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Office Market News

Cushman & Wakefield secure Media Markt at BC140 Office Building, Budapest

10/19/16

Cushman & Wakefield, exclusively representing the Landlord, a German fund, has successfully closed a long-term lease agreement with Media Markt extending to 2,888 sq m of office space and 50 parking spaces, at BC140 office building in Budapest, equating to an increase in the occupancy rate by 16% at the building.

New unique design-office in Budapest

10/18/16

The leading Hungarian commercial real estate developer WING states that its concept of minimalist office design of A66, a listed building on Andrássy street could represent a new direction in Hungary for offices staffed by young workers among whom an informal, unique but high tech office environment is the norm.

The Budapest Research Forum hereby reports the Q3 2016 office market analysis.

10/18/16

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises of CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports the Q3 2016 office market analysis.

Retailer demand shifts toward Budapest high-streets; shopping centre turnover continues to rise

10/10/16

Hungarian retail sales and turnover continue to show healthy growth, buoyed by the abolition of the Sunday closing law after barely one year in effect. Retailer demand is unbroken but remains pressed by the lack of available supply resulting in upward pressure on rents. Fashion retailers remained the most active in H1 2016, followed by the footwear and F&B segments which both expanded significantly, according to the latest Retail Market View published by CBRE.

Renewed office buildings attract tenants in Budapest

10/7/16

The recently renewed office buildings in the Budapest office market are being recognized by the market soon. New tenants are targeting the landmark buildings of Budapest downtown for high quality office spaces and due to their expanding business. This time the owner of East-West Business Center that is the first modern office building of Budapest, has decided to start refurbishment of their landmark property.

Futureal Group and Erste Bank sign EUR 10 million credit agreement

10/5/16

Futureal Group has successfully refinanced its Corvin Corner office building by signing a credit agreement with Erste Bank Hungary for EUR 10.2 million

Euromoney names CBRE Group the bestglobal real Estate advisor for the fifth consecutive year

9/29/16

CBRE Group, Inc. (NYSE:CBG) has been named the best global real estate advisory firm at annual Euromoney Real Estate Awards for the fifth consecutive year. Globally, CBRE was also ranked highest overall in the Sales/Leasing, Valuation and Research categories.

Park Atrium - the iconic headquarters building in Budapest is sold

9/29/16

Park Atrium - the iconic headquarters building leased to Deloitte, ING and Roche - was sold last week in what represents one of the most significant recent transactions for the Budapest office investment market.

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