Germany is the most sought after retail market in the world with 40% of global retailers planning to open a store there in 2014, while US retailers dominate large-scale expansion plans with almost half aiming to open 40 stores or more, according to the latest research from global property advisor CBRE.
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.
According to the latest data from CBRE, the world’s largest commercial real estate services company, strong office leasing activity during 2013 was registered across Central & Eastern Europe (CEE). Nearly all of its markets saw leasing activity increasing and reaching results above the recent five year average.
CBRE announced that it was the highest-ranked commercial real estate services and investment firm in Fortune’s 2014 Most Admired Companies list. This is the fourth consecutive year that CBRE was the highest ranked commercial real estate services and investment firm. CBRE has also been named the top global brand in commercial real estate by The Lipsey Company for the 13th consecutive year.
According to the latest data from CBRE, the world’s largest commercial real estate services company, in 2013 real estate investment volume in Central & Eastern Europe (CEE) amounted to over €10 billion. It was the best result since 2008. 2013 proved to be one of the most active years in the CEE Investment Market for many years with increased investment volumes across most regional markets.
CBRE Corporate Outsourcing, a part of CBRE Group, was awarded in the CEE Outsourcing & Shared Services Awards of 2014. Barbara Huss-Kaniewska, Global Leader of GCS RE Accounting Services at CBRE, was named as Business Centre Manager of the Year - Shared Services.
CBRE is pleased to announce that the “Office Market Personality of the Year” title is awarded to a member of its team for the third time in a row: in 2013 Tim O’Sullivan, Head of Capital Markets Hungary & SEE won the prize at the 4th Iroda.hu Awards Gala.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, Jones Lang LaSalle and Robertson Hungary) hereby reports the Q4 2013 office market analysis.
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