ESG is rewriting the rules of office leasing with the attitude of landlords, tenants and service providers gradually changing. During a panel discussion recently organised by CEE-based flex space provider New Work at Science Park in Budapest, market experts discussed the topic in detail.

VGP, the European company that develops, manages and owns high-quality logistics and semi-industrial real estate, has handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. 

Hungarian residential developer Cordia, a subsidiary of Futureal Group, will soon launch a new large-scale district renewal development in Budapest. 

The first column of the first 58,000 sqm warehouse in HelloParks' Páty megapark has been placed. The nearly €70 million investment will be the largest contiguous warehouse in Budapest's agglomeration and it is HelloPark's largest project to date. 

The i6 Residence is near Central Europe's largest urban regeneration development area, the Corvin Promenade and is scheduled to be handed over in 2024.

Prologis has added another 14,000 sqm of warehouse and office buildings to its newest logistics park, Prologis Park Budapest – Sziget II. 

Duna House Group (DHG), the largest real estate agency in the region decided to unify its landing brokerage activity by creating a single brand called Credipass. 

The second phase of the almost completely contactless Corvin Innovation Campus office building developed by Hungarian firm Futureal has reached its highest point. This part provides 14,310 sqm of office space, and it has been developed according to the energy-cost-sensitive tenants’ needs. 

Chinese, German and Dutch buyers remain active in the residential market in Hungary, especially in Budapest and some popular touristic regions. The weakening local currency makes homes even more attractive to invest in. Property Forum talked to László Balogh, Chief Economist at ingatlan.com, Hungary’s largest listing platform, about the latest trends and the possible new wave of foreign buyers coming to the country.

Colliers announced that Kata Mazsaroff has been appointed as the new Managing Director for Hungary. Kata worked at Colliers between 2007 and 2020 where she established the Occupier Services business line, helping Colliers record the highest market share in tenant representation for several consecutive years in the Budapest market. Under Kata’s supervision, the department managed 250,000 sqm of projects for around €300 million lease value.