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Office Market News

Atenor is unstoppable: the newest, Váci Greens Building F has also found its tenant

12/6/18

The Hungarian insurance company, NN Biztosító, signed a 5,500 m2 office lease agreement in the next building of Váci Greens, Building F, which is still under construction. The construction of the 24,300 m2 Váci Greens F is in full swing and according to plans, with its first tenant moving in June 2020.

Immofinanz financial result

11/29/18

Results of the Q1-3 2018 in HUNGARY as of 30 September 2018

New LEED Platinum office building in Budapest

11/28/18

GTC’s latest development, GTC White House has achieved the highest, Platinum Certification level under the LEED for Building Design and Construction rating scheme.

Another major WING Zrt. development project in Budapest

11/26/18

WING Zrt has begun preparations for the construction of another major office building in one of Budapest’s most dynamically developing districts, right next door to the recently inaugurated Telekom headquarters. With a total floor space of 40 thousand square meters, the Liberty Office Building will offer premium office and retail spaces to prospective clients

How Europe’s cities are embracing flexible space

11/22/18

As more companies of all shapes and sizes choose turn to flexible space – whether its hot-desking areas in buildings they already occupy or taking space in independently owned coworking set-ups - it's fast becoming part of modern working life and a small but increasingly significant part of Europe's office markets.

IMMOFINANZ expands STOP SHOP portfolio to 80 locations with eight new acquisitions

11/14/18

IMMOFINANZ is driving the expansion of its successful STOP SHOP retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately EUR 90.5 million. The newly acquired properties are fully rented and generate annual rental income of roughly EUR 7.2 million, which represents a gross return of 8.0%

New success of ESTON’S tenant representation team – Hortonworks has Recently extended their office lease in Central Udvar office building in Budapest

11/12/18

The American owned HortonWorks has recently extended their office lease in the CBD in Central Udvar. The tenant representation team of ESTON International supported the California based data software developer company from Santa Clara.

Global investment volume rises driven by robust us market

11/9/18

According to the latest data of CBRE the leading property advisor the global investment volume increased 3.6% year-to-date (YTD), compared to the same period last year, with Q3 up by 1.2% (in fixed exchange rates).

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