ARTICLES LABELLED WITH TAG Hungary

News Hungarian housing market shows further decline in October 
02
Nov
2022

Hungarian housing market shows further decline in October 

by Property Forum
There were only 8,326 residential transactions closed in Hungary in October 2022 which is the lowest figure for the month since 2012, brokerage firm Duna House reports.
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News British Telecom to relocate office staff in Debrecen
28
Oct
2022

British Telecom to relocate office staff in Debrecen

by Property Forum
Around 500 colleagues based in Hungary’s second-biggest city will move to the new location, state-of-the-art Forest Offices in 2023.
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News Wing hands over two new industrial halls near Budapest
27
Oct
2022

Wing hands over two new industrial halls near Budapest

by Property Forum
Phase 1 of the East Gate Pro Business Park has been completed. Nearly 75% of the available space had been leased.
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News Living starts first residential project in Buda
25
Oct
2022

Living starts first residential project in Buda

by Property Forum
Construction of the Római Part residential park by Hungarian developer WING’s umbrella brand Living is already underway just off the riverbank of the Danube in Budapest. The 257-unit complex is the closest residential development of this size to the river.
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News Buda Bright complex reaches highest point in Budapest
25
Oct
2022

Buda Bright complex reaches highest point in Budapest

by Property Forum
Indotek Group’s first large-scale residential project in Budapest, Buda Bright, was launched in March 2021 and is planned to be handed over at the end of next year. 
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News Speculative industrial stock rises sharply in Hungary  
21
Oct
2022

Speculative industrial stock rises sharply in Hungary  

by Property Forum
In Q3 2022, the speculative industrial stock in Greater Budapest was expanded by eight buildings, a total of 145,390 sqm, while four new buildings were handed over in Regional Hungary, with a total of 33,380 sqm, Budapest Research Forum (BRF) reports.
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News GRAWE Group buys Máriássy office complex in Budapest
20
Oct
2022

GRAWE Group buys Máriássy office complex in Budapest

by Property Forum
Wing has sold the Máriássy office complex in Budapest to GRAWE Immo AG, part of the GRAWE Group. Wing purchased the plot and developed the office buildings in 2003-2005. Financial details were not disclosed about the deal.
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News New office supply increases significantly in Budapest  
18
Oct
2022

New office supply increases significantly in Budapest  

by Property Forum
In Q3 2022, the volume of new supply in Budapest's office market increased significantly compared to the previous quarter, marking the highest volume since Q2 2020, the Budapest Research Forum (BRF) reports.
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News ESG is rewriting the rules of office leasing
18
Oct
2022

ESG is rewriting the rules of office leasing

by Property Forum
ESG is rewriting the rules of office leasing with the attitude of landlords, tenants and service providers gradually changing. During a panel discussion recently organised by CEE-based flex space provider New Work at Science Park in Budapest, market experts discussed the topic in detail.
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News VGP completes first phase of VGP Park Budapest Aerozone
17
Oct
2022

VGP completes first phase of VGP Park Budapest Aerozone

by Property Forum
VGP, the European company that develops, manages and owns high-quality logistics and semi-industrial real estate, has handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. 
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Latest news


New leases

  • Buchareast-based office project Floreasca Park has reached over 80% occupancy, following over 4,400 sqm of recent leasing activity. Leroy Merlin has leased 3,900 sqm, while IGEL Technology is occupying 515 sqm.
  • Henkel Romania has sold a 1,800 sqm property in central Bucharest, which served as its HQ, to a high-end residential developer. The deal was brokered by iO Partners.
  • The family shopping centre M1 Kraków, managed by EPP, is strengthening its gastronomic, service and sports offer. The group of new tenants includes Sports Direct, which is making its debut in the capital of Małopolska, as well as the oriental restaurant Asia Mama and the pet shop Maxi Zoo. In recent months, Cukiernia Sowa has also opened its doors to customers. MediaMarkt, McDonald's, HalfPrice and 4F, which presented an enlarged salon in the new BLACK concept, have decided to continue their cooperation with the Kraków facility and modernise their premises. All signed contracts cover over 6,000 sqm of space.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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