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Office Market News

Lettable offices directly at Budapest Airport

5/5/16

JLL has been exclusively appointed to represent the landlord in the letting of the office spaces in several properties at Budapest Airport. Altogether 8,300 sq m office space is available in various buildings and locations between Terminal 1 and Terminal 2.

Lágymányos: new developments in Budapest’s most sought-after office market

5/5/16

The north western part of the South Buda office market, the Lágymányos micro-market is one of the most popular location of the past 15 years. Only 1.7% of the offices were vacant at the beginning of 2016, which is the lowest vacancy rate in Budapest.

OTP Real Estate Investment Fund has acquired a logistics centre in Győr

4/28/16

OTP Real Estate Investment Fund has acquired a high-value logistics property within the Industrial Park of Győr. The 30-thousand-square-metre warehouse is fully utilized due to its high quality, state-of-the-art infrastructure and strategic location. Among its tenants there are domestic as well as multinational companies. The purchase is part of a portfolio optimization strategy, by which the Fund aims to increase the yields of the OTP Real Estate Investment Fund.

New Associate Directors at Colliers’ Hungarian Office

4/20/16

Colliers International Hungary is pleased to announce, that Tamás Steinfeld has joined the Valuation & Advisory Services Team as new Associate Director, while Leonhard Boom has been assigned to the position of Associate Director and Head of Landlord Representation of the Office Agency Team.

“Longer Friday-Saturday trading remain”

4/18/16

On 11th April, the Hungarian government announced their proposal for parliament to abolish the standing law regarding Sunday closing for retail units. The proposal has already passed through voting in the Parliament on 12th April, theoretically allowing stores to open from Sunday, 17 April 2016.

IMMOFINANZ and CA Immo announce the commencement of a process to combine the two companies

4/18/16

Earlier today, IMMOFINANZ AG (“IMMOFINANZ”) announced that it has entered into an agreement to acquire 25,690,167 ordinary shares that represent ca. 26% of the outstanding share capital and voting rights in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from O1 Group Limited and Terim Limited.

IMMOFINANZ announces the acquisition of 25,690,163 bearer shares and 4 registered shares in CA Immobilien Anlagen AG

4/18/16

IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus). The transaction is subject to conditions precedent, in particular merger control clearance in Austria, Germany and other jurisdictions as well as approval by the supervisory board of IMMOFINANZ AG and approval of the management board of CA Immo for the transfer of the registered shares.

Delivered Before Deadline

4/15/16

DVM group was entrusted with the general construction of a 380 sq m office space by Schmidt Management for one of its clients. The integrated building services provider carried out the construction works according to high technical standards.

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Harkácsi István

+36 30 644 7655


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