ARTICLES LABELLED WITH TAG Hungary

Market Group has appointed Ákos Kiss as Managing Director of Property Market, the development firm of the group. He has been working at the company since 2015 and before his appointment worked as Director of Sales, Marketing and Communication. 

The latest EBI Construction Activity Report, prepared by Eltinga, Buildecon, and iBuild, has found that after the weak Q3 2022, Q4 2022 saw a slight nominal expansion in activity-start in Hungarian construction. The value of started construction works was still very low; between October and December 2022 they totalled roughly HUF 650 billion.

The global developer of industrial properties intends to build more huge logistics space in its Prologis Park Budapest-Sziget II complex. More than 114,000 sqm of new space is in the pipeline in the park that is near the M0 ring road.

The new facility in Ecser, not far from the Liszt Ferenc International Airport, will offer 47,000 sqm of industrial space for local and foreign companies from 2024.

Investors are not in a hurry to buy assets yet, assuming those assets may become cheaper as holders are in trouble. Property Forum asked Kristóf Bárány, Founding Partner of fund management company Adventum Group about their preferences in Hungary and the broader region.

Skanska has opened the 27,000 sqm first phase of the H2Offices complex on Budapest's Váci Road office corridor. Construction of the second phase may start in H2 2023, with the third and final to be handed over in 2026 or 2027.

Futureal Development and Futureal Investment Partners will join their efforts to increase green investments in a pan-European platform.

The new facility in the HelloParks Fót industrial and logistics centre will serve the needs of the global film industry, investor Virtual Europe Group (VEG) reports.

Prime residential developments will start in this 13-hectare territory in Pilisborosjenő, 7 km northwest of the capital. OC Investment Solutions assisted with the deal, portfolio.hu reports.

The airport operator company (BA) recovered 75% of its pre-COVID passenger traffic, now extends its cargo complex and prepares for a new terminal building.