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Articles - Budapest

Skanska launched its Nordic Light office project in Budapest

11/26/14

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

11/25/14

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

10/27/14

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

10/6/14

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.

RECORD TAKE-UP FOR CENTRAL EUROPEAN OFFICE MARKET

4/17/14

Take-up in the CEE region exceeded all previous levels and hit a new record high of 1.4 million sq m office space being transacted in 2013, according to Cushman & Wakefield (C&W) the world largest privately held commercial real estate services firm in their latest Central European office market update. The market report analyses Bratislava, Budapest, Prague and Warsaw where the total combined office stock equates to nearly 12 million sq m, tempered by limited new supply being released in the region (circa 436,000 sq m).

Global shopping centre development rises to 39 million square metres

4/11/14

According to the latest research from global property advisor CBRE a total of 39 million square metres of shopping centre space is under construction across the world’s major cities, representing a three million sq m increase from 2013. CBRE expects more significant developments in Budapest.

HÖGL opens flagship store on Andrássy út

3/13/14

Austrian quality shoe brand HÖGL opened its new store in Hungary on Andrássy út with the assistance of CBRE. This latest unit, located on Budapest’s prominent luxury high street is HÖGL’s largest store in the region.

Bank Centre has had an incredible 2013

2/13/14

Bank Center has had an incredible year in 2013: the occupancy rate has reached 87%, which exceeds the 78% average of the CBD speculative office market stock. Besides the premium location, this result has been achieved by a modern, environment-friendly investment of the management. After a technological upgrade in 2012 a 15% cut in energy costs has been achieved. This means that Bank Centre is one of the most efficient and best value GREEN office buildings in Budapest today.

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