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Office Market News

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.

Váci Greens’ Building "C" is managed by CBRE

5/27/15

CBRE's Asset Services department won the property management mandate of Váci Greens' Office Building “C” of the Atenor Group. The 18,000 sq m office building has excellent sustainability indicators, and now will be managed by the Asset Services department of CBRE.

Colliers and East-West Business Center collaborate in multiple tasks

5/19/15

Colliers International and Peakside Capital join forces on multiple levels, as the real estate consultant company becomes responsible for organizing property and facility management as well as office and retail leasing tasks in East-West Business Center, a landmark building in Budapest city centre, on Astoria.

Hungarian investment turnover almost tripled in Q1 2015

5/11/15

Global real estate investors remain confident and their intentions are expansionary, with more than half planning to increase their acquisitions in 2015, according to CBRE’s Global Investor Intentions Survey 2015. Globally, 53 percent of investors plan to increase their purchases this year. Investor appetite for cross-regional acquisitions has increased significantly with 38 percent of respondents intending to invest outside their own region this year–up from 28 percent in 2014.

Cushman & Wakefield to Merge with DTZ

5/11/15

CHICAGO and NEW YORK, May 11, 2015 – Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients.

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