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Office Market News

Hong Kong streets lead global retail rents rise

8/26/13

Hong Kong is by far the world’s most expensive city for global retailers, but prime rents in New York, London, Tokyo and Zurich are on the rise, according to new research from global property advisor CBRE Group, Inc.

Public debt declines to 81.4pc of GDP by late June

8/22/13

Hungary’s gross public debt, calculated at nominal value according to the Maastricht definition, amounted to 23,250 billion forints (EUR 777bn), falling from 81.4 percent by the end of the second quarter of this year from 82.4 percent of GDP at the end of March, the National Bank of Hungary (NBH) said on Wednesday.

Hungary insurance market expands more than 5pc in H1

8/22/13

Revenue from premiums of Hungarian insurers rose 5.2 percent to 435.9 billion forints (EUR 1.46bn) in the first half from the same period a year earlier, lifted by life insurance products with one-off premiums, the Hungarian Insurers Association (MABISZ) said on Wednesday.

Gross wage growth accelerates to 3.7pc in June

8/22/13

Average gross wages in Hungary rose 3.7 percent year-on-year in June after a 2.9 percent increase in May, the Central Statistics Office (KSH) said on Thursday.

Green House approaches fully let status with MSCI

8/21/13

One more big international company voted for Green House. Hungary’s first and only LEED Platinum certified office will be home to the Hungarian headquarters of MSCI as of 1 March 2014. The global provider of investment decision support tools will occupy 3,694 sq m of office space on the fourth and sixth floors in the 13th district property.

Cybertecture Egg - an office building from Mumbai, India

8/13/13

Egg symbolizes the beginning of the life, the birth of the new: this egg-shaped building in Mumbai involves a new model of intellectual life. On the other hand it's like a flying saucer, which successfully landed on Earth to carry out its special mission. A new form of architecture, commissioned by Vijay Associates (Wadhwa Developers) and designed by James Law Cybertecture International and Ove Arup, is typified by new intangible materials of technology, multimedia, intelligence and interactivity to create an awe-inspiring landmark for the city of Mumbai and for India in the 21st Century.

The spanish funny scycraper - Torre Agbar, Barcelona

8/7/13

Only in Barcelona such kind of "funny" skyscraper could be built. The gross floor area is 50 700 m2, there are 38 floors (including 4 floors of underground parking), the height is 144 m and there are 4400 colorful windows on the tower. The building was designed by French architect Jean Nouvel in association with Spanish B720 Arquitectos.

CBRE LAUNCHES GLOBAL RESEARCH GATEWAY

8/7/13

CBRE Group, Inc. has launched the Global Research Gateway - a new online portal providing access to CBRE’s extensive real estate research, knowledge and insight across all geographies and sectors. The Global Research Gateway (www.CBRE.com/researchgateway) brings together CBRE’s collective global research intelligence onto a single platform for the first time.

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