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Office Market News

Offices in South Buda Welcome New Technology Companies

6/4/18

Technology companies traditionally prefer office buildings that are close to universities and other ICT companies they cooperate with. One of Budapest’s most sought-after office submarkets is South Buda where the Science Park office building welcomes its newest tenants - AVL Autokút, Flex, Hydro Extrusion Hungary and Solvo Biotechnology, renting together more than 4,300 sq meters of prime office space.

IMMOFINANZ with strong operating development in the first quarter of 2018 – cost savings take effect

5/30/18

Results of operations double to EUR 35.5 million

WING has officially handed over the new Ericsson HQ.

5/29/18

On May 29th, 2018, one of Hungary’s most modern office buildings, the Ericsson House, was officially handed over in the presence of the Prime Minister of Hungary and Ericsson’s worldwide CEO. This new building, developed by WING, features not only offices, but also one of the Swedish company’s largest European Research & Development centers.

JLL provided tenant representation for a US corporation

5/24/18

As the result of JLL's latest successful tenant representation a new Shared Service Center enters Hungary and signed a long-term office leasing agreement.

Budapest amongst the regional leaders on the hotel market

5/23/18

The CEE hotel market experienced rapid growth in the last three years both in terms of hotel performance and transaction volume due to the dynamically expanding tourism industry.

Start-up Safary, or in two days around the globe

5/17/18

A short quiz: what is common in Morgan Stanley, SAP, Prezi, Budapest Bike Maffia, OTP LAB, ELTE, Balabit and hundreds of smaller and larger companies? The answer lies within arm’s reach: the 3rd international Start-up Safary was held in Budapest this April. Just imagine: more than 3,000 participants, 311 programs including representatives from the above listed companies.

Iconic office building becomes available for lease

5/16/18

After being fully let for over 10 years, Budapest’s first office building is on the market again. With its exceptional location in the middle of Váci utca, the premier pedestrian area of Downtown Budapest, the Zászlós Office Building is a real gem and one-of-a-kind opportunity on the office market. Colliers Office Team has been exclusively appointed to lease the building which will be available for occupancy from the first quarter of 2019.

Ford is the newest tenant of Váci Greens Building D

5/2/18

Worldwide one of the largest automotive company, Ford has chosen Váci Green Building D for its European Business Service Centre business unit. The transaction was supported by CBRE as the representative of Ford Motor Company and Cushman & Wakefield as the representative of the developer Atenor.

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