC has promoted Ede Gulyás to the position of Country Head Deputy, as of August 1, the company announced. In his role, Ede will be responsible for all GTC’s operations in Hungary. His extensive experience in leasing and asset management, as well as in-depth knowledge of real estate, will help steer the company’s growth in the local market. GTC invested €264 million in Hungary, in the first six months of 2021.
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08
Sep
2021

Forestay Group appoints new Business Development Director

by Property Forum
As of September 2021, Tamás Sellyey has been appointed Director of Strategy and Business Development at Forestay Group, with a key role in the Group's major expansion plans. His mandate will fully cover organisational and business development processes, increasing the order book for engineering and fit-out services, as well as promoting in-house developments managed by the Group's fund management.
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07
Sep
2021

Gap enters the Hungarian market

by Property Forum
Gap, the American casual clothing and accessories brand, announced its entry into the Hungarian market through a franchise partnership with Ganeta Pannónia Kft. The brand will be introduced to customers through Gap-branded stores in the country, beginning with the opening of a Gap freestanding store in Etele Plaza in September 2021.
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07
Sep
2021

CBRE brokers sale of Budapest office building

by Property Forum
The IN15 Office Park in Northern Pest has changed hands. CBRE supported the seller's side in the transaction. The 19,000 sqm office building’s sale shows that there is activity in the market despite the pandemic.
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02
Sep
2021

Hungary sees improving construction figures in Q2 2021

by Property Forum
After a relative stagnation in previous quarters, Q2 2021 saw a considerable expansion in the Activity Start indicator of the EBI Construction Activity Report. It was the first three months of 2018 last that witnessed a higher value of construction works to start in a quarter. In H1 2021, projects entered the construction phase on a total of HUF 1,398 billion, marking a significant increase of 20% and 18%, respectively, against the same period of the previous two years.
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02
Sep
2021

CA Immo sells Budapest office building to local investor

by Property Forum
CA Immo continues its path of selling non-core property assets with the signing of a sales contract for the Canada Square office building (5,000 sqm) in Budapest. The buyer is Hungarian investor Investum Kft. The sale has closed at a premium of 28% to the book value as at 31 December 2020.
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01
Sep
2021

Late summer brings upturn in Hungary’s housing market

by Property Forum
A total of 11,304 residential properties were sold in Hungary in August 2021, real estate group Duna House said in its monthly Transaction Estimate. While this is below the monthly average of the February-June period, the January-August total is higher than the 2020 or 2019 figure.
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01
Sep
2021

Indotek may become minority owner of Hungarian Auchan stores

by Property Forum
Indotek Group, a holding of Hungarian businessman Dániel Jellinek, could become a minority investor in the companies that own the Auchan stores in the country.
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24
Aug
2021

Infogroup completes logistics hall in Eastern Hungary

by Property Forum
Hungarian developer Infogroup has completed the latest building in its Eastern Hungarian industrial complex in the Polgári Industrial Park, which it also operates.  The 4,500 sqm industrial/logistics hall is an extension to an existing 27,000 sqm project in the park.
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12
Aug
2021

FoxPost rents 8,400 sqm from HelloParks near Budapest

by Property Forum
The first big tenant has moved into the first completed unit of the HelloParks industrial and logistics megapark located in Maglód, next to Budapest. FoxPost, the operator of the largest parcel locker chain of Hungary, has leased an area of 8,400 sqm and already started the installation of its new parcel sorting machines. With this investment of €1.5 million, FoxPost’s daily parcel sorting capacity will be increased by nearly tenfold.
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Latest news


New leases

  • Internet radio station, newonce.radio will move its headquarters to the Norblin Factory in Warsaw. On an area of 366 sqm there will be a new radio studio, editorial offices and office facilities, including a conference room.
  • Specjał Group, Polish-owned FMCG distributor, has leased another 1,400 sqm of warehouse space for its Warsaw branch in Panattoni Park Konotopa II. The tenant was represented during the lease transaction process by real estate advisory firm Cresa Poland.
  • Poczta Polska has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia. The agreement has been signed for ten years.

New appointments

  • Two new professionals are joining MDC2 - a warehouse and industrial developer operating on the Polish market. Wojciech Kosiór has been appointed as a Head of Development and will be responsible for project development in Central and Northern Poland. Bartłomiej Kazirod has been appointed as a Project Director working within the construction team.
  • Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
  • Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.


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