New lease contracts signed in the past few weeks cover an office space of all together 3000 sqm and 2500 sqm retail space at Dunacenter. In addition, contracts were renewed with several existing tenants in 2014. Recently, Hewlett-Packard has renewed its 9 500 s qm lease agreement in Bartók Ház office building, while Avon has moved into Capital Square as new tenant. In the January-October period CA IMMO has signed lease contracts for more than 51000 sqm.
The representatives of the European real estate sector have gathered for the fifth time at the gala organized by the market leader EUROBUILD Magazine in Warsaw. At the event, the region’s most successful companies, development projects and businessmen are awarded.
Skanska started the construction works of its seventh office building in Budapest. Nordic Light, as it has been named, is being developed on inner Váci road, the main office corridor of Budapest. Phase I is scheduled for completion in the first quarter of 2016.
Three Budapest office buildings of Raiffeisen Evolution (RE) recently won certifications in Gold by ÖGNI at the end of September. The Austrian Sustainable Building Council awarded REsidence 1 and 2 office buildings and Rumbach Center with the most prestigious recognition. Rudolf Riedl, managing director of RE project development Kft. summarized the recently finished process.
The office market has experienced an ongoing recovery in the recent period. This is also reflected by the results of CPI Hungary (former Ablon), as it has increased by 20% within a year the ration of the leased premises in the Business Center 91 Office Building. From the second half of the last year increasing activity on the lease market could be observed, thus time has come, in addition to extensions, for the expansion of leased premises and conclusion of new lease agreements as well.
Global property adviser DTZ is pleased to announce the appointment of Geoff Hargreave to the Business Development Director position in Hungary. Geoff has over eight years property business experience starting as an investment trainee in Manchester and moving to Kyiv where he spent more than six years in the office agency team.
Probably the smartest office solution in downtown Budapest for small and medium sized companies started its operation. Great location, flexible conditions and high quality fit-out in the heart of Budapest. It´s not only the special location but the authentic building makes Serviced Offices an ideal destination for small and midsize enterprises to find offices on flexible terms and conditions.
Average prime office rental growth is up by a quarter, at 25.2%, for energy dependent cities - a city which is driven by the energy sector (oil and gas) for economic and real estate activity - this year. This far outstrips the average of 4.5% for other established office locations according to the latest research from global property advisor CBRE, which covers 33 cities.
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