ARTICLES LABELLED WITH TAG Hungary

News SAP Hungary extends lease for 18,000 sqm in Graphisoft Park
09
Oct
2024

SAP Hungary extends lease for 18,000 sqm in Graphisoft Park

by Property Forum
SAP Hungary has recently renewed its office lease agreement for over 18,000 sqm at Graphisoft Park, where the software company has been present in the past 18 years.
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News Biggeorge Property announces international expansion plans
06
Oct
2024

Biggeorge Property announces international expansion plans

by Property Forum
Hungarian developer Biggeorge Property has extended its existing portfolio with an international residential property development division (Biggeorge Homes International) in Q4 2024, and brought aboard three new leaders to successfully implement its European expansion plans. Founder and CEO Tibor Nagygyörgy welcomes János Martin CEO, Zinaida Onczay-Vojnár International Business Development Director and Gábor Bakonyi-Kiss International Investment Manager in the group’s leadership. 
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News Hungarian investor buys retail park in Spain
04
Oct
2024

Hungarian investor buys retail park in Spain

by Property Forum
Gestor, a Hungarian private real estate investment and asset management company has acquired the Portal Mediterraneo retail park in Spain from Mitiska REIM. Savills acted as an intermediary in the successful transaction. 
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News Indotek Group names new Head of International Transactions
03
Oct
2024

Indotek Group names new Head of International Transactions

by Property Forum
Hungarian property investor Indotek Group has announced the appointment of Philip Wood as Head of International Transactions & Asset Management, tasked with overseeing the group’s international expansion strategy, focusing on key markets in Central, Southern, and Western Europe.
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News WING has completely transformed Budapest - What are the plans for the coming years?
03
Oct
2024

WING has completely transformed Budapest - What are the plans for the coming years?

by Gergely Ditróy
Over the last two and a half decades, a lot has changed in the Hungarian real estate market. Spectacular investments have shaped the image of the capital, while the modern real estate market as we know it today has gradually emerged. The biggest players were already present in the late 90s, including WING, which is 25 years old this year. During this time, the group has undergone dynamic changes, reflected not only in its developments in Budapest but also in its presence on international markets. We talked to Noah Steinberg, CEO of WING Group and Chairman of the Supervisory Boards of Echo Investment in Poland and Bauwert in Germany, about the main challenges of the past 25 years, the strategy that has been most effective in addressing them and the plans the group has for the next 25 years.
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News Residential property transactions go up in Hungary in September
02
Oct
2024

Residential property transactions go up in Hungary in September

by Property Forum
Real estate brokerage Duna House estimates that 9,754 residential properties changed hands, up 21% year on year, and that HUF 112 billion worth of housing mortgages were taken out in September 2024 in Hungary, more than double (+106%) of the base period's data. The number of transactions in the first nine months of the year shows a nearly 40% yr/yr increase.
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News Faedra Group starts new industrial projects in Budapest
23
Sep
2024

Faedra Group starts new industrial projects in Budapest

by Property Forum
Hungarian developer Faedra Group has kicked off the construction of two industrial and logistics warehouses in Budapest, covering a total of more than 21,000 sqm, following an investment of more than €23 million. 
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News Futureal Group announces new appointment
18
Sep
2024

Futureal Group announces new appointment

by Property Forum
János Gárdai has been appointed CEO of Futureal Development and Shared Services Partnership and Group Asset Management Director. 
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News Hungarian gov't considers tightening Airbnb regulation
17
Sep
2024

Hungarian gov't considers tightening Airbnb regulation

by Property Forum
"Airbnb is a housing issue, not a tourism issue, so that's not how we approach it," said Márton Nagy, Hungary's Economy Minister at a press conference on Tuesday. He stressed that they can agree with Alexandra Szentkirályi, president of Fidesz-KDNP in Budapest, who had said earlier that whatever the decision, she would propose to the government to introduce corresponding rules in Budapest and nationally.
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News Infogroup rebrands as Innovinia in expansion push
16
Sep
2024

Infogroup rebrands as Innovinia in expansion push

by Property Forum
Hungarian developer Infogroup has announced its rebranding as Innovinia as of September 16, as part of its strategy to expand abroad.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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