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Office Market News

Green certification of own office on reasonable price

2/24/16

The Hungarian office of Colliers International - as the first European green certified office of the international real estate network - now continues its operation in a Silver level certified office of the LEED for Commercial Interiors system. “The fit-out and the certification of our own office required at least as much attention and work as to fulfill the expectations of our clients.” – said Norbert Szircsák, Senior Associate of Green Advisory Services at Colliers International.

CBRE Reports Robust Revenue and Adjusted earnings growht for full-year 2015

2/17/16

CBRE Group reported robust revenue and earnings growth for the year ended December 31, 2015, with full-year revenue and EBITDA reaching new highs for the company. In Hungary CBRE’s revenue rose with 35% and the total number of employees doubled in 2015.

Skanska maintains its position as office transaction leader in CEE region

2/15/16

2015 marked another strong annual performance by Skanska Commercial Development Europe. The company signed final sale agreements for eleven office buildings located in three Central and Eastern European (CEE) countries, achieving a total transaction volume of nearly 500 mln EUR for the year. Skanska is now compiling its sales portfolio for 2016 and continues to purchase land for new development projects.

New Director of Valuation at Colliers’ Hungarian Office

2/9/16

Colliers International Hungary is pleased to announce, that András Dallos has been promoted to the position of Director, Head of the Valuation and Advisory Services Division.

Renovation of River Estates finished in 2015

2/8/16

The technical and visual renovation of River Estates office building located on Váci út was completed by the end of 2015. In terms of sustainability, the installation of the new HVAC system (heating, ventilation, air conditioning) is the most important part of the project, significantly improving the building’s energy features. By the end of 2015 the building had an occupancy rate of over 96% with new lease agreements for approximately 4,500 sqm of office space.

CEE Retail Real Estate Awards: 4F and Apsys Group sweep the ceremony

2/4/16

Fashion Retailer 4F and developer Apsys Group have blazed their way through one of Central Eastern Europe’s top awards ceremonies.

Record year for JLL’s Tenant Representation department

1/28/16

In 2015 JLL’s market leader Tenant Representation department closed a record year as it took part in more than 50,000 sq m office space lettings reaching a 33% market share in the consulting market.

790 million Euro transacted on the Hungarian commercial real estate market in 2015

1/26/16

The Hungarian commercial real estate market reached the highest volume since the peak of the market in 2007 with ca. €790 million transacted in 2015. Almost 60% of the annual volume was generated by portfolio transactions, which clearly reflects the increasing interest of investors for large platforms in an attempt to gain significant exposure to the market.

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Harkácsi István

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