ARTICLES LABELLED WITH TAG hungary
19
Jan
2023
Jan
2023
Huge office portfolio to be refinanced in Budapest
Asset management firm Diófa and the Hungarian branch of Erste Bank have concluded a financing deal for seven years. The refinancing contract is worth €73 million, portfolio.hu reports.
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19
Jan
2023
Jan
2023
Krausz Palota to open after refurbishment in Budapest
The historic building will offer 4,600 sqm of office and 340 sqm of retail space in the very heart of the Hungarian capital. The opening is expected at the end of January.
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17
Jan
2023
Jan
2023
The biggest winners of the M&A wave will be large funds
The current economic downturn may result in more mergers and acquisitions in most of the CEE countries. Owners of some hotels and retail centres may divest their assets to minimize loss. Property Forum asked Csaba Polacsek, Partner, Advisory Services at PwC Hungary about the mood of the possible buyers and the remaining risks in the coming years.
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16
Jan
2023
Jan
2023
IAD Investments buys 270,000 sqm of land near Budapest
Slovak asset management company IAD Investments has purchased nearly 270,000 sqm of land west of the Hungarian capital. IAD Investments joined forces with a branch of one of the largest industrial real estate developers in Europe to develop a completely new logistics park. It will be IAD's second project in the local development market.
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16
Jan
2023
Jan
2023
Limitless Park to be built outside Budapest
The logistics facility will offer a total of 65,000 sqm of industrial and office space in Biatorbágy on the Western outskirts of the Hungarian capital.
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13
Jan
2023
Jan
2023
Inflation hits record high in Hungary last year
Consumer prices were 24.5% higher on average in December 2022 than a year earlier which is a new record, compared to the last decade. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. Prices increased by 14.5% on average in 2022 compared to the previous year, Hungarian Central Statistical Office reports.
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11
Jan
2023
Jan
2023
Old HQ of Hungary's Mol sold to Hungarian state
The biggest company in Hungary got rid of its outdated office complex for HUF 6.3 billion in November last year, investigative news site K-Monitor reports.
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10
Jan
2023
Jan
2023
Etele Plaza to get BREEAM Very Good certificate in Budapest
This is the first shopping centre in Hungary to be given such an award in the construction phase. The property, developed by the Hungarian company Futureal was opened in late 2021.
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04
Jan
2023
Jan
2023
IHG to open two new hotels in Budapest
Verno House Budapest, Vignette Collection, is set to open in the summer of 2023 under a franchise agreement and voco Budapest is to open in late 2023 under a management agreement, europe-re.com reports
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02
Jan
2023
Jan
2023
Decline in residential transactions continues in Hungary
December was the weakest month in 2022 in terms of sales and loans taken out to buy homes, local brokerage firm Duna House (DH) reports.
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Latest news
- Warsaw office market starts 2026 with limited construction
- Development JV buys large land plot in Prague
- CTP signs 25,000 sqm Metro lease at Sofia West park
- Polish office market grapples with increasing fit-out costs
- Hungary on the map again: Join our free webinar
- Czech industrial market hits demand-lease balance for first time in years
- New office deliveries in Warsaw top 40,000 sqm in Q1 2026
- GTC secures €149 million refinancing for German resi assets
- Bucharest office fit-out, among the most affordable in CEE
- Echo Investment marks 30 years on the Warsaw Stock Exchange
New leases
- Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
- EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
- IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.
New appointments
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
- Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
- Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
