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Articles tagged irodapiac

Office assets: five factors for success that matter to investors

In 2015, office buildings located in Central and Eastern Europe attracted a great deal of interest from investors. Projects situated in prime locations such as Warsaw, Prague, Budapest, Bucharest, and Polish regional cities have often found buyers even before construction has been completed. However, the requirements of investment funds are increasingly demanding with developers needing to create products with added value. To successfully create added value, Skanska not only builds offices but nurtures good relationships with their clients as well.

Improving Economies to Drive Falling Vacancy and Rising Rents in European Office Markets in Next Five Years

Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end of 2016 and then to continue declining over the rest of the decade, according to global real estate advisor, CBRE. In Europe’s major cities, office development is not keeping pace with growing demand driven by improving employment trends and almost all key office markets are expected to show falling vacancy rates and accelerated rental growth over the next five years.

MORGAN STANLEY – THE STARTING GUN FOR HUNGARY’S INVESTMENT MARKET?

Last week saw Morgan Stanley finally complete their purchase of the AEW portfolio in Budapest; this week has seen the formal announcement of TPG’s purchase of Trigranit – whilst ostensively a company deal, it is still one that has obvious positive implications for the Hungarian property market. But is this another false dawn – or the start of the re-emergence of Hungary as an investment destination?

London remains world’s most expensive office market

London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.

Demand boosts the Budapest office market

The growth prospects for the European economy are improving in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. Tightening supply of prime office space in Europe is causing prime rents to accelerate, according to global real estate advisor CBRE.