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Office Market News

European Investment Booms with 25% Year on Year Increase

7/26/17

Total real estate investment in Europe reached €74bn in Q2 2017, representing a 25% increase on the same period last year, according to the report from global real estate advisor, CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.

Infogroup won Superbrands award for the third time

7/20/17

The 22-member independent board of Business Superbrands program awards this prestigious prize to the best B2B brands. Infogroup has won three times in a row.

The Budapest Research Forum hereby reports its Q2 2017 office market summary.

7/10/17

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports its Q2 2017 office market summary.

TREI Real Estate successfully exits from its Hungarian investments selling 40 Spar supermarkets to Erste Asset Management

7/10/17

The completion of the largest Hungarian retail portfolio transaction in 2017 happened on the last day of the first half year. TREI Real Estate, the property estate arm of the German Tengelmann Group, successfully sold a portfolio of 40 Spar leased supermarkets to Erste Asset Management.

Michael Smithing returns to the Hungarian office market

7/5/17

Colliers International Hungary is pleased to announce that Michael Smithing has returned to the Office Agency Team as Director of Landlord Representation, effective immediately.

Hong Kong and London’S WEST END again top prime office occupancy costs

6/30/17

Hong Kong (Central) and London’s West End topped the list of prime office occupancy costs again, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. Annual prime office occupancy costs total US$197 per sq. m. in Budapest CBD.

Ecodome office building construction kicked off

6/29/17

Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction on a speculative basis of the 5,000 sq m, A+ category, LEED Platinum pre-certified Ecodome office building located in the heart of Buda.

Cushman & Wakefield transacts 11 assets with M7

6/13/17

M7 Real Estate has increased its penetration in the Hungarian market through the acquisition of seven light industrial assets across the country.

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