ARTICLES LABELLED WITH TAG Hungary

In Q1 2023, the Greater Budapest speculative stock increased by five buildings, totalling 111,330 sqm, while in regional Hungary, four new buildings were handed over, totalling 45,835 sqm. As a result, the vacancy rate has risen sharply from 3.8 to 5.9%, Budapest Research Forum (BRF) reports.

In Q4 2022, Hungarian residential property prices fell by 3.6% compared to the previous quarter. The Central Bank of Hungary (MNB) reports the sharpest decline was seen in smaller municipalities.

JLL and iO Partners have announced today that JLL will transfer its existing Leasing, Capital Markets, Valuations Advisory, Consulting and Project Management delivery businesses to iO Partners in Romania, Czech Republic, Hungary and Slovakia.

GTC has appointed Barbara Sikora, an experienced financial leader to head the financial activities of the group. She will replace Ariel Ferstman after he moves to lead GTC's expansion in new sectors and markets focusing on M&A, fundraising and capital markets.

Tailor-made leases are essential in both the office and retail segments in Hungary too. Property Forum asked Mátyás Gereben, Country Manager of CPI Hungary about the relevant plans of the leading landlord and developer. 

Belgian logistics developer Weerts Group has teamed up with Hungarian-Belgian partner RaktárAD to build a new industrial facility near the Liszt Ferenc International Airport. The park will offer almost 200,000 sqm of logistics and 37,000 sqm of mezzanine and office space. Weers Logistic Park (WLP) is the group's third project realised in Hungary.

Hungarian developer and investor Wing and asset management company Griffin Capital Partners (GCP) have successfully finished the acquisition of the German developer Bauwert AG. 

IWG, the owner of the Regus brand, has secured 1338 sqm of commercial space in the newest large residential complex in Hungary’s rapidly developing regional city, Szeged. Regus Cédrus Liget Offices will offer serviced spaces for smaller and startup companies.

As part of its large-scale development series, Raben Group has opened its new industrial facility in Dunaharaszti, a rapidly developing logistics destination near Budapest. The total value of the project is approximately €7.5 million.

Three new members of staff have joined the Hungarian team of Panattoni, the European industrial real estate developer. Róbert Koncz is in charge of real estate operations, Péter Farkas of technical project management and Tamás Szűcs of land acquisition.