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Office Market News

From transformer building into high category downtown Art Deco office building

One of the most unique Category “A” office buildings in downtown Budapest is to be delivered this year at Markó street 9: it used to be an electrical transformer building but has now been given a new identity. The attraction of the Art Deco building, which is under protection as a historical monument, derives from its busy inner city location, historical character and special interior design elements.

How to Make Drones a Powerful Tool for the Real Estate Market

Twenty years ago, real estate developers used to consider the aerial photographs and videos as the only possibility (beside simulations) to give them and their clients a fabulous insight about the project’s features or failures. Pricey, hard to get and hard to process, photographing and filming “from above” was done with the aid of helicopters or taller buildings in the neighbourhood.

Alphagon Office Building – A Property with People at Heart

Healthy buildings, balanced tenant mix and carefully designed office premises make Bischoff & Compagnons’ developments successful in the Central and Eastern European region. The company’s newest office development, the Alphagon Office Building is to be completed in Q2 2019.

ESTON International Zrt. Market Analysis of the First Half of 2017

There was a significant decrease in the growth of supply in the first half of 2017 compared to last year’s data, with only one new building being handed over (Graphisoft Park, 5,500 sqm).

New, exclusive medical centre opens at CityZen Offices

Doktor24, a company known for its professional private healthcare services, has opened a new, nearly 800 m2 luxury medical centre at the CityZen office building in Váci út.

€1.3 billion transacted on the Hungarian commercial real estate market between January and September 2017

During the third quarter of 2017 the total commercial real estate investment transaction volume reached some €505 million in Hungary, pushing the 2017 year-to-date volume to nearly €1.3 billion– according to JLL Hungary’s latest statistics.

A quarter of the Skylight CITY office building already taken

The building’s owner WING, and the web shop Alza.hu, have signed a leasing agreement for the long-term rental of almost 5000 m2 in Skylight CITY following its redevelopment from a shopping centre into a high-quality, cost-effective office building.

Colliers appoints new Head of Property Management in Hungary

Ágnes Szentpály has been appointed new Head of Property Management for Colliers in Hungary, per November 2 of this year.