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RICS welcomes new board in Hungary

11/8/16

Enhancing the level of professionalism and transparency in the property industry is one of the missions of RICS in Hungary, who has a new composition of its board.

New CityZens, Tech Mahindra

11/8/16

CityZen, the newly renovated 12,500 m2 office building at Váci út 37 has leased 1,558m2 offices to Tech Mahindra.

Váci 1 and Eiffel Palace win 3 European Property Awards

11/3/16

The London Marriott Hotel Grosvenor Square was home to the European Property Awards Gala Dinner held last Thursday, attracting over 500 guests from across Europe. Váci 1 and Eiffel Palace, Horizon Development’s two redeveloped heritage buildings – both designed and built by DVM group – scooped up three amazing awards at the event.

Significant transactions, new experts at CBRE Hungary

10/28/16

CBRE continued its dynamic expansion in 2016, the significant transactions need more and more experts in the Budapest office of the world's largest real estate consultancy firm. The project management team has expanded to five members, and the work of the retail real estate unit is supported by a new senior professional. The team responsible for capital market operations is also completing significant orders, so this area has also increased the number of staff in 2016. The industrial property experts, in turn, have set a record with the market share of CBRE.

Office market in Budapest goes greener!

10/26/16

New green office building of Budapest, V17 opened its gates. The building is located at the beginning of the Váci corridor. The seven-story sustainable building of nearly 13,000 square meters area featuring cutting-edge technology, and offers "A" class office areas most of which are rent by E.ON Hungary Zrt. for long term. The V17 is owned by Torony Ingatlan Befektetési Alap represented by Diófa Alapkezelő Zrt., and was developed by Hungary’s leading commercial real estate developer WING Zrt. Building V17 required a HUF10 billion investment.

SPAR opening in CityZen

10/25/16

CityZen Office Building has recently leased its entire 853m2 ground floor to SPAR Magyarország. Located close to the highly frequented junction of Váci út and Dózsa György út, the SPAR supermarket will open in early November 2016.

The Hungarian real estate market is getting greener

10/21/16

Today one quarter of modern office buildings in Budapest have a sustainability evaluation certification, and even among the older office buildings a growing number apply new technologies. Almost all new real estate entrants offer architectural and environmental management solutions to their future tenants. Held by the world's largest real estate advisor, CBRE’s Green Week campaign, organized each year, aims to raise the awareness of the global real estate industry about social responsibility towards the environment by reaching its more than 70 thousand employees as well as its customers.

Cushman & Wakefield secure Media Markt at BC140 Office Building, Budapest

10/19/16

Cushman & Wakefield, exclusively representing the Landlord, a German fund, has successfully closed a long-term lease agreement with Media Markt extending to 2,888 sq m of office space and 50 parking spaces, at BC140 office building in Budapest, equating to an increase in the occupancy rate by 16% at the building.

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