RICS is considered the world’s preeminent qualification and standard-setting body for land, property and construction, with more than 125 000 members practicing in more than 146 countries over the world
With investor appetite for newly-built offices remaining competitive there is also a continuous demand coming from investors seeking older, yet sustainably rentable offices with high occupancy – these refurbished offices remain attractive for the active funds in Budapest
The leasing activity in the Budapest office market remained strong with more than 253,000 sq m office space leased in the first half of 2018. In total, commercial real estate agencies were involved in 173,000 sq m of office leasing transactions, from which CBRE completed the largest amount of transactions, 42,245 sq m equating to 24.4% market share in the Agents market.
Early in 2018 CBRE wins the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The Budapest office of the world’s leading real estate advisor now manages 600,000 sqm of portfolio in Hungary.
With more than 80,000 entries from +180 countries, CBRE Group, Inc.’s Urban Photographer of the Year competition’s 11th year was its largest and broadest reaching. Richard Morgan, from the United Kingdom, has been named the overall winner of the competition.
Exchange Palace the iconic former Budapest Stock Exchange building co-owned by Canadian developer Tippin Corporation and Luxembourg Optimum Fund Management, have received a final building permit and will commence reconstruction works in 2018.
GalCap Europe, a Vienna-based international investment and asset management company, acquired Central Udvar as its second property after the Merkur Palota in Budapest. The purchase was made on behalf of a separate account for a German pension scheme, administered by Institutional Investment Partners
Akadémiai Kiadó and Wolters Kluwer Ltd chose their new headquarters at the presently renewing Lokomotív Ház, which is located in the most popular office area of Újbuda. CBRE Hungary has advised them to find the best office solution. They will become the biggest tenants of the office park from this May.
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