News, analysis and lease transactions from the Hungarian office market
During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion– according to JLL Hungary’s latest statistics.
The building’s owner WING, and the web shop Alza.hu, have signed a leasing agreement for the long-term rental of almost 5000 m2 in Skylight CITY following its redevelopment from a shopping centre into a high-quality, cost-effective office building.
Ágnes Szentpály has been appointed new Head of Property Management for Colliers in Hungary, per November 2 of this year.
Bischoff & Compagnons Property Networks GmbH was founded in Berlin in 1996 by Jürgen Bischoff as a joint venture real estate development and investment firm.
Colonnade Insurance, with CBRE's support, will move from its own property to the modern Balance Loft office building on Váci út, which is easy-to-reach for employees and customers, and where the conditions are also given for further expansion.
CBRE has been named the top global real estate advisory firm at the annual Euromoney Real Estate Awards for the sixth consecutive year and beside that, CBRE Hungary was named the leading advisor for Research and Valuation.
Savills has extended its Central and Eastern European (CEE) network by forming an association with ESTON International, Hungary’s leading independent property advisor within the real estate industry.
NEPI Rockcastle has bought Aréna Pláza for EUR 275 million from a consortium of private owners advised by CBRE Hungary.
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