ARTICLES LABELLED WITH TAG Hungary

News New Work opens 7th location in Budapest
12
Apr
2021

New Work opens 7th location in Budapest

by Property Forum
CEE-based flex office operator New Work continues to expand in Hungary and has opened its 7th business centre in Budapest. The company has signed for 2,000 sqm of office space in the Science Park office building in South Buda.
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News Atenor secures building permit for Budapest office project
09
Apr
2021

Atenor secures building permit for Budapest office project

by Property Forum
The first phase of Atenor’s BakerStreet office project in District 11 of Budapest has received the final building permit. Located at the intersection of Szerémi and Hengermalom Roads, BakerStreet Phase 1 will be implemented as a Class A+ office development on 17,000 sqm and will be handed over in Q1 2023.
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News Duna House posts strong figures for Q1 2021
09
Apr
2021

Duna House posts strong figures for Q1 2021

by Property Forum
Publicly traded Hungarian real estate brokerage firm Duna House has released its metrics for the first quarter. Duna House started the year with record quarterly volumes in all of its core business lines in the middle of the third wave of the COVID-19 pandemic. After a series of record highs in 2020, the first quarter, which is usually weak seasonally, brought all-time records in both real estate and credit brokerage in 2021: franchise real estate brokerage grew by 36%, own office real estate brokerage by 37% and credit brokerage by 6% year-on-year.
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News John McKie appointed MD of CA Immo Hungary
09
Apr
2021

John McKie appointed MD of CA Immo Hungary

by Property Forum
John McKie will join CA Immo Hungary as Managing Director from 1 June 2021. In this function, he takes over responsibility for the Hungarian business activities, including asset management, leasing, marketing and tenant relations.
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News NIPÜF sells land in Tatabánya to South Korean company
08
Apr
2021

NIPÜF sells land in Tatabánya to South Korean company

by Property Forum
Hungarian state-owned NIPÜF Group, the developer of the Inpark Tatabánya industrial park, sold a two-hectare building plot to the Hungarian subsidiary of Soulbrain. The South Korean company will produce electrolytes for lithium-ion batteries.
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News Wing starts next phase of Budapest resi project
08
Apr
2021

Wing starts next phase of Budapest resi project

by Property Forum
Construction works have started on the second phase of the Park West project of Wing's residential development division, Living, as announced in September 2020. Park West 2 is expected to be handed over at the end of the first half of 2023.
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News Retail developer SES plans new projects in CEE
07
Apr
2021

Retail developer SES plans new projects in CEE

by Ákos Budai
Without a doubt, the pandemic has brought many changes for the retail market but many developers see this as a time for trailblazers. Christoph Andexlinger, Chief Operations Officer at SES Spar European Shopping Centers discussed with Property Forum the effects the pandemic had on the company’s operations and shared some details about future plans.
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News Immofinanz leases 21,000 sqm of office space in Budapest
06
Apr
2021

Immofinanz leases 21,000 sqm of office space in Budapest

by Property Forum
In Immofinanz's Hungarian portfolio, several lease agreements and extensions of almost 21,000 sqm have recently been completed. Thus, most of the company's local office buildings are currently fully leased.
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News Diófa Asset Management appoints new officials
06
Apr
2021

Diófa Asset Management appoints new officials

by Property Forum
Hungarian investor Diófa Asset Management has appointed new senior officials, including a new CEO, deputy CEO and chairman, the company announced. Following the recently completed acquisition of Diófa, Indotek Group expects the fund manager to secure a substantial market share in Hungary and increase its presence in the CEE region.
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News Hungary’s housing market continues to soar
02
Apr
2021

Hungary’s housing market continues to soar

by Property Forum
Just one month ago, we reported that February 2021 had been the strongest month for the past ten years with regard to the number of transactions in the Hungarian housing market. It now appears that the record was short-lived as there were 15,630 residential property deals nationwide in March according to the latest monthly transaction estimate of real estate group Duna House. The figure is more than 1,000 higher than in February.
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Latest news


New leases

  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.

New appointments

  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.
  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.

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