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Office Market News

The CEE Investment & Green Building Awards

The annual CEE Investment & Green Building Awards Gala and Investment Summit, being held on October 30th in Warsaw at the prestigious Intercontinental Hotel, is recognized as one of the most important and valuable real estate events in Central and Eastern Europe.

The market is clearly growing – says GLL

Bence Balázs, MRICS responsible for Asset Management at GLL Real Estate Partners means that exciting products could always shop up at Budapest market, but there is no time to relax: not only other cities in the region are our competitors, as almost the entire world is competing for investors' money.

BIEF - Q2 2014 office market analysis

The Budapest Research Forum (BRF, which is comprised of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports its Q2 2014 office market analysis.

Largest Budapest office transaction of 2014

CPI Hungary, former Ablon, owned by CPI Group has successfully concluded the largest office lease transaction of the year to date with Vodafone for over 13,800 sq m in Arena Corner Office Building, in Budapest. Vodafone was represented by Cushman & Wakefield, the world’s largest privately held commercial real estate services firm.

New appointment at CBRE to build and strengthen relationships with Korean occupiers in CEE

CBRE announced that William Shim has joined the firm in an effort to build and strengthen relationships with Korean Occupiers in the Central Eastern Europe region. William joins the firm as a Senior Consultant – APAC/Central and Eastern Europe and will be an integral part of the teams in the region, reporting to Joerg Kreindl, heading up Industrial in CEE for CBRE.

Colliers and S IMMO join forces

Colliers International Hungary have won two additional exclusive mandate from the S IMMO Hungary portfolio: Podium, the uniquely fully vacant office building in the CBD submarket on the Hungarian Broadway; and Blue Cube, a recently refurbished office building on the Váci corridor, also the winner of „The office building of the year” People’s Choice Award at the 4th iroda.hu Awards Gala.

CBRE Hungary Launches Asset Services and Announces its New Head

CBRE Hungary continues to expand and strengthen its operations with the launch of its Asset Services business line. The new department is led by Zsolt Kákosy as Head of Asset Services and focuses on various fields of property management. The team has been built up since January and is now increased to over 30 professionals, managing 150,000 sq m of real estate.

DTZ in Hungary has signed the RICS codex of agency services

The initiative of RICS members resulted in the establishment of the Real Estate Agency and Brokerage Standards (REABS), which provides best practice guidance for real estate agents and brokers internationally. The agencies who endorse the 12 points of the codex ensure that clients receive objective advice, delivered in a professional manner that is consistent with internationally recognized standards.
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