ARTICLES LABELLED WITH TAG Hungary

Chris Dinsdale will take up a position as president and CEO of the Calgary Airport Authority, the operator of Calgary International Airport in Canada, Budapest Airport announced.

Industrial developer CTP's net rental income amounted to €452.1 million in 2022, which was an increase of 38.3% year-on-year, while like-for-like rental growth was 4.5% last year, mainly driven by reversion on expiring leases and renegotiations, and supported by the 2021 indexation of 1.7%. The company's annual profit decreased by 22.4% from €1,025.9 million in 2021 to €796.5 million in 2022.

Transactions have increased but the general mood remained very cautious across all regions of the country, Duna House Group (DHG) reports.

Hungarian investor Appeninn Holding has signed contracts to buy the Kanizsa Centrum shopping centre in the southwestern city of Nagykanizsa and two strip malls (Zone Parks) in Székesfehervar and Zalaegerszeg. By acquiring these commercial properties the firm may comply with conditions made by Scope Ratings and thus hopes to get a higher rating.

According to Cushman & Wakefield, 2022 witnessed a recovery in commercial real estate investment activity in CEE, with the year closing marginally up compared to the previous year. Total investment volumes in Central and Eastern Europe came in at €10.7 billion, up by 6.6% year-on-year. With more than €5.7 billion worth of deals, Poland continued to lead the way across the region.

As part of its energy management and sustainability strategy, the real estate developer will reduce its domestic energy consumption by 20 per cent by 2025. 

Álmos Mikesy has been a member of the company board for the last two years and has now been appointed as Chairman and CEO of Diófa Asset Management.

Colliers has appointed Dávid Horváth as Head of Workplace Advisory Services in Hungary. He joined the Colliers Occupier Services team in 2015 as a workspace consultant. After a short break, he will continue as Head of Workplace Advisory Services, which has been strengthened into a strategic business unit, starting from February 2023.

Growing e-commerce facilitates increased investment in fulfilment services and generates more specialized logistics centres to build. Hungarian company Boxy Zrt. takes advantage of this, and now Property Forum asked András Táncsics, CEO of the company to elaborate on the plans for expansion in Hungary.

Apart from remodelling the food court, a 10% extension is planned in this centrally located retail complex. This is the biggest change in the life of Westend shopping centre, managed by Granit Polus. The company has not disclosed the size of the investment.