RSS Wed, 24 Apr 2019 15:33:20 +0200 Wed, 24 Apr 2019 15:33:20 +0200 https://www.officerentinfo.hu/article/officemarket-news/wing-is-building-a-new-community-residential-park-in-the-13th-district-next-to-lehel-ter 12268 Wed, 24 Apr 2019 15:33:20 +0200 WING Zrt.’s launching its third residential investment, Park West residential park, in the heart of the 13th district, next to Lehel tér, under LIVING, the Company’s umbrella brand of residential properties. https://www.officerentinfo.hu/article/officemarket-news/the-budapest-research-forum-hereby-reports-its-q1-2019-office-market-summary 12243 Thu, 18 Apr 2019 10:58:30 +0200 The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q1 2019 office market summary. https://www.officerentinfo.hu/article/officemarket-news/fy-2018-in-hungary-as-of-31-december-2018 12205 Thu, 11 Apr 2019 11:51:33 +0200 FY 2018 in HUNGARY as of 31 December 2018 https://www.officerentinfo.hu/article/officemarket-news/atenor-starts-a-new-office-development-project-in-buda 12136 Wed, 27 Mar 2019 12:40:56 +0100 ATENOR has signed an agreement, relating to the acquisition of more plots in the 3rd district of Budapest, Becsi street 68-80, totalling an area of approximatively 5,000 m². https://www.officerentinfo.hu/article/officemarket-news/new-software-development-centre-in-budapest 12127 Tue, 26 Mar 2019 11:58:15 +0100 The foundation stone of the future headquarters of evosoft Hungary Kft., one of the largest software houses in Hungary belonging to the Siemens Group, has been laid with all due ceremony, with the participation of Ádám Szigeti, Deputy Secretary of State for Innovation, Roland Busch, Chief Technology Officer and Chief Operating Officer of Siemens AG, and Noah Steinberg, Chairman and CEO of WING Zrt., the developer of the building. https://www.officerentinfo.hu/article/officemarket-news/convergence-acquires-arpad-center-office-building-in-budapest 12118 Mon, 25 Mar 2019 10:45:23 +0100 The boutique investor, asset and property manager ConvergenCE has closed the acquisition of the Árpád Center office building in Budapest. The multi-let office building totals 5,400 m2 with 63 parking spaces and is located at the foot of the Árpád Bridge in a strongly developing office hub. This is the third in-house investment by ConvergenCE. https://www.officerentinfo.hu/article/interviews/cbre-it-is-a-very-good-time-to-be-a-landlord 12079 Tue, 19 Mar 2019 08:37:54 +0100 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. https://www.officerentinfo.hu/article/officemarket-news/number-of-visitors-to-immofinanzs-stop-shop-and-vivo-retail-properties-rises-substantially-to-over-142-million 12055 Tue, 12 Mar 2019 14:23:29 +0100 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. https://www.officerentinfo.hu/article/officemarket-news/green-court-launched-by-codic-creating-a-focal-point-for-inner-vaci-corridor-1 12054 Tue, 12 Mar 2019 12:47:03 +0100 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. https://www.officerentinfo.hu/article/officemarket-news/new-promotions-at-jlls-leasing-department 12035 Wed, 06 Mar 2019 14:51:02 +0100 JLL Hungary’s leasing division has strated the new year with new promotions, from this January Krisztina DeákMajor is the head of landlord representation. https://www.officerentinfo.hu/article/officemarket-news/immofinanz-increases-occupancy-rate-to-record-level-of-96-per-cent 12025 Mon, 04 Mar 2019 13:36:58 +0100 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. https://www.officerentinfo.hu/article/officemarket-news/the-new-headquarters-of-raiffeisen-bank-will-be-realised-with-the-assistance-of-dvm-group 11955 Thu, 14 Feb 2019 12:23:00 +0100 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. https://www.officerentinfo.hu/article/officemarket-news/present-and-future-of-the-south-buda-office-market 11946 Wed, 13 Feb 2019 14:56:54 +0100 The position of the South Buda office market has drastically changed over 2018. Thousands of office areas were vacated during the year, while the submarket had the lowest vacancy rate at the beginning of the year. South Buda is facing new challenges. The new developments arriving in 2019 are going to create a more diverse situation. https://www.officerentinfo.hu/article/interviews/new-work-from-now-on-new-work-will-play-in-the-european-league-at-least-one-new-center-each-month-in-2019 11934 Mon, 11 Feb 2019 12:25:57 +0100 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. https://www.officerentinfo.hu/article/officemarket-news/this-spring-lindt-opens-its-new-retail-store-in-budapest 11929 Fri, 08 Feb 2019 15:36:27 +0100 Last spring JLL's retail leasing department has already announced that the Swiss premium quality Lindt chocolate brand is planning to open its first self-operated retail store in the country. As a result of a thorough market research, JLL's advisers have found the ideal Buda location on the ground floor of Allee Shopping Center. https://www.officerentinfo.hu/article/officemarket-news/atenor-dynamically-expands-its-developments-advance-at-a-fast-pace 11928 Fri, 08 Feb 2019 11:39:26 +0100 Atenor opened its brand new, super modern, showroom inclusive 760 m2 office in Váci Greens D, thus duplicating its previous size. https://www.officerentinfo.hu/article/officemarket-news/szervita-square-building-pre-leased-by-spaces-financed-by-unicredit-bank-hungary 11864 Mon, 28 Jan 2019 10:24:45 +0100 Year-end of 2018 brought two major developments for Szervita Square Building, a LEED Platinum certified, sustainable multi-purpose commercial and luxury residential property to be handed over in 2020 by Budapest-based Horizon Development. https://www.officerentinfo.hu/article/officemarket-news/cbre-market-leader-budapest-office-market-2018 11858 Thu, 24 Jan 2019 15:30:48 +0100 In 2018 CBRE transacted the largest amount of office space in Budapest, equating to nearly 105,000 sq m – the first time an Agency has ever exceeded 100,000 sq m within a year in Hungary. https://www.officerentinfo.hu/article/officemarket-news/successful-year-end-unbroken-momentum-at-jll 11852 Thu, 24 Jan 2019 14:11:18 +0100 In 2018 JLL's Hungarian office closed an outstanding year, the company contributed to the biggest sales transaction of the year, and the office leasing division also outperformed its last year's performance. https://www.officerentinfo.hu/article/officemarket-news/immofinanz-myhive-office-brand-proves-a-success-story-in-hungary-new-services-at-myhive-atrium-park 11850 Fri, 08 Feb 2019 08:11:46 +0100 Nearly two years have been passed since the opening of the first office building in Hungary under the brand myhive – IMMOFINANZ’ international office concept. Since then, the concept has already covered five Budapest office buildings of IMMOFINANZ, with a total of 113 000 sqm of leasable space and 56 tenants employing 7,500 people.