News, analysis and lease transactions from the Hungarian office market
With more than 80,000 entries from +180 countries, CBRE Group, Inc.’s Urban Photographer of the Year competition’s 11th year was its largest and broadest reaching. Richard Morgan, from the United Kingdom, has been named the overall winner of the competition.
• Growth of 4.5% in like-for-like rental income • Increase of 44.4% in results of operations to EUR 107.6 million • Improvement of 34.0% in FFO 1 to EUR 71.4 million
S IMMO Hungary, owner of River Estates office building located at the junction of Váci road and Dózsa György road, co-exclusively assigned JLL and Robertson Hungary real estate agencies to lease 9,200 square meters of quality office space.
More than 120 million customers visited IMMOFINANZ’s retail properties in 2017. These properties are branded as STOP SHOP and VIVO! and have roughly 800,000 sqm of rentable space in total.
ConvergenCE, the well known real estate developer, investor and development consultant, advised KPMG Global Services in leasing new offices on Váci út, Advance Tower. ConvergenCE fulfilled a similar role on behalf of KPMG in its relocation to its current headquarters in Vision Towers in 2014.
Exchange Palace the iconic former Budapest Stock Exchange building co-owned by Canadian developer Tippin Corporation and Luxembourg Optimum Fund Management, have received a final building permit and will commence reconstruction works in 2018.
GalCap Europe, a Vienna-based international investment and asset management company, acquired Central Udvar as its second property after the Merkur Palota in Budapest. The purchase was made on behalf of a separate account for a German pension scheme, administered by Institutional Investment Partners
Coworking? What's this word who's on the lips of the new generation? It described a share workplace, often an office where many differents activities cohabit. Lead by a generation of independents worker who are mostly in digital, it is the perfect environment to develop a company or an idea.
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