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Articles tagged ingatlanpiac

What works does not have to be repaired

Ms. Irma Horváth, the organization developer of Morea Training, assisted the team of NEW WORK Serviced Offices (NWSO) that, despite explosive growth - their turnover increased by 100% within one year - they could keep success factors. The task she's got is a paradox: duplicate the numbers, get new staff, but keep the company as streamlined and efficient as when there were only a team of ten. We also involved the head of NWSO, Mr. Hubert Abt to get a clear picture.

IMMOFINANZ strengthens balance sheet and posts significant improvement in net profit for the first three quarters of 2017

IMMOFINANZ posted a significant increase in net profit from continuing operations (excl. Russia) for the first three quarters of 2017, to EUR 116.3 million (Q1-3 2016: EUR -217.8 million). Rental income remained stable at EUR 174.1 million despite the ongoing sale of non-strategic properties (Q1-3 2016: EUR 174.0 million). Adjusted for new acquisitions, completions and sales (like-for-like), rental income rose significantly, by 3.9% to EUR 138.4 million. The results from Asset Management grew 11.3% to EUR 122.6 million; financial results moved strongly into positive territory at EUR 88.6 million (Q1-3 2016: EUR -143.9 million). This was primarily a result of positive valuation effects from the CA Immo and BUWOG shareholdings, and lower financing costs. Overall, net profit (incl. Russia) improved to EUR -59.1 million (Q1-3 2016: EUR -409.5 million).

One of the most important decisions I made was to move to Budapest

Mr. David M Johnston MRICS starts his new role as Senior Director, Head of Advisory and Transaction Services at CBRE Hungary. The Scottish expert is optimistic: it is inevitable that there will be over-supply in the market sooner or later, but the situation of 2009/10 will not happen again – he says. We talked about competitors, good negotiation strategy, and quality office buildings’ role keeping good staff.

European Investment Booms with 25% Year on Year Increase

Total real estate investment in Europe reached €74bn in Q2 2017, representing a 25% increase on the same period last year, according to the report from global real estate advisor, CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.

S IMMO: further potential in local market

Ms. Katalin Sermer, CEO of S IMMO Hungary Kft is quite optimistic for the future regarding Budapest office market. The company is ready for an upward period, expected developments of the last years resulted; the average occupancy rate is above 90% – she says.