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Articles - Budapest

Acting for sustainable cities: ATENOR continues its tree planting program in Budapest

The urban Belgian real estate developer ATENOR will plant 2021 trees this year as part of its societal responsibility policy, continuing last year's cooperation with Pilis Park Forestry Company.

Robust Leasing Activity H1 2018 in Budapest Office Market

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.

Skanska laid the cornerstone for its new project, Nordic Light Offices in Budapest

The cornerstone ceremony for Nordic Light, Skanska Property Hungary’s 7th office building in Budapest, was held on April 2nd. Located conveniently on inner Váci Road, Nordic Light is to become one of the most prestigious new office buildings in the capital of Hungary. CBRE was appointed as the exclusive letting agent of Nordic Light office building.

Central European Office Market Update

According to Cushman & Wakefield (C&W) the world’s largest privately held commercial real estate services firm’s latest Central European office market update, by the end of September 2014 take-up in the CEE region exceeded 1.17 million sq m compared with only 410,000 sq m of new supply being delivered to the market.

Skanska launched its Nordic Light office project in Budapest

Skanska started the construction works of its seventh office building in Budapest. Nordic Light, as it has been named, is being developed on inner Váci road, the main office corridor of Budapest. Phase I is scheduled for completion in the first quarter of 2016.

New green offices in Budapest

Three Budapest office buildings of Raiffeisen Evolution (RE) recently won certifications in Gold by ÖGNI at the end of September. The Austrian Sustainable Building Council awarded REsidence 1 and 2 office buildings and Rumbach Center with the most prestigious recognition. Rudolf Riedl, managing director of RE project development Kft. summarized the recently finished process.

Veeva Moves to Alkotás Point

Veeva Systems Inc., a leading provider of cloud-based software for the life sciences industry, signed a long-term lease for 1,300 square meters of space in the Alkotás Point office building. With this deal the building’s occupancy has increased to over 90 percent. CBRE represented the landlord during the negotiations, while Eston introduced the tenant into the building.

IMMOFINANZ lets more than 8,000 sqm office and logistics space in Budapest

IMMOFINANZ Group has signed several large lease agreements for its Hungarian office and logistic buildings for more than 8,000 sq m. All of the rentals have been concluded for a period of at least three years.
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