ARTICLES LABELLED WITH TAG Hungary

Adventum Group, the CEE focused real estate investment manager, has reached a significant milestone in its history with the approval of the co-investment by the European Bank for Reconstruction and Development. The closing of the partnership is expected to complete by the end of May 2022.

The five-star lifestyle hotel has 136 rooms, two restaurants, and a bar. An event venue was also established on the roof of the building in downtown Budapest.

Wing's Honvéd Center office building in Budapest has received a BREEAM certification. The refurbished office buildings earned their BREEM In-Use Very Good certification with their energy and water-efficient management and with features that contribute to the well-being and health of the occupants.

People have started to return to their usual shopping destinations. That is reflected in the positive business development of SES Spar European Shopping Centers during the second year of the pandemic. Compared to 2020, significant growth was recorded in retail partner sales, visitor footfall and average spend per purchase. This positive upward trend was recorded by SES in all countries in which it operates centres. Despite the pandemic, in 2021, a total of €22 million was invested in maintenance and sustainable measures relating to the operation of the centres, as well as in project development.

Revetas Capital, the pan-European real estate investment advisor, has announced the appointment of Michele Small as independent Board Member of Keystone CEE Scp, being nominated by the EBRD. 

Skanska was the first developer in Europe that has achieved a WELL Health-Safety rating for eight buildings in Poland, Romania, and the Czech Republic, and intends to pursue the certification for all its new projects. The company now has obtained the WELL Health & Safety Rating for Facility Operations and Management for its own headquarters across CEE countries, including the Hungarian one located in the Nordic Light office building.

Hungary-based developer Alfa Group has decided to cancel the bond auction within the Hungarian NKP framework in Q1 due to increased interest rates. As the main reason for bond issuance was the need for a financing development pipeline, an alternative source of financing with attractive commercial terms was considered better. 

Duna House has released its monthly Transaction Estimate, showing that there were 14,548 residential property transactions in Hungary in March 2022. This is the fourth-highest monthly value of the past decade. 

Almost 40,000 sqm was leased in retail and 25,000 sqm in the office segment. From the beginning of 2022, the entire office portfolio fully relies on green energy.

Earth Hour, initiated by WWF, was joined by CPI Hungary and new energy market provider Energo Hungary.