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Number of visitors to IMMOFINANZ’s STOP SHOP and VIVO! retail properties rises substantially to over 142 million

IMMOFINANZ recorded strong growth in the number of visitors to its retail properties in 2018: More than 142 million customers visited the STOP SHOP retail parks and VIVO! shopping centers with over 800,000 sqm of rentable space. That represents an increase of roughly 20 million visitors, or 16.7%, over the previous year.

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Green Court launched by CODIC creating a focal point for inner Váci Corridor

Budapest, January 23, 2019 – Codic International, the Brussels-based developer, announced that construction has commenced on the office component of Green Court, their latest mixed-use development to be realized in partnership with the Hungarian Pesti Házak and the Austrian Venta Group. The project is located in Budapest on Dózsa György út, the new focus point of the inner Váci corridor. The development incorporates Green Court Office, a 21,000 sqm GLA premium office development, and Green Court Residences, comprising two residential buildings with 275 apartments. The apartments will be occupied by the end of this year, and the office project is scheduled to be handed over in 2020 Q4. Colliers International and Jones Lang LaSalle have been appointed co-exclusive leasing agents for the office development.

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New promotions at JLL’s leasing department

JLL Hungary’s leasing division has strated the new year with new promotions, from this January Krisztina DeákMajor is the head of landlord representation.

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IMMOFINANZ increases occupancy rate to record level of 96 per cent

IMMOFINANZ’s portfolio concentration on office and retail properties and the clear brand policy are producing sustainable success: The occupancy rate in the standing investment portfolio continued to improve in 2018 and, at 95.8%*, reached a new record level in the company’s history.

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The new headquarters of Raiffeisen Bank will be realised with the assistance of DVM group

The project management division of DVM group won the tender for the full technical tenant representation of Raiffeisen Bank and the technical supervision of the bank’s new HQ offices at Agora Budapest. At the beginning of next year, Raiffeisen Bank will move over 1300 of its employees from two current locations to the first building of the new city center of the Váci Office Corridor, developed by HB Reavis.

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CBRE: It is a very good time to be a landlord

Mr. David M. Johnston MRICS, Senior Director, Head of Advisory and Transaction Services at CBRE Hungary says that market is enjoying one its strongest spells ever. What are the consequences? Rents are increasing and incentives are shortening. We also discussed changing occupiers’ needs and why the 76th place on Mercer’s Quality of Living list is a good one.

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New Work: from now on New Work will play in the European league - at least one new Center each month in 2019

Mr. Hubert Abt managing director of New Work Offices zrt says that Budapest remains the most important market for now, but Poland will take over this role by the end of the year. We also discussed rising fees, tenants’ needs and why good design can not be calculated by ROI.

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Date Business Center Tenant m2 Agency
2019 Q2 East-West Business Center Fehér Győrky Neszmélyi Ügyvédi Iroda 554 Property Solution Group
2019 Q1 Minelake Irodaház Uzin-Utz Magyarország Kft 99 Minelake Kft
2019 Q1 Hermina Business Towers Munkaerő Mester Kft. 463 Property Solution Group
2019 Q1 EMKE irodaház OTP Fáy András Alapítvány 625 Property Solution Group

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Best of 2019

  • Largest Rental:

    Advance Tower - JLL, with 3000m2 rented space

  • Most Active Office Building:

    Advance Tower, 1 db rentals, with 3000m2 rented space

  • Most Active Agency:

    JLL, 1 transactions, transactions total space: 3000 m2

Best of 2018

  • Largest Rental:

    Evosoft - WING Zrt, with 20400m2 rented space

  • Most Active Office Building:

    Evosoft, 1 db rentals, with 20400m2 rented space

  • Most Active Agency:

    WING Zrt, 1 transactions, transactions total space: 20400 m2

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