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Office Market News

New office and new upswing at Mazars

6/10/14

The biggest tax advisory firms are on the move which is proved by the numerous press releases about advisory firms’ office and headquarters projects. PwC has just moved in the recently handed over Eiffel Palace office building, the completion of KPMG’s new headquarter on Vaci road expected in August, Mazars has committed itself to a new office building. Vivid interest of the enterprises of the advisory sector indicates that it is worth to reconsider strategies related to office area utilization.

CBRE named to FORTUNE 500 for 7th straight year

6/6/14

CBRE Group Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the seventh straight year. CBRE was the highest-ranked commercial real estate firm in the 2014 rankings and remains the only commercial real estate services firm ever included on this prestigious list.

Colliers International acquires property management company in Hungary

6/4/14

Global real estate firm Colliers International has acquired Property Partners, an established Property & Facility Management company in Hungary. The two parties will establish a new company bringing together Colliers Internationals’ existing and the newly acquired business with immediate effect.

Green House Among the World’s Best Office Buildings

6/2/14

Green House was chosen to be the World Gold Winner in the office category for the FIABCI World Prix d’Excellence Awards 2014. The highest recognition was handed over by Dr. Flavio Gonzaga Nunes, the World President of FIABCI, during the 65th Fiabci World Congress and World Prix d’Excellence Awards Presentation Ceremony on the 21st of May in Luxembourg.

C&W SECURED ITELLIGENCE AT INFOPARK A

5/27/14

Cushman & Wakefield (C&W) the world’s largest privately held commercial real estate services firm, representing CA Immo has secured new office space for itelligence Hungary’s HQ extending to over 900 sq m at Infopark A in Budapest.

Significant pipelines in the Czech Republic

5/26/14

With GDP growth of 2.6 percent predicted for 2014 the Czech Republic is successfully recovering from the market downturn of the last two to three years with a substantial pipeline in the Prague office market, although concerns have been expressed with regard to rising vacancy. Take up in the industrial sector is increasing across the country as leading developers are opting for a more cautious built-to-suit development model.

Spain, Ireland and Europe’s recovering markets continue to improve

5/23/14

Spain, Ireland and Italy all saw year-on-year increases in investment activity in Q1 2014 as investors continue their climb up the risk curve. While London still attracts a significant amount of capital, growth is much more dynamic in destinations with higher risk/yield profile. Eurozone peripheries and Central Europe will all benefit from this influx of new money throughout the year, according to the latest research from global property advisor CBRE.

IVG sold StefániaPark referred as the ’Jewel of Budapest’ by many

5/23/14

A significant transaction has been completed on the investment market in Hungary. The buyer, a German private equity investor, represented by Colliers International purchased StefániaPark office building located in the 14th district of Budapest. The seller, IVG was represented by JLL. The parties have agreed not to disclose the exact purchase price.

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Harkácsi István

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