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Office Market News

New professionals joining the Investment Team at Colliers Hungary

2/22/17

Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017.

Office of the Year Winners have been announced – AddVal in the Final round

2/15/17

The Office of the Year Award was launched by iroda.hu in 2010 and has become an unique event in the Hungarian Real Estate market; the competition is organized and awarded annually in various categories, like Office of The Year, Coworking Office of The Year, Office Building of The Year, Green Property Project of The Year etc.

Mastercard moves to Váci 1

2/9/17

The multiple award winning, restored heritage building is home to the Hungarian headquarters of Mastercard as of January 2017. The market leader global financial service provider created its new office on 470 sqm, on the 3rd floor of the premium downtown property.

Váci Greens A

2/7/17

Atenor, advised by Cushman & Wakefield Hungary’s Capital Markets Team, have successfully sold Building A of their prestigious Váci Greens campus to an independent Hungarian investor group.

Hungarian commercial real estate investment market doubled in 2016

2/1/17

Investors spent EUR 1.54 billion in 2016 in the Hungarian commercial real estate market surpassing the 2015 level by 107 per cent. Last year both office properties and retail properties were in request, thus CBRE, the world’s leading real estate adviser is expecting a similar or even higher turnover for 2017.

A remarkable year of the Hungarian commercial property market

1/30/17

The sound global and domestic investment climate generated a major push in investment activity in Hungary reaching the second highest ever registered annual volume of EUR 1.7 bn in 2016, i.e. 133% up from the previous year. The most popular type of assets were offices with share of 56%, followed by retail at 25% and industrial deals accounted for 11% of the overall volume.

Cushman & Wakefield office Leasing Team Retain  Market Leading Position for 5th Consecutive Year

1/26/17

C&W retained its market leading position for the fifth consecutive year in 2016 – being involved in circa 83,500 sq m of office lease transactions or 32% share of the Agents Market. C&W concluded all together 92 transactions with an average deal size above 907 sq m, further cementing their market leading position in the country.

Accounting and property management of Váci Greens’ Building „C” carried out by CBRE

1/23/17

The property management and (property and SPV) accounting of Váci Greens’ Building C, acquired by ZFP Investments, acting on behalf of the ZFP realitní fond, a Czech real estate fund entering the Hungarian commercial real estate market, is now performed by CBRE.

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