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Bank Centre has had an incredible 2013

2/13/14

Bank Center has had an incredible year in 2013: the occupancy rate has reached 87%, which exceeds the 78% average of the CBD speculative office market stock. Besides the premium location, this result has been achieved by a modern, environment-friendly investment of the management. After a technological upgrade in 2012 a 15% cut in energy costs has been achieved. This means that Bank Centre is one of the most efficient and best value GREEN office buildings in Budapest today.

CBRE: Tim O’Sullivan is “The Personality of the Year” in 2013

2/10/14

CBRE is pleased to announce that the “Office Market Personality of the Year” title is awarded to a member of its team for the third time in a row: in 2013 Tim O’Sullivan, Head of Capital Markets Hungary & SEE won the prize at the 4th Iroda.hu Awards Gala.

West End Business Center and MOM Park attracts new tenants

2/8/14

West End Business Center, located in Budapest’s city center and MOM Park Shopping Center and Offices situated in the heart of Buda– both managed by AEW Europe, secured a significant amount of lease renewals with existing tenants.

Timex Headquarter in Science Park

2/4/14

The Hungarian representation of the American watch manufacturer has decided to move its headquarters in Budapest from the 3rd district to Science Park, and will occupy a new office space from Q1 2014. – said Petra Holy, Associate Director at Colliers International Office Agency.

Record property management win for Colliers International in Eastern Europe

2/4/14

Colliers International, a leading real estate management services provider, was instructed by IMMOFINANZ Group to manage eleven office and industrial properties located in Bulgaria, Hungary and Poland. The total volume of the managed portfolio exceeds 167,000 m2 of GLA.

Six reasons to relocate to Budapest

1/28/14

Although the Hungarian office investment market is currently not doing very well, it has huge potential, according to the latest research by the Round Table of Real Estate Developers prepared by Eltinga and DTZ. Companies relocating here will find highly skilled labour that is among the cheapest in Europe; the lowest cost per work unit; a regional transport hub; and a continuously growing metropolis.

RICS released its first Commercial Property Monitor for Hungary

1/28/14

RICS, the Royal Institution of Chartered Surveyors, has just released its first Commercial Property Monitor for Hungary. RICS conducts the global survey quarterly to provide a relative measure of market sentiment in commercial real estate markets globally. This is the first time RICS has produced an independent country report on commercial market trends.

2013: Outstanding year for Jones Lang LaSalle’s Tenant Representation department

1/27/14

In 2013 the international property advisory firm, Jones Lang LaSalle (JLL) represented its office occupier clients in nearly 50,000 sq m of office space transactions. This is the 6th consecutive year since 2008 in reaching the largest market share of the Tenant Representation market.

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