ARTICLES LABELLED WITH TAG Hungary

News MOL Group lays foundation stone for new HQ
04
Oct
2018

MOL Group lays foundation stone for new HQ

by Property Forum
MOL Group has laid the foundation for the new MOL Campus headquarters. The future workspace for up to 2,500 employees will be located on the banks of the Danube in the southern part of Budapest, close to the current HQ building. Construction is scheduled to be completed by 2021.
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News Strong appetite for Hungarian assets but nothing to sell
01
Oct
2018

Strong appetite for Hungarian assets but nothing to sell

by Ákos Budai
The first six months of 2018 haven’t been the strongest for the Hungarian investment market but the current pipeline of deals leaves much room for optimism regarding the remaining months of the year. Benjamin Perez-Ellischewitz MRICS, Regional Director and Head of Capital Markets Hungary at JLL talked to us about new investments, rising asset classes and game-changing technologies. 
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News 35% growth on Budapest’s Airbnb market
27
Sep
2018

35% growth on Budapest’s Airbnb market

by Property Forum
Airbnb activity in Budapest shows strong growth in overnight stays in 2017, reaching almost 1.5 million, which represents an increase of 35% y-o-y. The top 3 neighbourhoods (District V, VI and VII) account for 69% of the total Airbnb bookings in Budapest, says the latest Budapest city report on Airbnb released by Colliers International and Hotelschool The Hague. All data is directly provided from Airbnb through AirDNA’s authentic source.
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News M7 Real Estate sells Budapest and Prague industrial parks
27
Sep
2018

M7 Real Estate sells Budapest and Prague industrial parks

by Property Forum
M7 Real Estate has recently sold three assets, Innovations Business Park in Budapest, Hungary and Sanitas Industrial Park and Uhrineves Industrial Park both located in Prague, Czech Republic, for a total of circa €24 million, delivering investors a strong increase in value.
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News Knight Frank opens new office in Budapest
24
Sep
2018

Knight Frank opens new office in Budapest

by Property Forum
Knight Frank formally opened a dedicated office in Budapest, becoming a fully branded Knight Frank business from 20 September 2018.
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News Bluehouse Capital sells Budapest office building
24
Sep
2018

Bluehouse Capital sells Budapest office building

by Property Forum
With investor appetite for newly-built offices remaining competitive there is also a continuous demand coming from investors seeking older, yet sustainably rentable offices with high occupancy – these refurbished offices remain attractive for the active funds in Budapest. This time CBRE has transacted Bluehouse Capital’s Margit Palace sale to Adventum TRIUM Real Estate Fund.
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News Skanska starts third phase of Budapest project
19
Sep
2018

Skanska starts third phase of Budapest project

by Property Forum
Skanska is investing about €29 million in the third phase of Nordic Light office complex, located in the 13th district of Budapest with a total leasable area of 14,000 sqm. Nordic Light Trio is designed to meet the WELL Building Standard.
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News Futureal, UniCredit and Erste Group sign loan agreement in Budapest
19
Sep
2018

Futureal, UniCredit and Erste Group sign loan agreement in Budapest

by Property Forum
Futureal Group signed a loan agreement for €150 million (roughly HUF 48 billion) with a consortium led by UniCredit acting as Bookrunner and Facility Agent. UniCredit and Erste Group will finance Buda's biggest shopping centre with equal parts, marking one of the largest shopping centre-related financings in Hungary over the past ten years. The construction of Etele Plaza, with a gross area of 137,000 square meters, is already underway.
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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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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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