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Office Market News

Atenor Art For Cities - a novel journey across 8 european cities by Benoit Feron photographer

Acting for cities is all about beautifying them, breathing life into them and making them attractive to those who live, work and relax in them or who are just passing through.

Green certified office space has doubled in 4 years

The 630,000 m2 of certified green office space as of 2015 year-end had increased to over 1,500,000 m2 by the end of 2019, more than doubling the amount of green office space. This represents 40% of the total modern office stock.

2019 Record year for continental European Real Estate Investment, Hungarian volume fairly consistent with previous years

Commercial real estate investment volumes in Continental Europe reached a record high of €248bn in 2019, according to global real estate advisor, CBRE. This represents a 2% increase from €243bn in 2018, which was previously a record for investment volumes. Across the whole of Europe (including UK and Ireland), investment volumes totalled €315bn in 2019, down 2% from €322bn in the previous year. The small decrease in 2019 was due to a 19% decline in UK volumes reflecting investor caution in the face of ongoing political uncertainty. Even with the shrinking UK volume, 2019 was the second strongest year on record for European investment, after 2018.

EPAM Systems is the first tenant of Forest Offices, Debrecen

Cushman & Wakefield, Hungary’s leading real estate firm advised Capstone Befektetési Alapkezelő Zrt representing, Garda Ingatlan Fejlesztő Befeketetési Alap the owner of Forest Offices, in the lease negotiations with EPAM Systems.

First building of Aréna Business Campus topped out

In December 2019, Atenor and its contractor team, Péter Építő Kft. held a topping out ceremony for Aréna Business Campus Building ‘A’ as the structural works were completed and the development is going according to plans.

Booming countryside retail market in Hungary

Cushman & Wakefield, Hungary’s leading real estate advisor contributed to the leasing of over 6,600 sq m prime retail warehouse area, and to the sales of 7,000 sq m countryside retail area in Q4 2019.

Colliers International appoints Norbert Szircsák as new Head of Green Building Advisory Services

Leading global commercial real estate services and investment management firm, Colliers International announced, that Norbert Szircsák has been appointed as Head of Green Building Advisory Services.

WING is now a major player on the Polish market

The transaction, which was concluded on 13 December, saw WING Group become the majority owner of leading Polish real estate developer Echo Investment, a company traded on the Warsaw Stock Exchange.