RSS Mon, 24 Sep 2018 15:24:21 +0200 Mon, 24 Sep 2018 15:24:21 +0200 https://www.officerentinfo.hu/article/officemarket-news/knight-frank-announces-new-office-in-budapest 11401 Mon, 24 Sep 2018 15:24:21 +0200 Knight Frank formally opened a dedicated office in Budapest, becoming a fully branded Knight Frank business from September 20th 2018. https://www.officerentinfo.hu/article/officemarket-news/hungarian-real-estate-investments-continue-in-a-steady-manner 11393 Mon, 24 Sep 2018 09:00:21 +0200 With investor appetite for newly-built offices remaining competitive there is also a continuous demand coming from investors seeking older, yet sustainably rentable offices with high occupancy – these refurbished offices remain attractive for the active funds in Budapest https://www.officerentinfo.hu/article/officemarket-news/due-to-record-performance-cpi-property-group-is-still-the-regions-dominant-real-estate-company 11371 Thu, 13 Sep 2018 12:44:57 +0200 CPI Property Group, achieving significant results worldwide in the first half of 2018, has retained its dominant position in the Czech Republic, Berlin and the Central and Eastern European region. https://www.officerentinfo.hu/article/officemarket-news/eventful-summer-at-eiffel-square-office-building 11353 Fri, 07 Sep 2018 15:46:26 +0200 Life hasn’t stopped at Eiffel Square during this summer. The past few years Eiffel Square has become a popular community area in the city center, due to continuous revival and activities provided by the Eiffel Square Office Building and its property manager, ConvergenCE. https://www.officerentinfo.hu/article/officemarket-news/electrolux-finds-competitive-advantage-in-promenade-gardens 11342 Tue, 04 Sep 2018 13:40:41 +0200 Market leading professional and household appliances company Electrolux set up its new 1,730 sqm Hungarian headquarters this month in Promenade Gardens, the most technically advanced office building recently completed on the Váci office corridor of Budapest. https://www.officerentinfo.hu/article/officemarket-news/immofinanz-with-stronger-earning-power-results-of-operations-more-than-tripled-in-half-year-ffo1-rises-by-74 11332 Thu, 30 Aug 2018 13:44:53 +0200 Results of the Q1-2 2018 in HUNGARY as of 30 June 2018 https://www.officerentinfo.hu/article/officemarket-news/further-rental-growth-on-the-office-market-is-expected 11326 Tue, 28 Aug 2018 14:00:52 +0200 A strong increase in new supply is expected in the upcoming two years, however, most submarkets will still face rental growth in 2018. Sustained rental growth for Class A properties across all submarkets - except the Periphery - is forecasted. https://www.officerentinfo.hu/article/officemarket-news/investment-flows-into-the-cee-6-region-rose-4-yoy-in-h1-2018 11316 Tue, 14 Aug 2018 09:46:39 +0200 Polish volumes were the drivers of the momentum in the first half of the year. Slovakia saw a rebound in deals whilst Hungary and Czechia saw much slower flow than a year ago, reveals Colliers International, the global industry-leading real estate services company, in its latest 2018 mid-year CEE Investment Scene. https://www.officerentinfo.hu/article/officemarket-news/wing-morgan-stanley-and-cc-real-sell-office-retail-complex-mom-park-to-local-real-estate-fund 11313 Mon, 13 Aug 2018 11:03:14 +0200 MOM Park, a 50,000 sqm prime shopping mall and office property in the affluent central Buda location in Budapest was sold by a consortium of a fund managed by Morgan Stanley Real Estate Investing, Hungarian developer and investor WING and Austrian shopping center specialist CC Real to OTP Real Estate Investment Fund. https://www.officerentinfo.hu/article/officemarket-news/colliers-international-consolidates-its-operations-in-czech-republic-with-threesixty-and-names-tewfik-sabongui-as-managing-partner 11304 Fri, 10 Aug 2018 12:06:50 +0200 Colliers International announced today it has agreed to consolidate its business in the Czech Republic with the THREESIXTY Agency, bringing to Colliers their extensive pipeline of deals, relationships and successful track record. https://www.officerentinfo.hu/article/officemarket-news/erste-real-estate-fund-acquires-promenade-gardens 11299 Fri, 03 Aug 2018 09:47:04 +0200 Promenade Gardens – the most technically advanced office building recently completed on the Váci corridor – changed owners on 1 August 2018, when ERSTE Real Estate Fund purchased the 97% leased property from the developer, Budapest-based Horizon Development. The new, sought-after, dual certified sustainable asset of 25.000 sqm has already been chosen by a prestigious line of international tenants such as Celanese and Citibank, with more signed deals to be revealed soon. https://www.officerentinfo.hu/article/officemarket-news/how-to-solve-the-cee-labour-force-riddle 11296 Thu, 02 Aug 2018 08:22:21 +0200 Very low unemployment, dynamic growth, emigration and the fast development of the service sector have created acute labour shortages in the CEE-6 region suggests Colliers International, global industry-leading real estate services company, in its latest research report “CEE Labour Force Riddle”. https://www.officerentinfo.hu/article/officemarket-news/immofinanz-rents-more-than-14-000-sqm-of-office-space-in-budapest 11291 Wed, 01 Aug 2018 08:50:38 +0200 IMMOFINANZ, one of the leading players in the Hungarian office market, has signed various lease agreements in the first half of 2018 accounting for more than 14,000 sqm of its Hungarian portfolio. This is equivalent to 9% of its current overall leasable office space in Budapest. Of this figure, new and expanded leases sum up to 5,800 sqm and prolongations account for more than 9,000 sqm. https://www.officerentinfo.hu/article/officemarket-news/robust-leasing-activity-h1-2018-in-budapest-office-market 11278 Tue, 24 Jul 2018 09:28:52 +0200 The leasing activity in the Budapest office market remained strong with more than 253,000 sq m office space leased in the first half of 2018. In total, commercial real estate agencies were involved in 173,000 sq m of office leasing transactions, from which CBRE completed the largest amount of transactions, 42,245 sq m equating to 24.4% market share in the Agents market. https://www.officerentinfo.hu/article/officemarket-news/private-hospital-moves-into-buda-center 11274 Thu, 19 Jul 2018 11:44:43 +0200 S IMMO’s Buda Center office building became multifunctional by welcoming Emineo Private Hospital. Hungary’s first musculoskeletal surgery centre was established on more than 1,300 sqm, providing high quality inpatient and outpatient care. With this lease, Buda Center is now fully let. https://www.officerentinfo.hu/article/officemarket-news/the-budapest-research-forum-hereby-reports-its-q2-2018-office-market-summary 11255 Thu, 12 Jul 2018 10:27:15 +0200 The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2018 office market summary https://www.officerentinfo.hu/article/officemarket-news/efficient-consultancy-background-strong-landlord-trust-at-jll 11238 Wed, 04 Jul 2018 10:18:32 +0200 Over the past year, Office Group of JLL Hungary doubled the number of its office leasing assignments, currently representing 276,000 square meters of office space as an exclusive or co-exclusive agency. Since 2014 the firm participated in nearly 260,000 square meters of transaction acting as one of the Hungarian market's leading real estate consultancy. https://www.officerentinfo.hu/article/officemarket-news/jll-has-provided-tenant-representation-for-evosoft-hungary-kft 11236 Tue, 03 Jul 2018 10:58:30 +0200 With the help of JLL Hungary's tenant representation services, evosoft Hungary Kft., owned by Siemens, moves to an office of more than 20,000 square meters. The headquarters is expected to be delivered in January 2021 developed by WING Zrt. https://www.officerentinfo.hu/article/interviews/gtc-we-remain-in-the-13th-district 11234 Mon, 02 Jul 2018 14:44:51 +0200 The 20 € rent fee is unrealistic, but the current economic cycle will continue in the next two years – says Mr. Robert Snow, chairman of the GTC Hungary Real Estate Development Ltd. https://www.officerentinfo.hu/article/officemarket-news/wing-acquires-infopark-d-office-building 11226 Tue, 26 Jun 2018 14:52:29 +0200 Hungary’s leading real estate company, WING, through one of its investment funds, has acquired Infopark D Office Building, an outstanding, award winning office building in the South-Buda area. The transaction was financed by HypoNoe Bank AG.