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Office Market News

Váci Greens office complex’s fifth building, ’F’ received the occupancy permit

5/28/20

The fifth, 25,053 m2 ‘F’ building of the A+ category Váci Greens office complex, already having a 67% occupancy rate, has received the occupancy permit as well. The first tenants are going to move in in June.

IMMOFINANZ with strong 18% increase in results of operations in Q1 2020, negative valuation results due to Covid-19

5/28/20

IMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income.

Third Lindt store opened in Budapest with JLL tenant representation

5/21/20

JLL closed a successful tenant representation transaction on behalf of the chocolate manufacturer Lindt&Sprüngli, this time choosing Arena Mall as its third store location.

myhive Haller Gardens renewed – new myhive services will be launched

5/20/20

Major upgrades are coming soon to the myhive Haller Gardens office building including new services for the tenants. The goal of IMMOFINANZ’s developments planned for 2020 is to raise the standards of modern work to a higher level.

Industrial and Logistics will become the new preferred segment by investors in current times

4/23/20

Residential tops the sectors in one deal cross the CEE region but, offices (27% share) have maintained their place in the order of preference, closely followed by Industrial and Logistics (26% share) in Q1 2020.

IMMOFINANZ increases net profit by roughly 62% to EUR 352.1 million in 2019 – FFO 1 rises to EUR 137.4 million

4/22/20

IMMOFINANZ is looking back on a very successful 2019 financial year: The clear improvement of 18.1% in rental income and 30.2% in FFO 1 from the standing investment business underscore the profitable growth of the portfolio to approximately EUR 5.1 billion.

Colliers International outlines the measures taken by governments across EMEA to counteract the negative economic consequences created by the COVID-19 pandemic

4/15/20

Colliers International’ latest report “COVID-19 European Real Estate Markets Government Response” presents information on how the national governments across EMEA are supporting businesses with specific reference to commercial and residential rent/mortgage payments, business loans and grants, taxation allowances and business rates and household/individuals salaries.

Construction of Aréna Business Campus Building “A” successfully completed, met deadline

4/14/20

Developing the capital’s largest office parks, Belgian Atenor started its grandiose project, Aréna Business Campus in the spring of 2018, located on Hungária Boulevard in District VIII. The real estate developer, quoted on the stock market of Brussels, implements four ‘A+’ category, environmentally conscious, outstanding level of quality office buildings on 72,000 m2 under number 30 Hungária Boulevard

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