News, analysis and lease transactions from the Hungarian office market
Inspired by Lewis Carroll's famous work, "Alice's Adventures in Wonderland," the founders of White Rabbit chose their name in 2006. As an independent agency, they have participated in numerous international advertising festivals, winning awards and bringing them back home. Now they are ready to welcome their clients in the wonderful ZenGarden office building, located in Central Buda.
ConvergenCE prioritizes social sustainability, with a particular focus on accessibility. Their office buildings: CityZen, ZenGarden and Kálvin Square, obtained Access4you certification in 2020, being among the first to do so.
One month before the handover of the first tenant’s premises, RoseVille obtained the occupancy permit. The environmentally conscious building, developed by ATENOR with a rentable area of 15,500 square meters, will start operating in July this year.
Belgrade is the only metropolis in the region between Milan, Budapest, Istanbul, and Athens. "Nikola Tesla" Airport reached over 6 million passengers last year. Office space buyers are more and more demanding!
Under the theme ‘The Green Drive of the Real Estate Market: The Green Lease’, Colliers Hungary Ltd. and Dentons Réczicza Law Firm organized a business breakfast for professionals in the real estate industry, including developers, investors, landlords, and tenants, on May 16, 2023.
NEPI Rockcastle (NRP.AS) (JSE.NRP), Europe’s third largest listed owner, developer and manager of retail properties by portfolio market value at €6.6 billion, and the largest in Central and Europe, generated a 27% rise in net operating income (NOI) in the first quarter (Q1) of 2023 versus Q1 2022, to €120 million. The sharp uptick in performance extends the trend that was accelerating through 2022 and was driven by higher base rents, tight management of operating costs and an €8.8 million contribution from the three acquisitions - Forum Gdansk Shopping Center, Copernicus Shopping Centre, 50% of Ploiesti Shopping City - made by the Group in the second half (H2) of 2022. The increase in NOI was 17% on a like-for-like (LFL) basis.
A major player in the creative industry worldwide, advertising agency DDB signed a lease contract with DEREIF Hungary to occupy 868 sqm of top-quality office space on the 4th floor of Park Atrium office building from September 2023
The first phase of Futureal’s Corvin Innovation Campus has already obtained the occupancy permit. The complex, built in the extension of Corvin Promenade, is one of the most energy-efficient office buildings in Hungary and it is also a home to IBM Hungary's new head office
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