ARTICLES LABELLED WITH TAG Hungary

News Hotels in CEE to improve ESG credentials and carbon footprint
26
Oct
2023

Hotels in CEE to improve ESG credentials and carbon footprint

by Property Forum
Half of the hotel investors in CEE already address ESG in their transaction due diligence, and 40% are in the process of including it, says Cushman & Wakefield in their newest report.
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News Hungary's office market remains price-sensitive
26
Oct
2023

Hungary's office market remains price-sensitive

by Property Forum
Hungary's office market has slowed down, tenants are more cautious. Sadly, it often results in drawn-out decision-making as tenants focus on safe solutions, fearing the unpredictability of the future. In consequence, there are more renewals and fewer relocations. However, demand for experienced advisors providing high-added value is ever-growing, as the alternative – rectifying a poor lease contract after it is signed – is difficult and expensive, says Valter Kalaus, Managing Partner of Newmark VLK Hungary.
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News Infogroup to extend industrial park in Kecskemét
24
Oct
2023

Infogroup to extend industrial park in Kecskemét

by Property Forum
Just a few months after the handover of the first 21,000 sqm speculative industrial and logistics hall of IGPark Kecskemét South, Infogroup started the construction of a new building. The new hall is scheduled to be handed over in q4 2024.
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News Nhood Services and Ceetrus to sell Hungarian business to Indotek
19
Oct
2023

Nhood Services and Ceetrus to sell Hungarian business to Indotek

by Property Forum
Negotiations with Indotek Group have resulted in the sale of 100% of the Hungarian activities of Nhood Services and Ceetrus Hungary to the Hungarian investment group, Nhood Hungary announced. It also confirmed that with this transaction Indotek has acquired a 47% stake in Auchan's Hungarian retail operations. Auchan has an extensive Hungarian network of 19 hypermarkets, 5 supermarkets, and 18 petrol stations.
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News Industrial stock and vacancy rise sharply in Hungary in Q3 2023
19
Oct
2023

Industrial stock and vacancy rise sharply in Hungary in Q3 2023

by Property Forum
In Q3 2023, the Greater Budapest speculative stock increased by 140,730 sqm, adding five buildings to the stock. Five new buildings were also handed over in regional cities adding another 92,610 sqm to the stock there. The vacancy rate at the end of Q3 2023 was 10.0% in Greater Budapest, an increase of 140 basis points quarter-on-quarter and an increase of 510 basis points year-on-year, the Budapest Research Forum (BRF) reports.
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News "We should create energy-producing buildings. Now."
17
Oct
2023

"We should create energy-producing buildings. Now."

by Property Forum
Austrian developers and construction companies show a good example of how to realise truly sustainable buildings. Green residential projects are not a goal, but practice in Austria, says Rudolf Riedl, Managing Director of SÜBA Hungary who also shared his opinion on the shortcomings of the Hungarian real estate market.
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News Office vacancy rate climbs again in Budapest in Q3 2023
16
Oct
2023

Office vacancy rate climbs again in Budapest in Q3 2023

by Property Forum
The office vacancy rate in Budapest increased to 13.2%, representing a 0.6 pps growth quarter-on-quarter and a 2.2 pps increase year-on-year. Two smaller buildings have been handed over while the demand has increased by 14% compared to the previous quarter, the Budapest Research Forum (BRF) reports.
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News Wing to build new hotel at Budapest Airport
11
Oct
2023

Wing to build new hotel at Budapest Airport

by Property Forum
A new hotel representing a special brand from Accor Group is to open at Ferenc Liszt International Airport, developed by Wing, in cooperation with Budapest Airport, the developer announced. The handover is expected in 2025.
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News Subscription starts for Shopper Park Plus shares in BSE
09
Oct
2023

Subscription starts for Shopper Park Plus shares in BSE

by Property Forum
Shopper Park Plus (SPP) shares are now available for subscription, paving the way for the first euro-based listing on the Budapest Stock Exchange (BSE). The shares of the regulated real estate investment pre-trust, which owns a portfolio of 18 retail units, will be offered for sale through OTP Bank and Concorde as distributors.
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News IHG Hotels & Resorts signs two hotels in Budapest
05
Oct
2023

IHG Hotels & Resorts signs two hotels in Budapest

by Property Forum
IHG Hotels & Resorts and Wing, a leading Hungarian property development and investment company have announced the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid. Signed at the real estate trade fair Expo Real 2023, both properties mark brand debuts to Hungary, demonstrating investment and growth in the premium and essentials hotel segments.
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Latest news


New leases

  • Two more brands have joined the ranks of tenants at Galeria Copernicus in Toruń: Żabka (60 sqm) and the pet shop Aquael ZOO (170 sqm).
  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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