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Office Market News

Lindt is expanding further in Budapest

Lindt plans to open a second retail unit in Budapest with JLL as its tenant representative. The international real estate advisory firm assisted the chocolatier Lindt&Sprüngli in the contract negotiation in their new downtown location, which will soon open on the Fashion Street.

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METRO PROPERTIES sells and leases back Central European portfolio of Cash & Carry stores

METRO PROPERTIES was advised by the Investment team of Colliers International Czech Republic for the Czech transaction, by Colliers Hungary for the Hungarian transaction and by Colliers Poland for the Polish transaction.

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Rebirth of a prestigious office building in Downtown Budapest

Irányi Palace - located in Downtown Budapest in Irányi street, between Váci and Veres Pálné streets – will rejuvenate by mid-2020 as a high quality, contemporary style office building.

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ConvergenCE Buys Buda Office Building

The Budapest based commercial real estate investor and developer, ConvergenCE has announced the acquisition of the Central Business Center office investment in the 2nd district of Budapest. ConvergenCE acquired the building in Horvát Street from Immonfinanz.

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JLL renegotiated Skyscanner’s leasing terms

JLL, the international real estate agency, has represented the tenant, the globally well-known Scottish Skyscanner, a travel fare aggregator, to renegotiate its office space in Budapest. The lease renegotiation of 1,000 sq m was successfully concluded and the client signed an additional 5 years in the K6 Office Building.

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IMMOFINANZ: Net profit more than doubles to EUR 185.3 million in the first half of 2019

The strong earnings development recorded by IMMOFINANZ in the previous year continued during the first half of 2019. Rental income rose by 10.8% (including the effects from the initial application of IFRS 16) to EUR 131.8 million.

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IMMOFINANZ expands STOP SHOP portfolio to 90 locations

IMMOFINANZ is driving the steady growth of its successful STOP SHOP retail park brand, as previously announced, with a next step that includes the expansion of the portfolio to 90 locations.

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Opening of building H in TRIGRANIT’S Bonarka For Business

Building H, the eighth element of TriGranit’s Bonarka for Business (B4B), one of the most popular office complexes in Krakow, has been opened. The eight-storey, Class A office building with 9,855 sqm GLA already has a 45% occupancy rate, while the occupancy of Building F has recently reached 100%. So far in 2019, there have been more than 11,000 sqm new leases or lease extensions in the Bonarka Office complex

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