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Green House is the greenest commercial development project on the Hungarian office market, and the first one to pre-certify for LEED Platinum. Future tenants will benefit from an i...

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Does Good Atmosphere at Work Really Improve Performance?

American researchers have analyzed the effects of a good atmosphere in the workplace. They pointed out that a positive work environment reinforces the performance of employees, because informal exchanges between colleagues make it possible to acquire new knowledge.

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Exceptional yields confirm Eiffel Palace’s market value

Heritage protected Eiffel Palace – originally constructed in 1893 – was sold twice within the last three years, both times at the best yield in the Hungarian property market. The National Bank of Hungary (MNB) purchased the building directly from the developer (Horizon Development) three years ago in August 2014 at a price of €45.3M, with an approximate yield of 6.5%, and resold it in August 2017 to Luxembourg-based Corpus Sireo Real Estate investment fund for €53.8M, at a yield around 5%, generating an almost 20% profit on the deal.

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Cushman & Wakefield clearly leading the Budapest office market

After 5 years of being absolute market leaders in Budapest, Cushman & Wakefield still holds the trophy this year by being involved in over 48,000 sq m office lease transactions till the end of July. During this time Cushman & Wakefield’s continuously growing Office Agency team concluded 40 transactions.

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S IMMO: further potential in local market

Ms. Katalin Sermer, CEO of S IMMO Hungary Kft is quite optimistic for the future regarding Budapest office market. The company is ready for an upward period, expected developments of the last years resulted; the average occupancy rate is above 90% – she says.

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New Work: 3-5 new centers by the end of the year

Mr. Hubert Abt, managing director of Property Systems says that they are the fastest growing serviced Office provider in CEE and going to be market leader in Budapest soon. The plan is quite ambitious, but not impossible: the first New Work office has been opened in 2013, and they have just opened their 6th facilities. It is called A100, and perhaps this is the most elegant of all.

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Date Business Center Tenant m2 Agency
2017 Q4 Mozsár Trade Center Hiya Hungary Kft. 153 Mozsár Trade Center Bt.
2017 Q4 Nordic Light Rail Cargo Hungaria Zrt. 1250 Skanska
2017 Q3 Mozsár Trade Center Pensum Group Szolgáltató Kft. 203 Mozsár Trade Center Bt.
2017 Q3 Mozsár Trade Center Hiya Hungary Kft. 252 Mozsár Trade Center Bt.

More Transactions »

Best of 2017

Best of 2016

  • Largest Rental:

    Mill Park - Colliers, with 17300m2 rented space

  • Most Active Office Building:

    Mill Park, 1 db rentals, with 17300m2 rented space

  • Most Active Agency:

    CA IMMO, 10 transactions, transactions total space: 18890 m2

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