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.
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.
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.
Investment into the commercial real estate (CRE) market totalled nearly €56 billion in the second quarter of 2015, up 15% on Q2 2014, according to the latest figures from global real estate advisor CBRE. Although the rate of year-on-year growth in investment activity has slowed slightly compared with Q1, it is still the highest Q2 total since 2007.
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.
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.
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