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Articles - Budapest

IWG plc delivers record network growth with 728 new lociations signed in H1 2026

International Workplace Group (IWG), the world’s leading platform for work with brands including Regus and Spaces, signed a record 728 new locations globally in the first half of 2026, taking its global network to more than 6,000 signed locations across more than 120 countries. The business also delivered record revenues and EBITDA during the period.

Millennium Gardens to Operate on 100% Green Electricity from 2026

– Revetas Capital and TriGranit are pleased to announce that Millennium Gardens office building has taken another significant step towards achieving its sustainability goals: from 1 January 2026, the building’s electricity consumption is fully covered by electricity generated from renewable energy sources, commonly referred to as green electricity.

CEE Real Estate Investment Rebounds Strongly in 2025 as Domestic Capital Powers a New Cycle

Central and Eastern Europe (CEE) marked a decisive turning point in 2025, moving from hesitation to execution as investment volumes surged to EUR 11.6 billion across the region’s six core markets, a 31% year-on-year increase according to latest insights from Colliers. The rebound was driven by disciplined underwriting, stabilising pricing and the return of liquidity — increasingly led by domestic and regional investors.

ZenGarden Office Building Achieves Full Occupancy

The premium ZenGarden office building in Buda, managed by Convergence, has reached another major milestone: following a series of successful leasing transactions in recent months, the property has achieved full occupancy. A combination of new leases and renewals has resulted in the building being fully let, clearly demonstrating the effectiveness of a carefully executed leasing strategy.

BRF has published Q1 2026 report on the Budapest office market

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary) hereby reports its Q1 2026 office market summary.

CEE 6 Hotel Market Snapshot: Growth, Investment and Budapest in focus

The CEE 6 hotel market delivered strong growth in 2025, with RevPAR up 8.9% year-on-year, supported by rising rates and occupancy, while investment volumes surged by 170%, led by the Czech Republic and Hungary. Prime yields compressed across key markets, and momentum is set to continue into 2026 amid improving financing conditions. Budapest stood out as a top performer, combining solid operational growth with robust investment activity and a strong development pipeline.

Resilience and value creation at the turning point of the cycle – Convergence strengthens through strategic renewal

Market uncertainty, cautious investor sentiment, and transforming office usage habits – yet Convergence has chosen renewal and deliberate development. The real estate investment and development company, presenting itself with a refreshed brand identity, is not merely reacting to challenges but actively shaping the market: it believes in the strength of resilient locations, value-creating repositioning, and long-term growth. We spoke with Mr. Csaba Zeley, Managing Director of Convergence, about the future of the Budapest office market, the role of flexibility, and the next chapter of an iconic inner-Buda office building – a successfully rethought building that has reached a transactionally relevant stage of its lifecycle.

International Workplace Group adds 1,132 new locations in 2025

International Workplace Group (IWG), the world's largest platform for work with brands including Spaces and Regus, has announced that it has signed 1,132 new centres to its network in 2025, and opened 782 new workspaces - with more new locations than in the entire first two decades of its operations.