ARTICLES LABELLED WITH TAG Hungary

Skanska has started the development of the second office building of the H2Offices complex in Budapest.

Hungary's Indotek Group completed the acquisition of a stake in Auchan's domestic hypermarket business over the weekend. In addition to the 47% stake in the retailer, the real estate investor will also take over the operational management of the Auchan chain. The competition authority has already approved the acquisition, Indotek said.

UDI Group is starting construction in another European market, Hungary after the new year. The mixed-use Parkside project in Budapest is planned near Váci Road with apartments and a hotel for medium and long-term accommodation.

Industrial developer CTP has handed over a new 100,000 sqm logistics centre in Hungary to British retailer Tesco.

Wing has announced the sale of the Honvéd Center office buildings in the Central Business District of Budapest to Greve Honvéd Kft, a subsidiary of Hamburg-based Greve Group, for an undisclosed amount.

Romania’s property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.

Value of started construction projects in Hungary fell almost 17% down year-on-year in the first nine months of 2024, accounting for around HUF 1800 billion, according to EBI Construction Activity Report Hungary. 

Hungarian developer Living has delivered the first phase of the 165-unit Le Jardin residential park in Rozsnyay utca, District 13 of Budapest.

Total demand for industrial spaces in Hungary fell 11.5% to 483,000 sqm in the first three quarters versus the same period of last year. Net take-up, meanwhile, was up 3% to 384,980 sqm in the same interval, according to the Budapest Research Forum (BRF).

Living, Wing’s residential development arm, has secured a financing worth HUF 12 billion from Erste Bank for the construction of the Római Park residential project in Buda. Construction works started last August, with completion expected in 2026.