ARTICLES LABELLED WITH TAG Hungary

News CPI Hungary sells two properties in Budapest
12
Dec
2016

CPI Hungary sells two properties in Budapest

by Ákos Budai
CPI Hungary has sold its V188 office building and an adjacent development land (V190), both located on Budapest’s Váci corridor, to a Hungarian investment group. CPI Hungary plans to use the funds for increasing the value of its current portfolio and to implement new green investments. 
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News Atenor sells Budapest office building to Czech fund
12
Dec
2016

Atenor sells Budapest office building to Czech fund

by Ákos Budai
Belgian real estate developer Atenor announced the sale of Váci Greens Building C to Czech investment fund ZFP realitní fond (managed by ZFP Investments). This building is one of the three buildings completed by Atenor within its Váci Greens development in Budapest. Building C, completed in June 2015, comprises 18,500 sqm of office space, fully let to General Electric. 
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News International logistics centre to be built near Budapest
05
Dec
2016

International logistics centre to be built near Budapest

by Ákos Budai
Inpark, the Hungarian industrial property development group launched the construction of its first international logistics centre to be leased by Kühne + Nagel Hungary. 
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News 2016 investment volumes to reach €1.8 billion in Hungary
30
Nov
2016

2016 investment volumes to reach €1.8 billion in Hungary

by Ákos Budai
During the Q1-Q3 2016 period total commercial real estate investment transaction volume reached €1.5 billion in Hungary, nearly double the 2015 total volume, a testimony to the sharp liquidity increase – according to JLL Hungary’s latest statistics.The outstanding performance of the market was backed by the strong market fundamentals and the growing investor appetite for the high yielding Hungarian assets. Approximately 45% of the volume was generated by the office asset class followed by retail (29%) and logistics (14%). The remaining deals included a mix of hotel assets and properties for redevelopment purposes.
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News Portfolio acknowledges the best projects and the biggest deals in Hungary
30
Nov
2016

Portfolio acknowledges the best projects and the biggest deals in Hungary

by Ákos Budai
Six companies – Horizon Development, Wing, CBRE, CA Immo, JLL and TriGranit – were presented with Portfolio Property Awards at Property Investment Forum 2016 in Budapest. Portfolio acknowledged the Project of the Year, the Concept of the Year, the Leasing Transaction of the Year and the Investment Transaction of the Year for the seventh time.
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News Office developers get busy in Budapest
24
Nov
2016

Office developers get busy in Budapest

by Ákos Budai
During the third quarter, three new office buildings were completed with a total area of 39,570 sqm – reports JLL in their latest Budapest Office Market Pulse. The increasing development activity has had an effect on the vacancy rate as well: the Budapest office market’s vacancy rate made a slight increase to 10.9% as a result of the vacant space in the newly completed buildings and in the buildings from where the tenants moved out.
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News CTP completes acquisition of Westlog in Hungary
24
Nov
2016

CTP completes acquisition of Westlog in Hungary

by Ákos Budai
CTP continues expanding in Central Europe, with the recent acquisition of Westlog DC (Distribution Centre) 10 km from Budapest’s city centre. The park is situated west of the city, directly on the M1 motorway, near the junction of the main north-south M7 and the M0 ringroad.
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News Budapest is back on the acquisition map
24
Nov
2016

Budapest is back on the acquisition map

by Ákos Budai
2016 brought about yet another turnaround on the Hungarian commercial property market. Real estate professionals from the country and all over CEE came together in Budapest at Property Investment Forum 2016, organised by Portfolio. The biggest and most important event of the Hungarian real estate market was held for the 12th time this year, attracting over 700 visitors and nearly 100 speakers.
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News Budapest mall appoints C&W as property manager
23
Nov
2016

Budapest mall appoints C&W as property manager

by Ákos Budai
As of November 1 2016, Cushman & Wakefield has been appointed to undertake property management and leasing services at Mammut Shopping and Entertainment Centre in Budapest. The over 104 000 sqm, Mammut Shopping and Entertainment Centre,comprising two phases, is the largest shopping centre in Buda, with over 350 units and parking premises. The first phase, Mammut I. was handed over in 1998, the second phase, Mammut II. was delivered in 2001. 
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News Prologis to start new BTS developments near Budapest
21
Nov
2016

Prologis to start new BTS developments near Budapest

by Ákos Budai
Prologis has signed a new lease agreement for 13,800 square metres and will deliver two new facilities totalling 21,000 square metres at Prologis Park Budapest-Sziget for Waberer’s. The transactions with new customer Waberer’s include 13,800 square metres at DC7A, a 21,500 square metre speculative facility that is now fully let two months after completion and 21,000 square metres at DC7B and DC8 to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017. 
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Latest news


New leases

  • In recent weeks, three new tenants have joined the ranks of tenants at the RONDO Shopping Centre in Bydgoszcz, Poland. Gudi Home, Pink Box and Piekarnia Grochola Prawdziwy Chleb have signed lease agreements for premises with a total area of nearly 1,700 sqm.
  • Nearly 700 sqm of Infinity’s office space in Wrocław will be occupied by a team from ingage Poland software company. The new tenant has decided to lease office space located on the fifth floor of the building.
  • Auchan Romania has leased 2,600 sqm on the ground floor of the second phase of the U•Center office project in Bucharest.

New appointments

  • Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.
  • Daniel Rutkowski joined Walter Herz Investment Advisory Department, currently consisting of six people, and took the position of Development Manager. He will be responsible for searching for and acquiring investment projects, developing investment potential analysis and building the value of real estate.
  • Dariusz Proniewicz has joined MDC2's team of experts to take on the position of Development Director BTS, with responsibility for the development of BTS investments.


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