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All time high investment volume is expected this year

4/4/17

In 2017, following its international assessment CBRE has created a survey among real estate investors in Hungary asking them about their market expectations. At the traditional springtime CBRE Investment Breakfast investors turned out to be optimistic about the future. 43% of the respondents stated that the investment market might grow even by one-fifth from last year’s EUR 1.5 billion, and 23% stated that this year they might reach their highest turnover ever.

Buy-Way Dunakeszi welcomes new tenants

4/4/17

Cushman & Wakefield acting on behalf of the owner, CPI Property Group has successfully leased close to 3,500 sq m retail space in Buy-Way retail park in Dunakeszi, Hungary.

OTIS, the World’s Largest Elevator Company Moves to CityZen Offices

3/31/17

Otis Felvonó Kft., the Hungarian branch of the world’s largest elevator company, moves to CityZen Offices from the beginning of April. Hungarian market-leader OTIS, known also as a producer of escalators and moving walkways, opens its new, 870 m2 headquarters at the A+ office building completed by developer ConvergenCE at the end of 2016.

New Work: 3-5 new centers by the end of the year

3/31/17

Mr. Hubert Abt, managing director of Property Systems says that they are the fastest growing serviced Office provider in CEE and going to be market leader in Budapest soon. The plan is quite ambitious, but not impossible: the first New Work office has been opened in 2013, and they have just opened their 6th facilities. It is called A100, and perhaps this is the most elegant of all.

The occupancy rate at Váci Greens’ Building B climbed to 90%

3/30/17

An international service provider will rent a 5200 square meters large office space in building “B” at the Váci Greens office park. With the arrival of the new tenant in July, the occupancy rate of the building will be around 90%. The new large tenant of Váci Greens will move to the Váci office corridor from the city centre.

Rising Construction Costs and Lack of Skilled Labour Force Make Recovery Difficult

3/30/17

The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.

IMMOFINANZ: Innovation on the office market

3/28/17

Viktor Nagy, IMMOFINANZ Country Manager Operations Hungary gives a few pointers about ensuring that the needs of tenants and their employees are met, and exceeded.

Valuation: Risks can be avoided

3/23/17

Valuation during the sale, purchase or leasing of real estate is a complex process where the property’s market value is shaped by a number of factors. The majority of CBRE’s valuers are experts registered with RICS, a globally-recognized organization working to implement the highest professional international standards. CBRE’s staff’s professionalism paired with outstandingly high value insurance, guarantee a reliable and well-founded valuation and ensure the protection of clients.

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