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Office Market News

IMMOFINANZ: Net profit for 2015/16 negatively influenced by Russia and non-recurring effects, dividend of 6 cents per share planned

IMMOFINANZ recorded net profit of EUR -390.4 million for the 2015/16 financial year (2014/15:EUR -376.6 million). The year-on-year decline resulted primarily from EUR -469.8 million of negative effects from the foreign exchange-adjusted valuation of the Russian portfolio and from a decrease in rental income to EUR 314.5 million (2014/15: EUR 385.6 million) which was caused by temporary rent reductions in Moscow and the planned sale of properties.

The latest economic facts about CEE reveal the region’s mission: to outperform

Jaguar Land Rover invests $1.6bn in Slovakia, the world's first Hyperloop railway will connect Bratislava and Vienna in 20 minutes, Poland and the Czech Republic sign strategic deals with China, Germany's most important trading partner is the V4 group, and nine Romanian cities are among the top 15 cities with the highest Internet download speed in the world. If these facts surprise you then it is high time to catch up with the latest facts and explore the economic and investment potential of the region in the latest CEE Investment Report 2016: Mission to Outperform, compiled by Skanska, JLL, Dentons, in cooperation with ABSL.

The BRF second quarter 2016 office market data

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises of CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports the Q2 2016 office market analysis.

CPI Human Innovation Program

By its lately launched Office@your service campaign, CPI Hungary would like to draw attention to its new program, wherein a service package was introduced to ease the day-to-day routine of those working in the office block and bring some more colour into usual office life.

Szamos Today – New Trends and Traditional Elegance at the Parliament

One of the most successful Hungarian family businesses, Szamos Marzipan opened a three-storey retail unit next to the House of Parliament in Budapest. The café, the construction of which DVM group took part in, boasts a superb view of Kossuth square. With its modern style and expanded product range, the coffee house represents a new direction within the Szamos ventures.

IMMOFINANZ expands with STOP SHOP: 57th retail park opened, further locations planned

IMMOFINANZ is continuing the expansion of its STOP SHOP retail park chain at a fast pace: the 57th location was opened today in the Polish city of Szczytno. After Niš in Serbia and Świnoujście in Poland, this represents the third project completion in two months – and the next locations have already been identified: a STOP SHOP will open in the Serbian city of Valjevo during early autumn, and in Poland preparations are underway for retail parks in Pultusk and Gdynia.

JLL named a Top Attractor Company by LinkedIn

The 433+ million members of LinkedIn have voted with their actions and selected JLL (NYSE:JLL) as one of the top companies in the world at attracting and keeping top talent. The Top Attractors list is the first ranking of its kind based entirely on user activity such as job applications, career website engagement and employee retention. Ranked in 29th position globally, JLL is the only real estate company on the list.

Diófa Fund Management investing in retail

Diófa Fund Management is pleased to announce the purchase of Europark shopping centre in Budapest from Unibail Rodamco, the leading listed commercial property company specialized in shopping centres.