News, analysis and lease transactions from the Hungarian office market
JLL tenant representation division closed the year 2017 with an outstanding result of 67,410 sq m total transacted volume, securing a 44% share in the tenant representation market, which made JLL the market leader again.
CBRE announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.
Everything you wanted to know about the fastest growing segment of the office market in 6+1 points
CBRE Hungary won both awards for the Best Agency and Property Management Company on the Europa Property Awards, held first time in Hungary. This is a 100% result as Commercial Real Estate Advisors could nominate in these two categories.
The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q4 2017 office market summary.
Colliers REMS Hungary has been assigned by Skanska for the role of property manager for Mill Park Offices, from 2018.
Market Central Ferihegy, one of the largest retail parks in Hungary, and adjacent office complex Quadrum have been acquired by Erste Ingatlan Alap. According to Erste Asset Management, growth of the economy and expansion of the retail market in Hungary may facilitate higher rent, representing favourable outlooks for future returns of real estate funds.
Central and Eastern Europe’s regional provider of top financial services – OTP Bank – set up a new, 450 sqm research and development center in the prestigious downtown building of Váci 1. The innovative office features a special education center, project rooms and a lecture hall. OTP LAB (OTP Bank’s retail innovation hub) started its activities on the 4th floor of the UNESCO World Heritage listed building in December 2017.
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