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Articles - office market

Lágymányos: new developments in Budapest’s most sought-after office market

The north western part of the South Buda office market, the Lágymányos micro-market is one of the most popular location of the past 15 years. Only 1.7% of the offices were vacant at the beginning of 2016, which is the lowest vacancy rate in Budapest.

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New Associate Directors at Colliers’ Hungarian Office

Colliers International Hungary is pleased to announce, that Tamás Steinfeld has joined the Valuation & Advisory Services Team as new Associate Director, while Leonhard Boom has been assigned to the position of Associate Director and Head of Landlord Representation of the Office Agency Team.

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IMMOFINANZ and CA Immo announce the commencement of a process to combine the two companies

Earlier today, IMMOFINANZ AG (“IMMOFINANZ”) announced that it has entered into an agreement to acquire 25,690,167 ordinary shares that represent ca. 26% of the outstanding share capital and voting rights in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from O1 Group Limited and Terim Limited.

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IMMOFINANZ announces the acquisition of 25,690,163 bearer shares and 4 registered shares in CA Immobilien Anlagen AG

IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus). The transaction is subject to conditions precedent, in particular merger control clearance in Austria, Germany and other jurisdictions as well as approval by the supervisory board of IMMOFINANZ AG and approval of the management board of CA Immo for the transfer of the registered shares.

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Developments result in tenants’ recognition

S IMMO Hungary’s office buildings have seen continuous upgrading and increasing occupancy. Most of the technical and visual renovation works finished by the end of last year. This year has already brought a number of major lease agreements. S IMMO Hungary, which has been operating on the Hungarian property market for 15 years now, put great emphasis on modernizing its properties in the last 3 years.

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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.

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New Director of Valuation at Colliers’ Hungarian Office

Colliers International Hungary is pleased to announce, that András Dallos has been promoted to the position of Director, Head of the Valuation and Advisory Services Division.

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Record year for JLL’s Tenant Representation department

In 2015 JLL’s market leader Tenant Representation department closed a record year as it took part in more than 50,000 sq m office space lettings reaching a 33% market share in the consulting market.

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