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Office Market News

The construction and leasing of Aréna Business Campus is in full swing

9/26/19

Atenor has opened its brand new, super modern showroom in Aréna Business Campus Building A that is under construction.

Brown-Forman found its new office with JLL’s assistance

9/23/19

The Brown Forman Corporation is one of the largest American-owned producers in the spirits and wine business. Its portfolio includes such well-known brands as Jack Daniel’s Tennessee Whiskey, El Jimador tequila or the Finlandia Vodka

Lindt is expanding further in Budapest

9/11/19

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.

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

9/9/19

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.

Rebirth of a prestigious office building in Downtown Budapest

9/4/19

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.

ConvergenCE Buys Buda Office Building

9/2/19

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.

JLL renegotiated Skyscanner’s leasing terms

9/2/19

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.

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

8/29/19

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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Harkácsi István

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