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Articles - irodapiac

Millennium Gardens, one of Europe’s Most Modern and Energy Efficient Buildings, with Leading ESG Development Practices Opens with Over 90% Occupancy of Phase I

The first phase of Millennium Gardens 'A+ category’ office building in Budapest, Hungary has opened its doors with an occupancy rate of over 90%.

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Europa Capital and ConvergenCE are first to commit to WiredScore certification in Hungary for the ACADEMIA office building

WiredScore, the global certification for technology in real estate, launches its WiredScore and SmartScore certifications in Hungary. The launch comes as part of a wider expansion push across Europe, which will see WiredScore present in 27 markets.

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The Budapest Research Forum (hereinafter the ‘BRF’)hereby reports its Q2 2022 office market summary.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2022 office market summary.

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Avison Young successfully mediated the disposal of two Budapest CBD architecturally significant assets on behalf of a US family office

Bathory Street 12 and Herzog Villa at Andrássy Avenue 93 are two fully leased single-tenanted office buildings enjoying prime locations within Budapest CBD.

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B+N Referencia Zrt. leased the top floor of Árpád Center

From the middle of May, B+N Referencia Zrt., the leading facility management company in Hungary, has rented nearly 600 sq m office premises at Árpád Center, operated by ConvergenCE.

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Flexible office solutions market share to grow from 4% to 30% in the foreseeable future

Mr. Hubert Abt, Founder-CEO of New Work Offices & Workcloud24 does not like to talk in circles, he prefers facts, and some of his statements are almost shocking. He says that without the changes required by ESG, the average real estate portfolio will lose 30% of its value in a few years. We talked about an impending recession, 50% vacancy rates, and the challenges facing landlords.

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Office first

According to Ms. Erika Loska, MRICS, Co-Managing Director of Knight Frank Hungary, hybrid working is a huge opportunity to retain a quality workforce, but it also has a number of drawbacks, and it is just one of the biggest changes in the office market that both tenants and landlords need to respond to. We talked about ESG, the world beyond profit and tenants' cautiousness, among other things.

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Yulia Lytvynenko: Keyword flex

According to the IWG’s country manager, tenants should do the math: the cost of serviced and coworking offices is not out of line at all. Perhaps the biggest advantage, though, is that it gives almost unlimited freedom for the tenants to focus on what really matters: their business.

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