ARTICLES LABELLED WITH TAG Hungary

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.

There are several factors which put a break on the revival of the housing markets. Property Forum asked Guy Dymschiz, Co-Founder and Co-CEO of Duna House Group, active in Hungary and Poland, about the necessary steps from the states and the developers to overcome the mounting difficulties.

Romanian e-commerce player eMAG has secured a financing of around €70 million from Alpha Bank for the development of a logistics hub near Budapest. 

The office vacancy rate in Budapest increased to 11.3%, representing a 0.3 pps increase quarter-on-quarter and a 2.1 pps increase year-on-year. Net absorption has remained positive by the end of the fourth quarter, amounting to 53,480 sqm and reaching 158,510 sqm year-to-date, the Budapest Research Forum (BRF) reports.

The development firm has invested in the technical modernization of its buildings and reassured "BREEAM in Use" accreditation for the Váci Greens D complex.

The asset management company closed the sale of its 51% share in Solum-Invest Ltd. That was the last unit in its tourism-related portfolio.

Real estate investment volumes in CEE reached almost €10.7 billion during 2022, up 6.6% compared to the previous year, with Poland accounting for 54% of all transactions, trailed by the Czech Republic and Romania with shares of 14% and 12%, respectively, according to a report by Cushman & Wakefield Echinox. 

In 2022, a total of 333,210 sqm of new industrial/logistics space was added to the Greater Budapest stock, the Budapest Research Forum reports.