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Office Market News

Hungarian Real Estate Investments Continue in a Steady Manner

9/24/18

With investor appetite for newly-built offices remaining competitive there is also a continuous demand coming from investors seeking older, yet sustainably rentable offices with high occupancy – these refurbished offices remain attractive for the active funds in Budapest

Due to record performance CPI Property Group is still the region’s dominant real estate company

9/13/18

CPI Property Group, achieving significant results worldwide in the first half of 2018, has retained its dominant position in the Czech Republic, Berlin and the Central and Eastern European region.

Eventful summer at Eiffel Square Office Building

9/7/18

Life hasn’t stopped at Eiffel Square during this summer. The past few years Eiffel Square has become a popular community area in the city center, due to continuous revival and activities provided by the Eiffel Square Office Building and its property manager, ConvergenCE.

Electrolux finds competitive advantage in Promenade Gardens

9/4/18

Market leading professional and household appliances company Electrolux set up its new 1,730 sqm Hungarian headquarters this month in Promenade Gardens, the most technically advanced office building recently completed on the Váci office corridor of Budapest.

IMMOFINANZ with stronger earning power: results of operations more than tripled in half-year, FFO1 rises by 74%

8/30/18

Results of the Q1-2 2018 in HUNGARY as of 30 June 2018

Further rental growth on the Office Market is expected

8/28/18

A strong increase in new supply is expected in the upcoming two years, however, most submarkets will still face rental growth in 2018. Sustained rental growth for Class A properties across all submarkets - except the Periphery - is forecasted.

Investment flows into the CEE-6 region rose 4% YoY in H1 2018

8/14/18

Polish volumes were the drivers of the momentum in the first half of the year. Slovakia saw a rebound in deals whilst Hungary and Czechia saw much slower flow than a year ago, reveals Colliers International, the global industry-leading real estate services company, in its latest 2018 mid-year CEE Investment Scene.

WING, Morgan Stanley and CC Real sell office-retail complex MOM Park to local real estate fund

8/13/18

MOM Park, a 50,000 sqm prime shopping mall and office property in the affluent central Buda location in Budapest was sold by a consortium of a fund managed by Morgan Stanley Real Estate Investing, Hungarian developer and investor WING and Austrian shopping center specialist CC Real to OTP Real Estate Investment Fund.

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