News, interviews and testimonials from the office market
From October 2016, a new service has been available for the occupiers of CityZen and Kalvin Square office buildings. Separate men's and ladies' changing rooms and showers have been installed to provide the opportunity for employees to refresh themselves after a busy day or sport.
Tibor Gasser, partner, co-founder of Gamma Properties is cautiously optimistic about the near future of the domestic office market. The company is getting more and more successful – on its own way, driven by owner’s approach. We have discussed about market, oversupply, rental fees and limits of vacancy rates.
New Work Serviced Offices recently finalized one of the most remarkable market transactions on December 6 - just a few hours after business meeting has began. The prestigious Lapland based company deals with logistics, package sending and charitable activities. Its subsidiary signed for a significant office space area at Anker Business Center operated by New Work Serviced Offices.
During the Q1-Q3 2016 period the total commercial real estate investment transaction volume reached some €1.5 billion in Hungary, nearly double the 2015 total volume, a testimony to the sharp liquidity increase – according to JLL Hungary’s latest statistics.
JLL has been awarded the „Investment deal of the year 2016” by Portfolio.hu during the annual Property Investment Forum real estate conference. This is the third consecutive year that JLL receives the coveted award.
Katalin Sermer, Country Manager of S IMMO Hungary – recently celebrating its 15th anniversary –, says that Budapest has become an investment market again, and the economic recovery seems to be continuing. The company has been prospering well and has made gains for the third consecutive year of success, but not by chance – she added. They were thinking ahead during the crisis, and continuously carried out important developments.
GLL acquired the multipurpose heritage building that combines retail-, office- and service functions on 13,750 sqm at Vörösmarty Square, the most prominent downtown location of Budapest. The Seller of the recently completed UNESCO World Heritage listed premium asset is the Hungarian development company behind the building’s complete rejuvenation and successful leasing: Horizon Development.
Millennials are at the forefront of using technology and it is reshaping the way they shop. However, contrary to expectations, 70% of Millennials prefer to shop in a store instead of online and this is unlikely to dramatically change in the future, according to new research from CBRE, the global property advisor.
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