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Office Market News

S IMMO sold Twin Center office building

12/5/19

S IMMO Hungary closed a major deal by selling one of its Budapest office buildings. The transaction was conducted after a longer negotiation period.

Clients demolished some hotel rooms and the management said thank you for their contribution

12/3/19

With the checkout of the last guest on the 04th November 2019 a new era has started in the story of the downtown building which in the past 20 years was known as the four-star Starlight Suiten Hotel Budapest.

Another large occupier has chosen Váci Greens: Intrum Justitia signed for 5,200 m2 office space

11/25/19

5,200 square meters office space is leased by Intrum Justitia in Building ‘F’, the newest building of the Váci Greens office campus. With the arrival of the new tenant the occupancy rate of the 25,000 m2 office building is 60%, 7 months before its handover.

KNP LAW Nagy Koppány Lencs & Partners moved to Palazzo Hunyadi

11/25/19

KNP LAW Nagy Koppány Lencs & Partners have moved into their new headquarters in Palazzo Hunyadi earlier this month. By leasing 513 sqm, Palazzo Hunyadi is 100% leased, as the Law Firm is the sole tenant of the building.

Q1-Q319 Investment volumes in cee 54% above the 5-year average

11/12/19

Eston International. the Hungarian associate of Savills, hosted their annual commercial property conference in Budapest. The audience had the opportunity to chat about the latest trends of the sector with the hosts and speakers of the event: Adrjan Salamon, CEO of Eston International and Chriss Gillum, Head of Offices Regional Investment Advisory EMEA, Savills.