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Articles tagged real estate investment

2019 Record year for continental European Real Estate Investment, Hungarian volume fairly consistent with previous years

Commercial real estate investment volumes in Continental Europe reached a record high of €248bn in 2019, according to global real estate advisor, CBRE. This represents a 2% increase from €243bn in 2018, which was previously a record for investment volumes. Across the whole of Europe (including UK and Ireland), investment volumes totalled €315bn in 2019, down 2% from €322bn in the previous year. The small decrease in 2019 was due to a 19% decline in UK volumes reflecting investor caution in the face of ongoing political uncertainty. Even with the shrinking UK volume, 2019 was the second strongest year on record for European investment, after 2018.

Q1-Q319 Investment volumes in cee 54% above the 5-year average

Eston International. the Hungarian associate of Savills, hosted their annual commercial property conference in Budapest. The audience had the opportunity to chat about the latest trends of the sector with the hosts and speakers of the event: Adrjan Salamon, CEO of Eston International and Chriss Gillum, Head of Offices Regional Investment Advisory EMEA, Savills.

ConvergenCE acquires Árpád Center office building in Budapest

The boutique investor, asset and property manager ConvergenCE has closed the acquisition of the Árpád Center office building in Budapest. The multi-let office building totals 5,400 m2 with 63 parking spaces and is located at the foot of the Árpád Bridge in a strongly developing office hub. This is the third in-house investment by ConvergenCE.

Hungarian Real Estate Investments Continue in a Steady Manner

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

GalCap Europe acquires its second building in Budapest

GalCap Europe, a Vienna-based international investment and asset management company, acquired Central Udvar as its second property after the Merkur Palota in Budapest. The purchase was made on behalf of a separate account for a German pension scheme, administered by Institutional Investment Partners