Globe Trade Centre has announced that its Supervisory Board has appointed Botond Rencz as President of the Management Board (Chief Executive Officer), succeeding Małgorzata Czaplicka, who led the company during the bond refinancing process and will continue to provide advisory support to the Chairman of the Supervisory Board on strategic matters. The new CEO will focus on strengthening collaboration across GTC's regional teams, completing the company's planned refinancings and divestments, and driving execution of the new mid-term financial plan to ensure stability, efficiency and long-term value creation.

A key national property in Budapest has been acquired by Eagle Hills, the Abu Dhabi-based developer. The purchase of the former interior ministry palace was confirmed by Hungarian media outlet Telex on 25 October 2025. 

Futureal, owner of the Etele Plaza shopping centre in Budapest, has signed a €165 million loan agreement with a consortium comprising Erste Bank Hungary, Erste Group Bank and UniCredit Bank Hungary. The refinancing extends the loan maturity to 2035.

Construction has begun on the region's newest Stop Shop retail park in the city centre of Salgótarján, Hungary. The project is developed by CPI Hungary.

iLogistic, a fulfilment solutions company, signed a long-term lease for an additional 5,000 sqm at CTPark Budapest West in Biatorbagy in September. The company now operates across 15,500 sqm, representing a thirty-fold increase since launching in the park with just 500 sqm in 2018.

CEE economies have been delivering solid GDP growth, outpacing many Western European peers despite external trade uncertainties and recent inflationary pressures, according to Colliers' latest report.

Wing and Accent Hotel Management have signed a strategic agreement to jointly operate hotel projects in Hungary. The partnership combines Wing's real estate development expertise, portfolio management experience, and capital strength with Accent's operational competencies and brand relationships.

The Otthon Start Program sparked a housing market boom in late summer and early autumn, but signs of overreaction are now visible on both buyer and seller sides.

Budapest's office market saw a robust third quarter in 2025, driven by strong demand and a significant year-on-year increase in net take-up. Despite no new office space being delivered, the market showed resilience, with notable activity on the Váci Corridor submarket, according to the Budapest Research Forum (BRF).

Skanska has leased the entire second phase of its H2Offices development project in Budapest while still under construction. Work began on the second building of the three-phase complex on Váci út in Q4 2024, with concrete structures now reaching the second floor level of the existing building. When completed, the second building will offer over 22,000 sqm of office space.