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Office Market News

myhive Haller Gardens renewed – new myhive services will be launched

5/20/20

Major upgrades are coming soon to the myhive Haller Gardens office building including new services for the tenants. The goal of IMMOFINANZ’s developments planned for 2020 is to raise the standards of modern work to a higher level.

Industrial and Logistics will become the new preferred segment by investors in current times

4/23/20

Residential tops the sectors in one deal cross the CEE region but, offices (27% share) have maintained their place in the order of preference, closely followed by Industrial and Logistics (26% share) in Q1 2020.

IMMOFINANZ increases net profit by roughly 62% to EUR 352.1 million in 2019 – FFO 1 rises to EUR 137.4 million

4/22/20

IMMOFINANZ is looking back on a very successful 2019 financial year: The clear improvement of 18.1% in rental income and 30.2% in FFO 1 from the standing investment business underscore the profitable growth of the portfolio to approximately EUR 5.1 billion.

Colliers International outlines the measures taken by governments across EMEA to counteract the negative economic consequences created by the COVID-19 pandemic

4/15/20

Colliers International’ latest report “COVID-19 European Real Estate Markets Government Response” presents information on how the national governments across EMEA are supporting businesses with specific reference to commercial and residential rent/mortgage payments, business loans and grants, taxation allowances and business rates and household/individuals salaries.

Construction of Aréna Business Campus Building “A” successfully completed, met deadline

4/14/20

Developing the capital’s largest office parks, Belgian Atenor started its grandiose project, Aréna Business Campus in the spring of 2018, located on Hungária Boulevard in District VIII. The real estate developer, quoted on the stock market of Brussels, implements four ‘A+’ category, environmentally conscious, outstanding level of quality office buildings on 72,000 m2 under number 30 Hungária Boulevard

CEE Investment Volumes remain strong in Q1 but are expected to drop in Q2/Q3 according to Colliers International latest research report

4/9/20

The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of Covid-19 in CEE at the beginning of March.

The Budapest Research Forum hereby reports its Q1 2020 office market summary.

4/9/20

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q1 2020 office market summary.

Global transaction volumes falling, but occupier terms favourable

4/8/20

In less than a month, the property market disruption caused by the Covid-19 pandemic has reached almost every corner of the globe.

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