The completion of the largest Hungarian retail portfolio transaction in 2017 happened on the last day of the first half year. TREI Real Estate, the property estate arm of the German Tengelmann Group, successfully sold a portfolio of 40 Spar leased supermarkets to Erste Asset Management.
Colliers International Hungary is pleased to announce that Michael Smithing has returned to the Office Agency Team as Director of Landlord Representation, effective immediately.
Hong Kong (Central) and London’s West End topped the list of prime office occupancy costs again, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. Annual prime office occupancy costs total US$197 per sq. m. in Budapest CBD.
Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction on a speculative basis of the 5,000 sq m, A+ category, LEED Platinum pre-certified Ecodome office building located in the heart of Buda.
M7 Real Estate has increased its penetration in the Hungarian market through the acquisition of seven light industrial assets across the country.
M7 Real Estate has increased its penetration in the Hungarian market through the acquisition of seven light industrial assets across the country.
JLL’s office group has received the exclusive leasing mandate of Exchange Palace which is one of Budapest’s most prominent office building projects at the moment.
The construction of a new Class A office building was announced in Debrecen. The 22,000 sq m office building will be constructed using the latest technical and eco-friendly solutions, and it will be the largest office building in Eastern Hungary. The building, set to be completed in the 3rd quarter of 2018, is designed by Bord Architect Studio; office leasing, green certification and project consultation will be provided by the Hungarian office of Colliers International.
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