RSS Wed, 14 Nov 2018 13:08:28 +0100 Wed, 14 Nov 2018 13:08:28 +0100 https://www.officerentinfo.hu/article/officemarket-news/immofinanz-expands-stop-shop-portfolio-to-80-locations-with-eight-new-acquisitions 11596 Wed, 14 Nov 2018 13:08:28 +0100 IMMOFINANZ is driving the expansion of its successful STOP SHOP retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately EUR 90.5 million. The newly acquired properties are fully rented and generate annual rental income of roughly EUR 7.2 million, which represents a gross return of 8.0% https://www.officerentinfo.hu/article/officemarket-news/new-success-of-estons-tenant-representation-team-hortonworks-has-recently-extended-their-office-lease-in-central-udvar-office-building-in-budapest 11587 Mon, 12 Nov 2018 12:01:50 +0100 The American owned HortonWorks has recently extended their office lease in the CBD in Central Udvar. The tenant representation team of ESTON International supported the California based data software developer company from Santa Clara. https://www.officerentinfo.hu/article/officemarket-news/global-investment-volume-rises-driven-by-robust-us-market 11582 Fri, 09 Nov 2018 11:50:48 +0100 According to the latest data of CBRE the leading property advisor the global investment volume increased 3.6% year-to-date (YTD), compared to the same period last year, with Q3 up by 1.2% (in fixed exchange rates). https://www.officerentinfo.hu/article/officemarket-news/dvm-group-to-construct-a-new-hotel-for-b-l-gruppe-in-budapest-at-keleti-railway-station 11577 Thu, 08 Nov 2018 09:24:53 +0100 DVM group signed a contract with German developer B&L group to build a hotel at Baross square, Budapest. The new player on the Hungarian market entrusted DVM group with the construction planning and the construction works of their hotel project in Budapest. This mandate is one of the largest instructions DVM group has won on the Hungarian market to date. Planning and preparations already started early November. https://www.officerentinfo.hu/article/officemarket-news/invitel-zrt-completes-tenant-portfolio-in-cityzen 11576 Wed, 07 Nov 2018 12:49:45 +0100 CityZen office building has reached full capacity after leading Hungarian telcom provider Invitel Távközlési Zrt. moved to the building. Invitel, a company recently purchased by DIGI Group, decided to move its Headquarters from Budaörs to the A+ category CityZen office building on Váci út. https://www.officerentinfo.hu/article/officemarket-news/qualifying-with-rics-ensures-the-highest-standards-in-the-real-estate-industry 11541 Fri, 26 Oct 2018 10:54:05 +0200 RICS is considered the world’s preeminent qualification and standard-setting body for land, property and construction, with more than 125 000 members practicing in more than 146 countries over the world https://www.officerentinfo.hu/article/officemarket-news/tenant-representation-by-jll-got-the-first-position-again 11506 Wed, 17 Oct 2018 11:35:13 +0200 According to the registered leasing activity during the third quarter, between January and September of 2018 JLL's tenant representation services have finished first place in the real estate advisors' ranking with a total of 36,143 sq m leased office space in Budapest. https://www.officerentinfo.hu/article/officemarket-news/the-budapest-research-forum-hereby-reports-its-q3-2018-office-market-summary 11504 Wed, 17 Oct 2018 09:46:41 +0200 The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q3 2018 office market summary. https://www.officerentinfo.hu/article/officemarket-news/jll-advises-on-the-disposal-of-k6-skyscanners-office-building-in-budapest 11483 Fri, 12 Oct 2018 12:15:04 +0200 JLL has advised the Seller on the disposal of the K6 office building located in Budapest. https://www.officerentinfo.hu/article/officemarket-news/trends-in-global-real-estate-investment 11474 Thu, 11 Oct 2018 14:18:36 +0200 Short and long-term European rates are expected to be benign for the foreseeable future limiting any negative impact on property markets, despite news of the recent bond sell-off in the US which could signify an end to the very low interest rate environment that has dominated the current property cycle https://www.officerentinfo.hu/article/interviews/we-are-on-a-constantly-growing-track 11467 Wed, 10 Oct 2018 12:54:47 +0200 According to Viktor Nagy, country manager of IMMOFINANZ Hungary, the office market is not growing indefinitely, but with a sophisticated service palette, an office-building operator can be successful in the long term. We talked about rent levels, myhive and the overall market. https://www.officerentinfo.hu/article/interviews/growth-is-important-but-we-also-have-to-make-profit 11449 Fri, 05 Oct 2018 09:56:05 +0200 Mr. Hubert Abt managing director of Property Systems says, that the one who constantly is concerned about how long the business is going, shouldn’t start an enterprise. We also discussed the limits of growth, the transformation from Ltd. to a listed company and what makes design passionate. The starting point of the conversation is that a new center of NEW WORK Offices just opened, which is also the company's first location at Buda side. 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.