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Office Market News

Jay S. Hennick Appointed Chairman & Chief Executive Officer of Colliers International Group Inc.

6/22/15

Colliers International Group Inc (Nasdaq:CIGI) (TSX:CIG) announced last week the appointment of Jay S. Hennick as Chairman and Chief Executive Officer and Dylan Taylor as President and Chief Operating Officer. These appointments follow the resignation of current CEO Douglas Frye.

Busy year in BC140

6/16/15

Two new tenants moved in and two existing tenants decided to renew and expand their leased premises in BC140 office building, announced DTZ Hungary international property adviser representing the Landlord. The occupancy ratio has nearly doubled in the past 6 months. Arrow Hungary renewed and expanded in total for 1,310 sq m.

Demand boosts the Budapest office market

6/15/15

The growth prospects for the European economy are improving in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. Tightening supply of prime office space in Europe is causing prime rents to accelerate, according to global real estate advisor CBRE.

Colliers International Becomes an Independent Public Company

6/11/15

Colliers International Group Inc. (Nasdaq:CIGI) (TSX:CIG) and FirstService Corporation (Nasdaq:FSV) and (TSX:FSV) announced the completion of their separation into two independent, publicly traded companies – Colliers International Group Inc. ("Colliers") and new FirstService Corporation ("FirstService").

JLL Unveils RED, its Corporate Real Estate Data and Insights Platform

6/9/15

Data science arrives in ground-breaking form in corporate real estate with the launch of JLL’s global data and insights platform, RED. As corporate real estate’s first open and scalable data and analytics platform, RED is a revolutionary approach to uncovering insights that can power business performance and reach new levels of productivity in the workplace and workspace.

100% tenant retention rate in Park Atrium, Budapest.

6/9/15

Cherishing great landlord-tenant relations through ongoing personal dialogues and continuous property improvements has always been a key to the success of GLL Real Estate Partners. The international real estate fund management company outperforms the market in terms of occupancy, and maintains below average vacancy rates in its office buildings located in many European capitals.

BC140 office building welcomes new tenants

6/3/15

Two new tenants moved in at BC140 office building, the perfectly located office scheme on Váci út corridor. DTZ Hungary represented the Landlord during the negotiations.

UPC Chose Haller Gardens

5/29/15

UPC chose Haller Gardens as its new headquarters in Budapest renting 5,600 sq m of office space in the building. During the transaction CBRE represented the tenant and JLL acted on behalf of the owner.

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Harkácsi István

+36 30 644 7655


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