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Office market news

News, analysis and lease transactions from the Hungarian office market

Student accommodation in CEE: The next big thing?

A new report by Colliers International and international law firm CMS has revealed that Central and Eastern Europe may be facing a significant shortfall in student housing in the next 10 years

New software development centre in Budapest

The foundation stone of the future headquarters of evosoft Hungary Kft., one of the largest software houses in Hungary belonging to the Siemens Group, has been laid with all due ceremony, with the participation of Ádám Szigeti, Deputy Secretary of State for Innovation, Roland Busch, Chief Technology Officer and Chief Operating Officer of Siemens AG, and Noah Steinberg, Chairman and CEO of WING Zrt., the developer of the building.

ConvergenCE acquires Árpád Center office building in Budapest

The boutique investor, asset and property manager ConvergenCE has closed the acquisition of the Árpád Center office building in Budapest. The multi-let office building totals 5,400 m2 with 63 parking spaces and is located at the foot of the Árpád Bridge in a strongly developing office hub. This is the third in-house investment by ConvergenCE.