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Related news

Record year for JLL’s Tenant Representation department

In 2015 JLL’s market leader Tenant Representation department closed a record year as it took part in more than 50,000 sq m office space lettings reaching a 33% market share in the consulting market.

790 million Euro transacted on the Hungarian commercial real estate market in 2015

The Hungarian commercial real estate market reached the highest volume since the peak of the market in 2007 with ca. €790 million transacted in 2015. Almost 60% of the annual volume was generated by portfolio transactions, which clearly reflects the increasing interest of investors for large platforms in an attempt to gain significant exposure to the market.

JLL advise TPG on the acquisition of TriGranit, one of the leading developer in CEE

TPG Real Estate, the real estate arm of global private investment firm TPG has closed its acquisition of TriGranit, one of the main fully integrated, real estate platforms in Central Europe. As part of the transaction, TPG acquired the platform along with a portfolio of office and retail assets located in Poland (Bonarka Shopping Centre, B4B), Hungary (Millennium City Centre Offices) and Slovakia (Lakeside Park office building, Metropolis – 47,5 ha land near Bratislava) with additional development sites in the same countries and Croatia.

Q3 preliminary volumes keep CEE on track for a record level of investment activity in 2015

International advisory company JLL presents its preliminary summary of investment transactions concluded in Q1-Q3 period of 2015 on the commercial real estate markets across Central and Eastern Europe (CEE). The summer months have again seen a hive of activity across the CEE with a preliminary transaction volume of well over €2.8 billion recorded in the third quarter.

Bluehouse Capital exits Infopark E

A significant investment transaction was recently completed in Budapest. The Hungarian office of Colliers International represented the seller, Bluehouse Capital, in the sale of Infopark E to a fund managed by Diófa Asset Management. The transaction represents the largest single asset deal in Hungary in 2015. Infopark E is the newest building within the prominent Infopark development project, located in the best performing South-Buda submarket.

Another downtown asset sold by JLL

A former music club located at 15 Sas Street in the city centre of Budapest, has been sold. The Hungarian investor was represented by the international property consultant JLL during the acquisition of the previously Italian privately owned property.

JLL represented AEW Europe in the largest commercial real estate investment transaction since the global financial crisis

International real estate services provider JLL represented AEW Europe in the disposal of their Hungarian real estate portfolio. This transaction is the largest portfolio sale in Hungary since the global financial crisis.

Jay S. Hennick Appointed Chairman & Chief Executive Officer of Colliers International Group Inc.

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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