News, analysis and lease transactions from the Hungarian office market
In December 2019, Atenor and its contractor team, Péter Építő Kft. held a topping out ceremony for Aréna Business Campus Building ‘A’ as the structural works were completed and the development is going according to plans.
Cushman & Wakefield, Hungary’s leading real estate advisor contributed to the leasing of over 6,600 sq m prime retail warehouse area, and to the sales of 7,000 sq m countryside retail area in Q4 2019.
Leading global commercial real estate services and investment management firm, Colliers International announced, that Norbert Szircsák has been appointed as Head of Green Building Advisory Services.
The transaction, which was concluded on 13 December, saw WING Group become the majority owner of leading Polish real estate developer Echo Investment, a company traded on the Warsaw Stock Exchange.
S IMMO Hungary closed a major deal by selling one of its Budapest office buildings. The transaction was conducted after a longer negotiation period.
With the checkout of the last guest on the 04th November 2019 a new era has started in the story of the downtown building which in the past 20 years was known as the four-star Starlight Suiten Hotel Budapest.
5,200 square meters office space is leased by Intrum Justitia in Building ‘F’, the newest building of the Váci Greens office campus. With the arrival of the new tenant the occupancy rate of the 25,000 m2 office building is 60%, 7 months before its handover.
KNP LAW Nagy Koppány Lencs & Partners have moved into their new headquarters in Palazzo Hunyadi earlier this month. By leasing 513 sqm, Palazzo Hunyadi is 100% leased, as the Law Firm is the sole tenant of the building.
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