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Office Market News

London remains world’s most expensive office market

6/30/15

London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.

TENANTS ARE ENTHUSIASTIC ABOUT DOROTTYA

6/29/15

Iconic building, innovative developments, spacious areas, flexible floor plan and high-quality services providing to the needs of tenants - these are some of the reasons why Dorottya Udvar, one of the most dominant office buildings of South-Buda, is attractive to the both newcomers and existing tenants.

Europa Capital & ConvergenCE leases 600 m2 to Kelly Services a month after acquisition of Kalvin Centre

6/22/15

Europa Capital and ConvergenCE have recently closed the acquisition of a circa 30,000 sq. metre office portfolio and have already leased 600 sq. metres to Kelly Services Inc., the workforce solutions provider, in a successful cooperation with CE LAND Holding Ltd., the asset manager of the previous owner, VB Real Estate Services GmbH.

Hungary's Number One Coffee and Tea Company Moves to Alkotás Point

6/22/15

The D. E. Master Blenders 1753 (formerly known as Douwe Egberts) has signed a lease contract for 877 sq m in Alkotás Point office building with the assistance of CBRE. The tenant was introduced by Property Support.

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").

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