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Interviews

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.

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.

New Work: 3-5 new centers by the end of the year

Mr. Hubert Abt, managing director of Property Systems says that they are the fastest growing serviced Office provider in CEE and going to be market leader in Budapest soon. The plan is quite ambitious, but not impossible: the first New Work office has been opened in 2013, and they have just opened their 6th facilities. It is called A100, and perhaps this is the most elegant of all.

IMMOFINANZ: Innovation on the office market

Viktor Nagy, IMMOFINANZ Country Manager Operations Hungary gives a few pointers about ensuring that the needs of tenants and their employees are met, and exceeded.

House of Business: 100% Occupancy After 5 Months, Leaseable Space to be Nearly Doubled

According to Attila Fehér, managing director of House of Business, many small details set them apart from the competition. These are the constituent elements of the standard of service that tenants appreciate so much that after only a few months they are already extending their leasable space on the first floor of Roosevelt office building, located on the Pest side of the Chain Bridge, by more than 800 square metres.

Gamma Properties: Prospering good years are coming

Tibor Gasser, partner, co-founder of Gamma Properties is cautiously optimistic about the near future of the domestic office market. The company is getting more and more successful – on its own way, driven by owner’s approach. We have discussed about market, oversupply, rental fees and limits of vacancy rates.

S IMMO: 15 successful years on the market

Katalin Sermer, Country Manager of S IMMO Hungary – recently celebrating its 15th anniversary –, says that Budapest has become an investment market again, and the economic recovery seems to be continuing. The company has been prospering well and has made gains for the third consecutive year of success, but not by chance – she added. They were thinking ahead during the crisis, and continuously carried out important developments.

How to move in an office in a single day with no compromise?

Mr. Hubert Abt, managing director of Property Systems says: the impact of digitization on the working environment is clear: tenants want flexible, high-quality service, without constraints. We discussed about rapidly changing market demands, 50 pages lease contracts, concierge service and a young lady creating hats in a downtown office place.