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Office Market News

DVM group to Construct a New Hotel for B&L Gruppe in Budapest at Keleti Railway Station

DVM group signed a contract with German developer B&L group to build a hotel at Baross square, Budapest. The new player on the Hungarian market entrusted DVM group with the construction planning and the construction works of their hotel project in Budapest. This mandate is one of the largest instructions DVM group has won on the Hungarian market to date. Planning and preparations already started early November.

Invitel Zrt. completes Tenant Portfolio in CityZen

CityZen office building has reached full capacity after leading Hungarian telcom provider Invitel Távközlési Zrt. moved to the building. Invitel, a company recently purchased by DIGI Group, decided to move its Headquarters from Budaörs to the A+ category CityZen office building on Váci út.

Qualifying with RICS ensures the highest standards in the Real Estate Industry

RICS is considered the world’s preeminent qualification and standard-setting body for land, property and construction, with more than 125 000 members practicing in more than 146 countries over the world

Tenant representation by JLL got the first position again

According to the registered leasing activity during the third quarter, between January and September of 2018 JLL's tenant representation services have finished first place in the real estate advisors' ranking with a total of 36,143 sq m leased office space in Budapest.

The Budapest Research Forum hereby reports its Q3 2018 office market summary.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q3 2018 office market summary.

JLL advises on the disposal of ‘K6’ - Skyscanner’s office building in Budapest

JLL has advised the Seller on the disposal of the K6 office building located in Budapest.

Trends in global real estate investment

Short and long-term European rates are expected to be benign for the foreseeable future limiting any negative impact on property markets, despite news of the recent bond sell-off in the US which could signify an end to the very low interest rate environment that has dominated the current property cycle

Knight Frank announces new office in Budapest

Knight Frank formally opened a dedicated office in Budapest, becoming a fully branded Knight Frank business from September 20th 2018.