GALCAP EUROPE acquires prestigious building in the center of Budapest
Vienna-based investment manager GalCap Europe has acquired "Merkur Palota" (the Merkur Palace) a fully renovated, prestigious office building in Budapest.
Office market news
News, analysis and lease transactions from the Hungarian office market
Blue Cube welcomes pharmaceutical system house, Novodata
Blue Cube offices on the Váci út corridor welcomes Novodata, a pharmaceutical software developer company, leasing over 950 sqm office space. Colliers International represented the landlord S IMMO, while Tower Ingatlan represented Novodata / LX Line within the transaction.
Luke Dawson appointed Managing Director & Head of Capital Markets for Central & Eastern Europe
Colliers International today announced that Luke Dawson has returned to Colliers International, effective immediately, in the role of Managing Director & Head of Capital Markets for Central & Eastern Europe (CEE).
New professionals joining the Investment Team at Colliers Hungary
Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017.
Office of the Year Winners have been announced – AddVal in the Final round
The Office of the Year Award was launched by iroda.hu in 2010 and has become an unique event in the Hungarian Real Estate market; the competition is organized and awarded annually in various categories, like Office of The Year, Coworking Office of The Year, Office Building of The Year, Green Property Project of The Year etc.
Mastercard moves to Váci 1
The multiple award winning, restored heritage building is home to the Hungarian headquarters of Mastercard as of January 2017. The market leader global financial service provider created its new office on 470 sqm, on the 3rd floor of the premium downtown property.
Váci Greens A
Atenor, advised by Cushman & Wakefield Hungary’s Capital Markets Team, have successfully sold Building A of their prestigious Váci Greens campus to an independent Hungarian investor group.
Hungarian commercial real estate investment market doubled in 2016
Investors spent EUR 1.54 billion in 2016 in the Hungarian commercial real estate market surpassing the 2015 level by 107 per cent. Last year both office properties and retail properties were in request, thus CBRE, the world’s leading real estate adviser is expecting a similar or even higher turnover for 2017.
