ARTICLES LABELLED WITH TAG Hungary

News Prime office rents grow across continents
04
Jul
2018

Prime office rents grow across continents

by Property Forum
Hong Kong Central remained the most expensive office market in the world, according to CBRE’s annual Global Prime Office Occupancy Costs report.
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News Online retailers will need to get used to higher rents
28
Jun
2018

Online retailers will need to get used to higher rents

by Ákos Budai
One of the most active industrial and logistics developers of the region has announced major expansion plans for Hungary this year. CTP hopes to increase the value of its Hungarian portfolio to €320 million by the end of 2018 from the current €250 million. Rudolf Nemes, CTP’s Country Manager for Hungary talked about changing tenant needs and challenges on the labour market.
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News GTC to build high-rise office building in Budapest
26
Jun
2018

GTC to build high-rise office building in Budapest

by Property Forum
GTC is preparing to build another office building in the Hungarian capital, The Twist – Budapest City Tower. The developer recently obtained the building permit. The new project is located in the 13th district in Budapest, next to the Árpád híd metro station.
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News Wing acquires office building in Budapest
25
Jun
2018

Wing acquires office building in Budapest

by Property Forum
Wing, through one of its investment funds, has acquired Infopark D office building in the South Buda area. The transaction was financed by HypoNoe Bank AG.
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News GTC finishes Budapest office building
25
Jun
2018

GTC finishes Budapest office building

by Property Forum
GTC Hungary has completed its latest office building in Budapest, GTC White House, which offers 21,500 sqm of Class A space. The developer also plans to launch two new projects in the city.
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News TriGranit launces new project in Budapest
18
Jun
2018

TriGranit launces new project in Budapest

by Property Forum
TriGranit launched the construction of its new Class A office development, Millennium Gardens, which is the final element of the Millennium City Center in Budapest. After its expected completion in 2020, the two-winged office complex, will provide approx. 37,000 sqm GLA and more than 600 parking spaces for tenants, greatly emphasizing today’s employee and tenant needs. In 2018-2019, the company is working on the launch of four office developments in Central Europe. As for its size, Millennium Gardens is one of the biggest office development project in Budapest to be handed over till 2020. Within the coming 12 months, TriGranit plans the start of the construction of 77,000 sqm GLA office space in Central Europe.
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News Immochan rebrands as Ceetrus
07
Jun
2018

Immochan rebrands as Ceetrus

by Property Forum
On June 5, 2018, Immochan becomes Ceetrus. A symbol of the transformation that the company has been going through for two years, this new name is meant to embody its evolution from a commercial real estate company to a mixed-use real estate developer.
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News HubHub to enter Budapest
06
Jun
2018

HubHub to enter Budapest

by Property Forum
HubHub, the co-working concept from international real estate developer HB Reavis, has announced the opening its first space in Hungary by the end of this year. The debuting brand will occupy a total area of 2,400 sqm at the well-known downtown hub, Király street. The new office is not only about state-of-the-art space, but education, the pooling of talent and community building will also be strong pillars of its presence.
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News Some CEE markets may cool down before they truly heat up
05
Jun
2018

Some CEE markets may cool down before they truly heat up

by Ákos Budai
Political risk seems not to be affecting the performance of CEE markets. Members of the investment panel at the Portfolio-RICS Valuation & Investment 2018 conference in Budapest are confident about the future of the market and view industrial/logistics and retail as the most attractive asset classes.
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News JLL to lease Budapest city logistics property
04
Jun
2018

JLL to lease Budapest city logistics property

by Property Forum
JLL's industrial real estate portfolio has expanded with the warehouse development called DOCK, owned by Dock Ingatlan Kft., in the Csepel Free Port area of Budapest. Following the real estate development in the 3.5-hectare area, a total of 15,000 square meters will be available for rentable warehouse space. Additionally, as a further development potential, the owners also highlighted the area of 80,000 square meters located on the northern part of the Free Port.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

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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