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Office Market News

IMMOFINANZ Hungary signed lease contracts for roughly 2,800 sqm with their STOP SHOP portfolio

The entire portfolio of the STOP SHOP retail network in Hungary, operating on 136,000 square metres in 14 locations and is almost fully leased. In the first quarter of 2021, IMMOFINANZ signed new and extended existing leases for roughly 2,800 sqm.

Signature, IWG’s flagship flexible workspace brand arrives at Budapest’s iconic Szervita Square Building to meet the surge in demand for hybrid work solutions

IWG, the world’s leading provider of flexible workspace, has announced the opening of a brand-new luxury centre in the iconic Szervita Square Building, Budapest. The centre, which opened last month, is operating under the Signature brand, which provides workspaces in the most sought-after locations in the world.

Árpád Center is Fully Let

With the signing of the lease agreements between JOBGROUP and EverDerm, Árpád Center, fully managed by ConvergenCE, has reached full occupancy. The HR service company and the aesthetics salon will move in the office building near Váci út and Árpád bridge in the autumn of 2021. The fit-out works of their new rental properties are executed by the project management department of ConvergenCE.

Avison Young expands its operations in Hungary with the launch of its Office Leasing department to be headed by Péter Nagyházi.

Avison Young Hungary, established at the beginning of the year by its Principal-trio Jake Lodge, Benjamin Perez Ellischewitz and Célestin Huot-Marchand, is adding another division to its existing suite of property related services with the opening of an Office Leasing department.

Doktor24 Doubles its Size at CityZen

Doktor24 more than doubled its leased space in the CityZen office building, managed and operated by ConvergenCE.

S IMMO's Blue Cube office building received Silver certification for accessibility

S IMMO’s Blue Cube office building obtained Silver accessibility certification from Access4You.

CEE 2021 year-end investment volumes are likely to reach similar levels to 2020 according to “The CEE Investment Scene Q1 2021” just released by Colliers

According to Colliers, a leading diversified professional services and investment management firm, Western European capital, particularly German and UK funds, was most active and responsible for ca. 50% of all volumes in Q1 2021 across the CEE region.

Shaping the future of work for a post-pandemic world

As more employees return to the office, the shift toward a worker-centric model will be top of mind