ARTICLES LABELLED WITH TAG Hungary

News GTC expands in Budapest
19
Sep
2018

GTC expands in Budapest

by Property Forum
GTC announced the acquisition of a new development project in Budapest, adjacent to GTC Hungary’s Center Point Office Buildings. This new project will be titled Center Point 3 and will add approximately 35,500 sqm GLA of office and commercial space to the flagship Center Point Office Campus.
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News K&H Bank finances office building in Budapest's BudaPart
14
Sep
2018

K&H Bank finances office building in Budapest's BudaPart

by Property Forum
K&H Bank concluded a financing agreement with the developer concerning BudaPart GATE, the first office building of the largest multi-functional real estate development of Budapest. The first office building of BudaPart is a 20,092 sqm and 11-storey building with an occupancy soon reaching 40%.
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News NEPI Rockcastle buys Mammut shopping centre in Budapest
13
Sep
2018

NEPI Rockcastle buys Mammut shopping centre in Budapest

by Property Forum
NEPI Rockcastle announced the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping centre in Budapest. The aggregate net purchase price for the acquisition was €254 million, according to the company's statement.
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News pbb provides €68 million credit facility to ECE in Hungary
11
Sep
2018

pbb provides €68 million credit facility to ECE in Hungary

by Property Forum
pbb Deutsche Pfandbriefbank provided a facility of €68 million to ECE. pbb acted as arranger and sole lender under the facility.
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News Prologis builds first BIM-designed logistics facility in CEE
10
Sep
2018

Prologis builds first BIM-designed logistics facility in CEE

by Property Forum
Prologis has begun construction of a new 10,000 square meter speculative facility at Prologis Park Budapest-Harbor in Hungary. Completion is scheduled for the first quarter of 2019, just six months after the start of the development.
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News Chapman Taylor unveils plans for Budapest mixed-use project
06
Sep
2018

Chapman Taylor unveils plans for Budapest mixed-use project

by Property Forum
Chapman Taylor’s design for a mixed-use community in Budapest has been unveiled. The urban regeneration masterplan would transform a derelict former slaughterhouse complex into a dynamic residential and office district with complementary retail and leisure provision and two underground levels of parking.
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News Further rental growth on Budapest’s office market
29
Aug
2018

Further rental growth on Budapest’s office market

by Property Forum
A strong increase in new supply is expected in the upcoming two years, however, most submarkets of the Budapest office market will still face rental growth in 2018. Sustained rental growth for Class A properties across all submarkets - except the Periphery - is forecasted. Rental growth on the Class B market is expected to be more moderate, driven both by Hungarian firms entering the institutional market and multinational firms seeking lower cost office options, according to Colliers International's latest, mid-year office market report.
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News OTP fund buys Budapest office-retail complex
14
Aug
2018

OTP fund buys Budapest office-retail complex

by Property Forum
MOM Park, a 50,000 sqm prime shopping mall and office property in Budapest was sold by a consortium of a fund managed by Morgan Stanley Real Estate Investing, Hungarian developer and investor Wing and Austrian shopping centre specialist CC Real to OTP Real Estate Investment Fund. The mall had been acquired in 2015 by the consortium, and since then significant investments have been made in the building enhancing its value as a property and a business.
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News Skanska sells Budapest office project to Erste fund
09
Aug
2018

Skanska sells Budapest office project to Erste fund

by Property Forum
Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt., one of the subsidiaries of Erste Asset Management GmbH, for €100 million. This is the second acquisition from Skanska in Budapest that the purchaser has made following the Nordic Light transaction in 2016.
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News Skanska plans new project in Budapest
07
Aug
2018

Skanska plans new project in Budapest

by Property Forum
Skanska has acquired the 61-meter Waterworks office building in Budapest. The developer is demolishing the 26,000 sqm office building which dates from 1981. Later on, Skanska plans to develop a modern, visionary office complex in the same location.
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Latest news


New leases

  • A 200-square-metre Office Shoes store offering branded women's, men's, and children's footwear has opened in the Forum Gdańsk shopping centre. This is the chain's first shop in Gdańsk.
  • IWG has leased 906 sqm for a new Regus space in VOX Technology Park in Timișoara.
  • 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.

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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