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Office Market News

Budapest Is Among Europe’s Next Major Tech Hubs

12/19/16

CBRE has published its inaugural Understanding European Technology Clusters report, highlighting the vibrancy and rapid growth of Europe’s tech sector. The report analyses the characteristics of tech clusters and explores future opportunities among high-performing, and emerging, tech cities across Europe.

FLE continues its growth in CEE and acquires an office building in Budapest

12/19/16

FLE GmbH, a company of the LFPI group, continues its investment activity and acquires its first real property in CEE from an international institutional seller. The Seller was represented by JLL.

New Services in CityZen and Kálvin Square

12/12/16

From October 2016, a new service has been available for the occupiers of CityZen and Kalvin Square office buildings. Separate men's and ladies' changing rooms and showers have been installed to provide the opportunity for employees to refresh themselves after a busy day or sport.

Breaking news: Deal of the year - new, Finnish tenant in the city center

12/6/16

New Work Serviced Offices recently finalized one of the most remarkable market transactions on December 6 - just a few hours after business meeting has began. The prestigious Lapland based company deals with logistics, package sending and charitable activities. Its subsidiary signed for a significant office space area at Anker Business Center operated by New Work Serviced Offices.

€1.5 billion transacted on the Hungarian commercial real estate market in Q1-Q3 2016

12/1/16

During the Q1-Q3 2016 period the total commercial real estate investment transaction volume reached some €1.5 billion in Hungary, nearly double the 2015 total volume, a testimony to the sharp liquidity increase – according to JLL Hungary’s latest statistics.

JLL won “Investment deal of the year 2016” award for the third time

11/29/16

JLL has been awarded the „Investment deal of the year 2016” by Portfolio.hu during the annual Property Investment Forum real estate conference. This is the third consecutive year that JLL receives the coveted award.

GLL Acquires Váci 1 from Horizon Development

11/21/16

GLL acquired the multipurpose heritage building that combines retail-, office- and service functions on 13,750 sqm at Vörösmarty Square, the most prominent downtown location of Budapest. The Seller of the recently completed UNESCO World Heritage listed premium asset is the Hungarian development company behind the building’s complete rejuvenation and successful leasing: Horizon Development.

WHAT DO MILLENNIALS REALLY WANT?

11/21/16

Millennials are at the forefront of using technology and it is reshaping the way they shop. However, contrary to expectations, 70% of Millennials prefer to shop in a store instead of online and this is unlikely to dramatically change in the future, according to new research from CBRE, the global property advisor.

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