News, interviews and testimonials from the office market
Hungary’s central bank has signed a three-year bilateral foreign currency swap framework agreement worth 10 billion yuan (EUR 1.23 billion) with the People’s Bank of China, the National Bank of Hungary said on Monday.
State-owned energy company MVM is planning to borrow Ft 140 billion to finance the acquisition of E.ON’s gas storage and gas trade operations in Hungary, sources told Népszabadság after the EGM on Thursday.
Banks signed loan contracts with SMEs for 184 billion forints under the National Bank of Hungary’s Funding for Growth Scheme by the middle of August, a report published by the central bank on Thursday shows.
Fixed capital investments in Hungary were up 4.6% year-on-year in the second quarter, the Central Statistics Office announced, the first such increase in six years.
The international property advisor Jones Lang LaSalle (JLL) has been mandated by a global real estate investment manager as co-exclusive letting agent of their BC140 and MOM Park Tower office buildings. JLL share leasing mandate with DTZ on BC140 and with Cushman&Wakefield on MOM Park Towers.
The Board of Directors of Accor that convened on August 27, 2013, chaired by Philippe Citerne, decided to appoint Sébastien Bazin as Chairman and CEO of Accor. To take on this new role, Sébastien Bazin has ended all his duties at Colony Capital, which he had been heading since 1997. Philippe Citerne has been appointed as Vice-Chairman of Accor's Board of Directors.
North American and Middle East investors are the major drivers of increased activity in the European commercial real estate market and buyers from outside the region now account for more than a quarter of all transactions in H1 2013, according to the latest data from CBRE.
IVG Hungary closed a successful, busy summer this year. During the season, the company signed lease contracts for more than 2200 sqm in total. The prestigious OTP Mobil Szolgáltató Kft. chose RiverPark, an office building under IVG Hungary’s management, moreover IVG Hungary signed new lease contracts with CEDA Kft and Digital Apes for nearly 700 sqm of the centrally located Oktogon Ház.
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