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Office Market News

Pódium Office building fulfilling generation Y/Z needs

Only 6 months after welcoming its first tenants Pódium Office building is now close to an occupancy rate of 60%. Following a complete renovation in 2015 the building located in the downtown theatre district of Budapest has quickly become very popular for companies with a creative and technical background.

New brands, more visitors and family fashion programs in Campona

This year the number of visitors increased by almost 9 percent, and turnover by 10 percent in the Campona shopping center. South Buda’s prominent mall - managed by CBRE - has introduced new green solutions, and besides the familiar family programs, it awaits visitors with events related to fashion.

DVM Group Strengthens its Communication Team

DVM group announced the appointment of Orsolya Simon to the position of marketing & PR director. Orsolya is responsible for the overall communication of the integrated building services provider, with special focus on the design, construction, project management and sustainable consultancy businesses. Prior to joining DVM group, she worked for global property advisor CBRE for more than a decade, where she built up and ran the marketing and PR division in Hungary.

CCC opened its largest shoe store in Hungary in Pólus

Pólus Center is waiting its customers with further developments this year: refurbishing its first domestic store, CCC is offering affordable shoes to its customers now on 930 square meters in the mall managed by CBRE.

Property Investment volumes slightly down in CEE, but recovery expected in the coming quarters

Investment into Central and Eastern European (CEE) countries (excluding Russia) for Q1 2016 registered a slight decrease (6%) compared to same period of last year, reaching €1.84 billion. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015, with all CEE countries expected to perform strongly.

IMMOFINANZ with significant increase in office portfolio occupancy: plus seven percentage points to 82%

IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.

Luxury brands checked in to MOM Park, Budapest

Cushman & Wakefield, exclusively representing the Landlord, has successfully coordinated the entrance of three high end fashion retailers: Max&Co., Coccinelle and NUBU to MOM Park Shopping Centre.

Lettable offices directly at Budapest Airport

JLL has been exclusively appointed to represent the landlord in the letting of the office spaces in several properties at Budapest Airport. Altogether 8,300 sq m office space is available in various buildings and locations between Terminal 1 and Terminal 2.
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