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Office Market News

Colliers International Consolidates Its Operations In Czech Republic With THREESIXTY And Names Tewfik Sabongui As Managing Partner

8/8/18

Colliers International announced today it has agreed to consolidate its business in the Czech Republic with the THREESIXTY Agency, bringing to Colliers their extensive pipeline of deals, relationships and successful track record.

ERSTE Real Estate Fund Acquires Promenade Gardens

8/3/18

Promenade Gardens – the most technically advanced office building recently completed on the Váci corridor – changed owners on 1 August 2018, when ERSTE Real Estate Fund purchased the 97% leased property from the developer, Budapest-based Horizon Development. The new, sought-after, dual certified sustainable asset of 25.000 sqm has already been chosen by a prestigious line of international tenants such as Celanese and Citibank, with more signed deals to be revealed soon.

How to solve the CEE labour force riddle?

8/2/18

Very low unemployment, dynamic growth, emigration and the fast development of the service sector have created acute labour shortages in the CEE-6 region suggests Colliers International, global industry-leading real estate services company, in its latest research report “CEE Labour Force Riddle”.

IMMOFINANZ rents more than 14,000 sqm of office space in Budapest

8/1/18

IMMOFINANZ, one of the leading players in the Hungarian office market, has signed various lease agreements in the first half of 2018 accounting for more than 14,000 sqm of its Hungarian portfolio. This is equivalent to 9% of its current overall leasable office space in Budapest. Of this figure, new and expanded leases sum up to 5,800 sqm and prolongations account for more than 9,000 sqm.

Robust Leasing Activity H1 2018 in Budapest Office Market

7/24/18

The leasing activity in the Budapest office market remained strong with more than 253,000 sq m office space leased in the first half of 2018. In total, commercial real estate agencies were involved in 173,000 sq m of office leasing transactions, from which CBRE completed the largest amount of transactions, 42,245 sq m equating to 24.4% market share in the Agents market.

Private hospital moves into Buda Center

7/19/18

S IMMO’s Buda Center office building became multifunctional by welcoming Emineo Private Hospital. Hungary’s first musculoskeletal surgery centre was established on more than 1,300 sqm, providing high quality inpatient and outpatient care. With this lease, Buda Center is now fully let.

The Budapest Research Forum hereby reports its Q2 2018 office market summary.

7/12/18

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2018 office market summary

Efficient consultancy background, strong landlord trust at JLL

7/4/18

Over the past year, Office Group of JLL Hungary doubled the number of its office leasing assignments, currently representing 276,000 square meters of office space as an exclusive or co-exclusive agency. Since 2014 the firm participated in nearly 260,000 square meters of transaction acting as one of the Hungarian market's leading real estate consultancy.

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