News, analysis and lease transactions from the Hungarian office market
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports the Q2 2015 office market analysis.
As supply constraints intensify in the City of London office market, and occupier activity remains robust, rental growth is forecast to reach 12% in 2015, according to global real estate adviser Cushman & Wakefield’s European Office Forecast 2015-2017 report.
CBRE Group unveiled Blueprint, an online magazine dedicated to telling timely and insightful stories about the transformational role real estate plays in the world. “Blueprint is an opportunity to share the impact of real estate with the broad business community and across our industry, by leveraging the deep institutional knowledge and intellectual capital that lives inside CBRE,” said Mike Lafitte, CBRE’s chief operating officer.
London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.
Iconic building, innovative developments, spacious areas, flexible floor plan and high-quality services providing to the needs of tenants - these are some of the reasons why Dorottya Udvar, one of the most dominant office buildings of South-Buda, is attractive to the both newcomers and existing tenants.
Europa Capital and ConvergenCE have recently closed the acquisition of a circa 30,000 sq. metre office portfolio and have already leased 600 sq. metres to Kelly Services Inc., the workforce solutions provider, in a successful cooperation with CE LAND Holding Ltd., the asset manager of the previous owner, VB Real Estate Services GmbH.
The D. E. Master Blenders 1753 (formerly known as Douwe Egberts) has signed a lease contract for 877 sq m in Alkotás Point office building with the assistance of CBRE. The tenant was introduced by Property Support.
Colliers International Group Inc (Nasdaq:CIGI) (TSX:CIG) announced last week the appointment of Jay S. Hennick as Chairman and Chief Executive Officer and Dylan Taylor as President and Chief Operating Officer. These appointments follow the resignation of current CEO Douglas Frye.
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