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Office Market News

Techwave Moves to CityZen Offices

5/16/17

Techwave, a leading global IT services and solutions provider has opened a Regional Development Centre in Budapest in April. The company’s new, 382 m2 headquarters are located on the 3rd floor of the A+ category CityZen Office Building. By opening a new office in Budapest, Techwave aims to accommodate rapid growth and leverage the region’s diverse high-technology talent pool.

GE Opened a Cosy Restaurant for its Employees

5/15/17

GE opened a special canteen in Váci Greens office building for its own employees. The 1100 sq m restaurant on the ground floor of building B was constructed by DVM group, and was designed to create a cosy eatery and meeting place for the leading global digital company’s personnel.

Hungary Attracts 19% of Retailers Planning To Expand Their Store Network in Europe

5/10/17

The UK has taken the top spot as the most popular destination for retailers looking to expand their store presence in EMEA in 2017. 65% of retailers cited the UK as their target market for expansion, according to the latest research from global property advisor, CBRE. 19% of retailers, however, target Hungary which is the fifth most admired market along with Spain and the Netherlands.

Leading Healthcare Company Expands in Park Atrium

5/8/17

The Hungarian affiliate of one of the leading healthcare companies of the world created its new office spaces with the help of DVM group in Park Atrium office building. The company has already been present in several blocks and levels of the building, with its new leases occupying nearly 730 square meters on the 1st floor of B2 and up to 360 square meters on the ground floor of B4. The international company entrusted DVM group with design and construction tasks, while project management was provided by the global real estate services firm Cushman & Wakefield.

New tenants in Óbuda Gate office building

5/3/17

Diófa Asset Management is delighted to announce four new tenants leasing over 3 700 sq m in the landmark office building Óbuda Gate. Diófa Asset Management representing the owner, redeveloped several parts of the 14,000 sq m GLA office building to fit tenant’s expectations and to be more competitive on the market. Two property agencies are co-exclusively working on the office buildings’ leasing strategy: Robertson Hungary.and Jones Lang LaSalle.

Offices Along Metro Lines: M3 Line at the Top, M4 Almost Totally Deserted

5/3/17

The Váci út office corridor, the central business district (CBD) and the inner quarters of Pest are the most significant office locations in Budapest. The Budapest office of CBRE, the world’s leading real estate consultant, has synchronized its office market database with the metro lines and stations to highlight the current status of the city’s office market.

New Development on the Ever so Popular South-Buda Office Market

4/28/17

Bischoff & Compagnons has commissioned CBRE exclusively with the leasing of the Alphagon office building.

WING launches Skylight CITY office building development

4/24/17

WING is transforming the Material Center building, which until now has operated as a shopping mall, into a high quality yet cost-effective office building, giving it a new lease of life both architecturally and in terms of its function. The building, which has an area of over 20,000 square metres, will be fully converted and renovated to a high standard, to be reborn as the Skylight CITY office centre. The preparatory works have already begun, and offices are already available for rental in the building.

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Harkácsi István

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