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Office Market News

Successful year-end, unbroken momentum at JLL

In 2018 JLL's Hungarian office closed an outstanding year, the company contributed to the biggest sales transaction of the year, and the office leasing division also outperformed its last year's performance.

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IMMOFINANZ’ myhive office brand proves a success story in Hungary - New services at myhive Atrium Park

Nearly two years have been passed since the opening of the first office building in Hungary under the brand myhive – IMMOFINANZ’ international office concept. Since then, the concept has already covered five Budapest office buildings of IMMOFINANZ, with a total of 113 000 sqm of leasable space and 56 tenants employing 7,500 people.

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Green Court launched by CODIC creating focal point for inner Váci Corridor

Codic International, the Brussels-based developer, announced that construction has commenced on the office component of Green Court, their latest mixed-use development to be realized in partnership with the Hungarian Pesti Házak and the Austrian Venta Group. The project is located in Budapest on Dózsa György út, the new focus point of the inner Váci corridor.

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The Budapest Research Forum hereby reports its Q4 2018 office market summary.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q4 2018 office market summary.

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Metropolitan Garden: new apartment complex to be built in Budapest by WING

As a follow-up to its highly successful Kassák Residence project, WING is developing a new residential project offering smart solutions at a desirable location in District 13, Budapest under LIVING, its umbrella brand specialising in residential properties.

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WING Sells Angyal Office Building to B&B Hotels, the Leading French Economy Hotel Chain

WING has sold the Angyal (Angel) office building, set adjacent to Boráros Square in central Budapest, to French economy hotel chain B&B Hotels. The building will be converted to a hotel based on the two companies’ strategic agreement, and become B&B Hotels’ first hotel in Hungary, with WING taking on development tasks.

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More than €1.8 billion transacted on the Hungarian commercial real estate market in 2018

During 2018 the total commercial real estate investment transaction volume passed the €1.8 billion level in Hungary, marking the third consecutive year of stable and strong investor appetite and the highest annual transaction volume since 2007– according to JLL Hungary's latest forecast.

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CBRE 2019 Market Outlook: European Real Estate Markets Continue To Build Momentum despite Global Uncertainty

The European property sector is expected to grow and bring new opportunities, despite continued downside risks, according to CBRE’s 2019 EMEA Market Outlook report.

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