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Office Market News

Honk Kong in a retail rent league of its own

Hong Kong continues to rank as the world’s most expensive global retail market, recording prime rents nearly 150 percent higher than New York and more than 400 percent higher than London and Paris, according to new research from global property advisor CBRE Group.

Atenor signs new tenant to Vaci Greens

Atenor, Belgian developer listed on Nyse-Euronext, announced the signing of a lease agreement in VaciGreens Building A in Budapest with SYKES, leading provider of customer contact management solutions and services. SYKES will occupy 2125m² on an entire floor.

CBRE appoints head of sustainability, EMEA

CBRE, the global property advisor, has appointed Rebecca Pearce as Head of Sustainability, EMEA. In this newly created role, Rebecca will work across CBRE’s extensive cross-border business, driving sustainable property and portfolio management initiatives on behalf of clients and responding to changing legislation and market trends. She will also oversee the company’s regional corporate responsibility policy and commitments to environmental sustainability.

According to Jones Lang LaSalle’s Q1 2013 Budapest City Report

73 million Euro was transacted on the Hungarian real estate investment market in Q1 2013 according to the international property advisor Jones Lang LaSalle. During the first quarter of 2013 only two transactions were concluded with a total investment volume of €73 million. One of these two transactions was not an institutional investment while the other was an off-market deal.

Gebrüder Weiss is expanding in Győr

Gebrüder Weiss signed a lease for 1,334 square meters of warehouse space and a corresponding 116 square meters of office space in the VGP Industrial Park of Győr. One of the leading logistics companies in Hungary, Gebrüder Weiss found a suitable property in Győr with the help of CBRE. Gebrüder Weiss is leasing 1,334 square meters of warehouse and 116 square meters of office space from a VGP-owned complex since May 2013.

Linzer Zollamtsgebäude wird Palais mit Wohnungen und Büros

LINZ. Sogar Erwin Soravia bequemte sich nach Linz. Er ist mit seinem Bruder Hanno der Kopf der international tätigen Soravia-Immobiliengruppe, und es gilt, in Linz Meter zu machen.

Jones Lang LaSalle turns out the light for Earth Hour in 2013

Office buildings managed by Jones Lang LaSalle and LaSalle Investment Management across the world go dark for an hour Saturday evening in observance of Earth Hour, the annual campaign led by World Wildlife Fund (WWF) to encourage commitment to action on climate change. Jones Lang LaSalle has participated in Earth Hour every year since the event began sseven years ago.

Appointments at CBRE

Seven staff members were promoted to Director and Associate Director positions at the Budapest office of the world's leading real estate consultant.