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Office Market News

CBRE appointed as exclusive leasing agent for Millennium Gardens

1/16/17

TriGranit’s latest development, the Millennium Gardens office building is being constructed alongside the Palace of Arts and the National Theatre, on the Danube side of Soroksári road. TriGranit appointed the Hungarian office of CBRE, the world’s leading real estate advisor with the exclusive leasing of the 37,000 sqm office space expected to be completed by 2019.

New professionals joining the Investment Team at Colliers Hungary

1/10/17

Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017.

Does Good Atmosphere at Work Really Improve Performance?

1/5/17

American researchers have analyzed the effects of a good atmosphere in the workplace. They pointed out that a positive work environment reinforces the performance of employees, because informal exchanges between colleagues make it possible to acquire new knowledge.

New properties under CBRE Management

1/5/17

The Budapest office of CBRE, the world’s leading real estate advisor has won the management and leasing of the real estate portfolio of the British M7 Real Estate entering the Hungarian market.

More than €1.7 billion transacted on the Hungarian commercial real estate market in 2016 with JLL involved in almost 50% of the volumes

1/2/17

During Q4 2016 the total commercial real estate investment transaction volume reached some €270 million in Hungary, pushing the 2016 volume to above €1.7 billion, the highest annual figure since 2007– according to JLL Hungary’s latest preliminary statistics.

Skanska sells Nordic Light to Erste Funds

12/21/16

Skanska has sold Nordic Light, an office complex in Budapest, Hungary. The property has been acquired by Erste Alapkezelő Zrt, a subsidiary of Erste Asset Management GmbH. Nordic Light is the seventh office project developed by Skanska in Budapest during the 29 years the company has operated in Hungary.

IMMOFINANZ: Results of operations increased in Q1-2 2016A, net profit negatively influenced by valuation effects

12/20/16

IMMOFINANZ generated results of operations totalling EUR 87.6 million in the first two quarters of the abbreviated 2016 financial year, for an increase of 28.2% over the comparable prior year period. This growth was supported, above all, by an improvement in the results of asset management (plus 5.1% to EUR 107.3 million) following a substantial decline in the write-off of receivables in Russia and lower vacancy-related and operating costs charged to building owners as well as a reduction in other operating expenses (from EUR -53.5 million to EUR -26.1 million).

Pódium: reloaded

12/19/16

Pódium office building took a flying start. Following a technical upgrade and facelifting, S IMMO Hungary’s flagship property was reintroduced to the market at the beginning of 2016. Within twelve months the overall occupancy of the 6,000 sqm building has reached 92%.

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Harkácsi István

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