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Office Market News

The Budapest Research Forum hereby reports its Q1 2019 office market summary.

4/18/19

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q1 2019 office market summary.

FY 2018 in HUNGARY as of 31 December 2018

4/11/19

FY 2018 in HUNGARY as of 31 December 2018

ATENOR starts a new office development project in Buda

3/27/19

ATENOR has signed an agreement, relating to the acquisition of more plots in the 3rd district of Budapest, Becsi street 68-80, totalling an area of approximatively 5,000 m².

New software development centre in Budapest

3/26/19

The foundation stone of the future headquarters of evosoft Hungary Kft., one of the largest software houses in Hungary belonging to the Siemens Group, has been laid with all due ceremony, with the participation of Ádám Szigeti, Deputy Secretary of State for Innovation, Roland Busch, Chief Technology Officer and Chief Operating Officer of Siemens AG, and Noah Steinberg, Chairman and CEO of WING Zrt., the developer of the building.

ConvergenCE acquires Árpád Center office building in Budapest

3/25/19

The boutique investor, asset and property manager ConvergenCE has closed the acquisition of the Árpád Center office building in Budapest. The multi-let office building totals 5,400 m2 with 63 parking spaces and is located at the foot of the Árpád Bridge in a strongly developing office hub. This is the third in-house investment by ConvergenCE.

Number of visitors to IMMOFINANZ’s STOP SHOP and VIVO! retail properties rises substantially to over 142 million

3/12/19

IMMOFINANZ recorded strong growth in the number of visitors to its retail properties in 2018: More than 142 million customers visited the STOP SHOP retail parks and VIVO! shopping centers with over 800,000 sqm of rentable space. That represents an increase of roughly 20 million visitors, or 16.7%, over the previous year.

Green Court launched by CODIC creating a focal point for inner Váci Corridor

3/12/19

Budapest, January 23, 2019 – Codic International, the Brussels-based developer, announced that construction has commenced on the office component of Green Court, their latest mixed-use development to be realized in partnership with the Hungarian Pesti Házak and the Austrian Venta Group. The project is located in Budapest on Dózsa György út, the new focus point of the inner Váci corridor. The development incorporates Green Court Office, a 21,000 sqm GLA premium office development, and Green Court Residences, comprising two residential buildings with 275 apartments. The apartments will be occupied by the end of this year, and the office project is scheduled to be handed over in 2020 Q4. Colliers International and Jones Lang LaSalle have been appointed co-exclusive leasing agents for the office development.

New promotions at JLL’s leasing department

3/6/19

JLL Hungary’s leasing division has strated the new year with new promotions, from this January Krisztina DeákMajor is the head of landlord representation.

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