ARTICLES LABELLED WITH TAG Hungary

Shopper Park Plus (SPP) has signed a letter of intent appointing Eston International – the Hungarian partner of Savills – as the exclusive property manager for its Hungarian retail park portfolio from 1 January 2026. The three-year contract will cover 14 grocery-anchored properties with Tesco as the main tenant, adding 200,000 sqm to Eston’s managed portfolio and bringing its total to over 600,000 sqm.

Wing's Telekom Campus in Budapest is now operating at nearly full capacity following a new lease agreement with an insurance company.

Investor interest is diversifying, with hotels and office properties being the most sought-after segments in H1 2025, and a growing trend of repurposing older office buildings into hotels or residential use, according to experts of Colliers Hungary.

Balázs Zelles-Görgey has been appointed Director, Head of Capital Markets at Colliers Hungary. He joins the company with a strong background in the real estate sector, having worked on both the agency and developer-investor sides of the market. 

DSV Solutions Hungary has signed a new lease agreement for nearly 19,000 sqm of warehouse space in Prologis's newest park in Szigetszentmiklós. 

The industrial market in Greater Budapest saw higher demand during Q2 2025, reaching 201,680 sqm, a 7% year-on-year rise, according to the Budapest Research Forum.

The Radisson Collection luxury brand has made its debut in Hungary with the opening of the Radisson Collection Hotel, Basilica Budapest. 

Budapest's office market recorded a notable decrease in its vacancy rate during Q2 2025, reaching 12.8%. This marks a 1.29 percentage point drop from the previous quarter and a 1.18 percentage point decrease year-on-year, according to the Budapest Research Forum (BRF). Net absorption also turned positive, reaching 57,000 sqm.

Residential developer Living has announced the launch of sales for Park West Rise, the fourth and final phase of its Park West residential park. 

Scope Ratings has revised Futureal’s outlook to Stable, affirming the BB- issuer ratings for Futureal Development Holding Kft. and Futureal Holding B.V.