ARTICLES LABELLED WITH TAG Hungary

CBRE Hungary is celebrating the one-year anniversary of its Chinese Client Advisory Desk, a service established to support Chinese companies investing and expanding in Hungary. 

BYD Electric Bus & Truck Hungary has signed a lease agreement with CTP Hungary and took possession of a 5,000 sqm industrial hall at CTPark Komárom in the first half of the year. The modern facility supports the company's green vehicle operations.

The 48-room Leon Hotel & Lounge has opened near the Buda side of Chain Bridge, according to Market Építő, the project's contractor.

Demand in Hungary's new-build housing market temporarily returned to normal following a boom at the end of last year and the beginning of this year. However, from August, purchases may pick up again due to the maturity of a government bond and the state-subsidised Home Start loan program. Instead of the 1,000 apartments initially announced at the beginning of the year, Cordia will launch sales of nearly 1,500 homes in 2025, amid high buyer interest.

CPI Hungary has kicked off the development of a new Stop Shop retail park in Salgótarján, which will be slated for delivery in Q1 2027. 

The ex-HQ of Budapesti Elektromos Művek, spanning over 22,000 sqm, has been sold in a deal brokered by Eston.

The Academia office building has reached nearly 100% office occupancy, less than a year and a half after a comprehensive refurbishment. 

Gránit Asset Management's residential division, Grandit Homes, has reached a 100% occupancy rate for its inaugural project just one year after entering the market. 

Living's first residential development in Buda, Római Park, is progressing as scheduled, with the building structure for the 257-unit complex now complete. 

Industrial developer CTP has signed a long-term lease agreement with Gorenje Magyarország Kft., the household appliance manufacturer and part of the Hisense Group, for a new 15,000 sqm facility at CTPark Budapest West.