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Office market news

News, analysis and lease transactions from the Hungarian office market

New tenant in Akadémia Bank Center

The Akadémia Bank Center office building greets its new tenant. The lease contract for more than 400 sq m office space has been signed by the Confederation of Hungarian Employers and Industrialists, the biggest national economic business federation of the employers. DTZ Hungary was representing the Landlord while Colliers International was acting on behalf of the Tenant.

CEE region’s top manufacturers recognised for Manufacturing Excellence in Warsaw

CEO Manufacturing Magazine and Europa Property would like to thank all those that attended the 2nd annual CEE Manufacturing Excellence Awards held last night in Warsaw’s Intercontinental Hotel. The awards ceremony looked fantastic, and was witnessed by a select group of senior European and Central European Manufacturing professionals, affirming the event’s status as a true landmark event for the industry.

SUCCESSFUL LEASING IN ALKOTÁS POINT

With the contribution of DTZ two new tenants are moving to the exclusive office building, Alkotás Point. One of the tenants is Strusoft, a dynamically growing IT corporation specialized in the development on engineering software. The other tenant is an industrial service provider.

Demand for office space in Europe set to accelerate

In Hungary large occupiers have limited options of immediate availability and they shall consider pre-lease or BTS. Corporate real estate occupiers are expected to return to the market with new office space requirements across Europe as 2014 progresses, according to the latest research from CBRE, the global real estate advisor.

New office and new upswing at Mazars

The biggest tax advisory firms are on the move which is proved by the numerous press releases about advisory firms’ office and headquarters projects. PwC has just moved in the recently handed over Eiffel Palace office building, the completion of KPMG’s new headquarter on Vaci road expected in August, Mazars has committed itself to a new office building. Vivid interest of the enterprises of the advisory sector indicates that it is worth to reconsider strategies related to office area utilization.

CBRE named to FORTUNE 500 for 7th straight year

CBRE Group Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the seventh straight year. CBRE was the highest-ranked commercial real estate firm in the 2014 rankings and remains the only commercial real estate services firm ever included on this prestigious list.

Colliers International acquires property management company in Hungary

Global real estate firm Colliers International has acquired Property Partners, an established Property & Facility Management company in Hungary. The two parties will establish a new company bringing together Colliers Internationals’ existing and the newly acquired business with immediate effect.