ARTICLES LABELLED WITH TAG Hungary

The crisis caused by rising energy prices worldwide could give a new impetus to the proptech sector which would make the real estate market more efficient through smart digital solutions. In addition to reducing costs, technology increases efficiency, contributes to sustainability and even offers alternative revenue opportunities. ProptechZoOm.com has conducted a comprehensive analysis of the present and future of the Hungarian digital real estate sector by interviewing proptech industry players.

Europa Capital and ConvergenCE have announced the new brand identity of the recently acquired Akadémia Business Center in the heart of Budapest. Alongside the launch of the refurbishment works, the riverside building will be rechristened Academia, as a vital part of its transformation and repositioning.

The pan-European real estate investment manager will invest in the logistics sector in partnership with White Star Real Estate.

Area Ingatlan Kft and its co-investor have acquired BC 91 Offices located on Budapest's Váci Road office corridor.

S IMMO has recently made major commitments towards building a fully ESG-compliant office portfolio in Budapest with a large acquisition and an ambitious green energy initiative. Géza Barabas, Country Manager of S IMMO Hungary talked to Property Forum about upcoming investment plans and the company’s ESG strategy for the Hungarian market.

Hungarian investment and property management company Indotek Group has launched 16 energy efficiency projects with a total worth of €1.4 million (HUF 500 million) to modernize its shopping centres and office buildings.

Last year, the Activity Start indicator of EBI Construction Activity Report reached a total of more than €7 billion (HUF 2,500 billion), an increase of almost 18% against 2020 and of more than 6% against 2019.

Last year the number of new green buildings and the "greening" of existing ones continued to grow dynamically in Budapest, Colliers reports.

HelloParks, a member of Futureal Group, has already handed over its first 46,000 sqm warehouse in Maglód which is operating with more than 80% occupancy. Preparations for the next 45,000 sqm phase (MG3) have begun. The new building is planned to be handed over in Q4 2022

Enter City Office Park will appear on the hilly side of the Hungarian capital and is expected to be completed in 2023, Építészfórum reports.