Budapest has been named the best ‘workcation’ city in the world, beating competition from the likes of New York, Berlin and Singapore, according to IWG’s second Work from Anywhere Barometer.
The headline RICS Commercial Property Sentiment Index (CPSI) holds steady in the latest survey for Q2 2024, while the outlook for secondary offices and retail remains particularly negative in many markets.
Recorde Asset Management, the real estate fund management arm of Concorde Group, in close strategic cooperation with Forestay Group, is investing in the Móricz Student Living student residence and office building.
Total demand for office spaces in Budapest was up 21% year-on-year to 238,400 sqm, of which net take-up accounted for 105,860 sqm, according to the Budapest Research Forum (BRF).
Wing will open next year a new 4-star hotel with direct terminal access to the Budapest Liszt Ferenc International Airport. The hotel will be operated under a management agreement with Accor.
CA Immo and Morgan Stanley have signed the prolongation of a long-term lease agreement for around 20,000 sqm in Budapest-based Millennium Tower office buildings I-III.
The Melea – The Health Concept in Sárvár has become the first building in Hungary to receive the LEED BD+C: Hospitality certification, with the Gold status. The project was assisted by Colliers ESG Team in the certification process.
Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.
A new flagship Stay Fit Gym centre will open this summer in the Palas mixed-use complex, owned by Iulius in the center of Iași. The chain currently includes 52 locations and boasts over 60,000 active members.
CCC, a chain of footwear and clothing shops, has opened a two-storey shop of over 1,600 sqm in Warsaw's Promenada gallery
New appointments
CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.
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