Three Budapest office buildings of Raiffeisen Evolution (RE) recently won certifications in Gold by ÖGNI at the end of September. The Austrian Sustainable Building Council awarded REsidence 1 and 2 office buildings and Rumbach Center with the most prestigious recognition. Rudolf Riedl, managing director of RE project development Kft. summarized the recently finished process.
The office market has experienced an ongoing recovery in the recent period. This is also reflected by the results of CPI Hungary (former Ablon), as it has increased by 20% within a year the ration of the leased premises in the Business Center 91 Office Building. From the second half of the last year increasing activity on the lease market could be observed, thus time has come, in addition to extensions, for the expansion of leased premises and conclusion of new lease agreements as well.
Global property adviser DTZ is pleased to announce the appointment of Geoff Hargreave to the Business Development Director position in Hungary. Geoff has over eight years property business experience starting as an investment trainee in Manchester and moving to Kyiv where he spent more than six years in the office agency team.
Probably the smartest office solution in downtown Budapest for small and medium sized companies started its operation. Great location, flexible conditions and high quality fit-out in the heart of Budapest. It´s not only the special location but the authentic building makes Serviced Offices an ideal destination for small and midsize enterprises to find offices on flexible terms and conditions.
Average prime office rental growth is up by a quarter, at 25.2%, for energy dependent cities - a city which is driven by the energy sector (oil and gas) for economic and real estate activity - this year. This far outstrips the average of 4.5% for other established office locations according to the latest research from global property advisor CBRE, which covers 33 cities.
CBRE Hungary announced that Dávid Tóth joined its Valuation Department as of 1 November. Dávid will focus on valuation reports for banks, real estate companies, investment funds and corporate clients on a national and cross-border basis.
Ireland and Spain are close to record-breaking levels for commercial real estate (CRE) investment as buyers search for value in non-core markets. In Hungary office and industrial investment volumes are likely to increase most significantly, according to the latest research from global real estate advisor CBRE.
GAMMA Properties took over the asset management of IVG’s Hungarian portfolio from IVG Hungary on 1st October, 2014. IVG is confident that the high-level management of its portfolio is guaranteed by GAMMA Properties’ experience.
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