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Articles

The Budapest Research Forum hereby reports the Q3 2016 office market analysis.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises of CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports the Q3 2016 office market analysis.

Retailer demand shifts toward Budapest high-streets; shopping centre turnover continues to rise

Hungarian retail sales and turnover continue to show healthy growth, buoyed by the abolition of the Sunday closing law after barely one year in effect. Retailer demand is unbroken but remains pressed by the lack of available supply resulting in upward pressure on rents. Fashion retailers remained the most active in H1 2016, followed by the footwear and F&B segments which both expanded significantly, according to the latest Retail Market View published by CBRE.

Renewed office buildings attract tenants in Budapest

The recently renewed office buildings in the Budapest office market are being recognized by the market soon. New tenants are targeting the landmark buildings of Budapest downtown for high quality office spaces and due to their expanding business. This time the owner of East-West Business Center that is the first modern office building of Budapest, has decided to start refurbishment of their landmark property.

Futureal Group and Erste Bank sign EUR 10 million credit agreement

Futureal Group has successfully refinanced its Corvin Corner office building by signing a credit agreement with Erste Bank Hungary for EUR 10.2 million

Euromoney names CBRE Group the bestglobal real Estate advisor for the fifth consecutive year

CBRE Group, Inc. (NYSE:CBG) has been named the best global real estate advisory firm at annual Euromoney Real Estate Awards for the fifth consecutive year. Globally, CBRE was also ranked highest overall in the Sales/Leasing, Valuation and Research categories.

Park Atrium - the iconic headquarters building in Budapest is sold

Park Atrium - the iconic headquarters building leased to Deloitte, ING and Roche - was sold last week in what represents one of the most significant recent transactions for the Budapest office investment market.

Remon Vos, CTP, awarded on this year’s CIJ Europe Hall of Fame Awards

CTP celebrates success again in this year’s Best of the Best CIJ Awards Europe. The CEO of CTP Remon Vos was awarded in category the Best Leadership of the Year. CTP was also nominated in categories Best of the Best Lease of the Year with CTPark Bucharest West and Best of the Best Investment Transaction of the Year with Romanian CTPark Prologis Bucharest A1. The awards were presented at CEDEM Investment Summit 2016.

Remon Vos, CTP, awarded on this year’s CIJ Europe Hall of Fame Awards

CTP celebrates success again in this year’s Best of the Best CIJ Awards Europe. The CEO of CTP Remon Vos was awarded in category the Best Leadership of the Year. CTP was also nominated in categories Best of the Best Lease of the Year with CTPark Bucharest West and Best of the Best Investment Transaction of the Year with Romanian CTPark Prologis Bucharest A1. The awards were presented at CEDEM Investment Summit 2016.
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