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Office Market News

Management Changes at CBRE Hungary

9/4/14

CBRE today announced the appointment of Lóránt Kibédi Varga as Managing Director of CBRE Hungary. He returns to CBRE having previously headed up its Hungarian business between 2003 and 2005.

Another new tenant in the CPI's (formely known Ablon) office building at Hungária körút

9/2/14

Various organizational units of the Budapest-Capital Regional Court await the clients at an area of almost 6,000 square metres in the M3 Business Center as from August. Building ‘A’ of the office complex has been almost fully filled as a result of the agreement concluded with the Court.

Exceptional occupancy rates in the Central Business District

8/19/14

During the second quarter of the current year three new tenants joined the centrally located premium office building, and one of its current tenants expanded its lease contract. The self service restaurant on the ground floor will introduce a hybrid concept that is unique in Hungary. From now on it hosts the BADGIRLZ bar and club in the evenings while during the day it continues to operate as a high quality restaurant.

IVG has prolonged lease contract for 8000 sqm

8/13/14

One of IVG’s most significant tenants prolonged its lease contract to nearly 8000 sqm in Infopark E, D and RiverPark – offices buildings managed by IVG. IVG closed a succesful first semester: By the end of June, Infopark E office building reached 86 % and Infopark D 94% occupancy rate. Similarly, 85% of RiverPark Offices has been rented out.

Fortune 500 company and new services in Eiffel Palace

8/11/14

The exclusive and sustainable Budapest downtown office building welcomes new tenants from both the office and retail sectors, further diversifying its high-quality tenant mix and increasing the range of its in-house services from Q4 2014.

Another IT company - Fornax ICT - choses the M3 Business Center

8/4/14

Fornax ICT, a recognized company operating on a high professional level in both the domestic and international IT-sector, is the new tenant of CPI Hungary’s M3 Business Center. Fornax ICT signed the leasing agreement pertaining to the spacious up-to-date offices found in Building B of the Center on Hungária Boulevard, with the assistance of Cushman & Wakefield international real estate adviser.

Hungarian Commercial Property Investment Market – Changing Climate

7/30/14

The Hungarian investment market was perceived to be improving over the last 12 months, but Colliers International has only recently been able to report that available opportunities have converted into significant deals.

Skanska sells Green House in Budapest

7/28/14

Skanska Property Hungary has sold its internationally awarded Green House office project. The new owner of the green office building is the Hungarian open-ended property fund Torony Real Estate Investment Fund managed by Diófa Fund Management, a member of FHB Group.

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Harkácsi István

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