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
Articles
News, interviews and testimonials from the office market
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.
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.
New Creative Loft Offices attract TransferWise as first tenant
A creative work process demands for a creative office solution, which is exactly what the complete, newly refurbished Buda Loft Offices could offer to TransferWise. The building opened its doors officially in July, and offers 5 floors with an approximate total of 2,500 m2 for lease. Colliers International Hungary has been appointed as exclusive leasing agents.
IMMOFINANZ: Stable operating results in Q1 2016A
The operating results recorded by IMMOFINANZ were stable in year-on-year comparison at EUR 45.3 million in the first quarter of the abbreviated 2016 financial year (Q1 2015/16: EUR 46.9 million). Rental income fell from EUR 82.2 million to EUR 76.8 million due to temporary rent reductions in Moscow and the planned sale of properties. A like-for-like analysis (i.e. after an adjustment for new acquisitions, completions and sales to achieve comparability with the fourth quarter 2015/16) shows the stable development of rental income in total during the first quarter of 2016A. The results of asset management improved by 3.9% to EUR 54.5 million based on a decline in property expenses.
