ARTICLES LABELLED WITH TAG Hungary

CTP is building Lenovo's first European plant in Üllő, Pest County, in ctPark Budapest East industrial park. As part of the investment worth more than €18 million, CTP is building Lenovo's first high-tech European plant on nearly 35,000 sqm, the delivery of which is scheduled for spring 2021.

Gábor Futó, the founder of Futureal and Cordia has funded a new industrial and logistics property development and investment company, HelloParks. The firm will operate as a member of Futureal Group and is headed by Rudolf Nemes. HelloParks aims to obtain a leading position of this dynamically growing segment, as a first step in Hungary, later on in the whole CEE market. Expanding the group’s portfolio will also contribute to Hungary becoming a true regional logistics center.  

Most hotels in Budapest will see their revenues decrease by more than 70% compared to 2019 this year, while hotels outside the capital expect 20% to 40% lower revenues, according to a representative survey commissioned by the Hungarian Hotel and Restaurant Association.

Unusually, due to the current situation, Euroconstruct has issued an interim forecast which is a revision of the June construction market forecast. The results have been summarised by János Gáspár, head of Euroconstruct's Hungarian research institute, Buildecon.

Central Business Center, an office building located in Inner Buda is undergoing a major renovation by ConvergenCE. Recognised as the highest quality office building in Budapest at the time of its construction in 1994, an upgrade for the 9,540 sqm property was long overdue.

GTC Supervisory Board has appointed Mr. Yovav Carmi to the position of the President of the Management Board of GTC.

Balázs Czifra has joined Infogroup in September 2020. He will oversee the sales, asset management and business development activities of the company.

As the next step in the integration of Vodafone Hungary and UPC, in the autumn of 2022, colleagues working in the company's Budapest offices will move to the Budapest One office park. The complex, developed by Futureal, will house Vodafone's new headquarters.

Cordia International Zrt. has acquired UK developer Blackswan. Cordia financed the transaction by using funds collected from the bond issuance under National Bank of Hungary’s Bond Funding for Growth Scheme. The acquisition allows Blackswan to deliver a £550 million project pipeline across the West Midlands

Atenor announced that RoseVille, its latest project in Budapest, located on Bécsi Road of District III has received the final building permit. The developer acquired the 6,604 sqm plot at 68-84 Bécsi Road last spring to build a 15,000 sqm Class A+ office building there.