The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports the Q1 2015 office market analysis.
Hungary is experiencing a revival of its economic performance and real estate investment activity which follows several years of poor performance amid the wider European and global financial climate. “A guide to real estate investment in Hungary”, the new publication of JLL Hungary highlights that since 2013 numerous macro-economic indicators have improved and this has started to translate into real estate investment activity.
The Budapest Research Forum (BRF, which is comprised of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports its Q2 2014 office market analysis.
A significant transaction has been completed on the investment market in Hungary. The buyer, a German private equity investor, represented by Colliers International purchased StefániaPark office building located in the 14th district of Budapest. The seller, IVG was represented by JLL. The parties have agreed not to disclose the exact purchase price.
Large transactions in core markets push volumes up 27% from Q1 2013; FY2013 volumes expected to be bettered in 2014 Budapest, 12 May 2014 – JLL reports building momentum for retail real estate investment in Europe, after a solid start to the year, and following on from the strong volumes experienced in the second half of 2013.
Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets. Further, Belgrade offers development possibilities in a city with very limited office provision and Croatia is expected to undergo an economic upturn that could increase office demand in Zagreb.
Underscoring its global operation, scale and vision for the future, Jones Lang LaSalle (NYSE: JLL), the professional services and investment management firm specializing in real estate, has announced that it is now using the name “JLL” and introducing a refreshed logo.
In 2013 the international property advisory firm, Jones Lang LaSalle (JLL) represented its office occupier clients in nearly 50,000 sq m of office space transactions. This is the 6th consecutive year since 2008 in reaching the largest market share of the Tenant Representation market.
or write to us:
The request could not be sent. Check your connection and try again.
