Skip to content
HU

Office market news

News, analysis and lease transactions from the Hungarian office market

Leading Healthcare Company Expands in Park Atrium

The Hungarian affiliate of one of the leading healthcare companies of the world created its new office spaces with the help of DVM group in Park Atrium office building. The company has already been present in several blocks and levels of the building, with its new leases occupying nearly 730 square meters on the 1st floor of B2 and up to 360 square meters on the ground floor of B4. The international company entrusted DVM group with design and construction tasks, while project management was provided by the global real estate services firm Cushman & Wakefield.

New tenants in Óbuda Gate office building

Diófa Asset Management is delighted to announce four new tenants leasing over 3 700 sq m in the landmark office building Óbuda Gate. Diófa Asset Management representing the owner, redeveloped several parts of the 14,000 sq m GLA office building to fit tenant’s expectations and to be more competitive on the market. Two property agencies are co-exclusively working on the office buildings’ leasing strategy: Robertson Hungary.and Jones Lang LaSalle.

Offices Along Metro Lines: M3 Line at the Top, M4 Almost Totally Deserted

The Váci út office corridor, the central business district (CBD) and the inner quarters of Pest are the most significant office locations in Budapest. The Budapest office of CBRE, the world’s leading real estate consultant, has synchronized its office market database with the metro lines and stations to highlight the current status of the city’s office market.

WING launches Skylight CITY office building development

WING is transforming the Material Center building, which until now has operated as a shopping mall, into a high quality yet cost-effective office building, giving it a new lease of life both architecturally and in terms of its function. The building, which has an area of over 20,000 square metres, will be fully converted and renovated to a high standard, to be reborn as the Skylight CITY office centre. The preparatory works have already begun, and offices are already available for rental in the building.

Investment in CEE Real Estate in 2017 is likely to surpass a record breaking 2016 year

2016’s record-breaking EUR12.2bn investment in the real estate sector in the CEE region is likely to be surpassed in 2017 – this is according to CEE Real Estate Investment Compass 2017 published by Colliers International, a global leader in commercial real estate services, and international law firm CMS. The sources of investment flows into the CEE region are also expected to remain diverse in 2017, with Asian and CEE investors becoming increasingly active in the real estate market.

96 per cent Occupancy in Kálvin Square Office Building

With 18 tenants, the Kálvin Square office building of ConvergenCE has 96% occupancy. Among its tenants, there are companies like Philip Morris Hungary, Faludi Wolf Theiss Lawyers, Aegon Hungary and GEOX. Currently, there is only one, 136 sq metre, office space available.