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Office Market News

Margaréta Mészáros is the new Head of Valuation at CBRE

CBRE Hungary announced today that Margaréta Mészáros will replace Graham MacMillan as Head of Valuation from 1st March. After six years in Budapest, Graham will relocate to the UK, staying with CBRE taking up the position of Senior Director within the International Valuation and Advisory Services Team in CBRE’s London office.

Strong demand for quality investment products in CEE

According to the latest data from CBRE, the world’s largest commercial real estate services company, in 2013 real estate investment volume in Central & Eastern Europe (CEE) amounted to over €10 billion. It was the best result since 2008. 2013 proved to be one of the most active years in the CEE Investment Market for many years with increased investment volumes across most regional markets.

CBRE awarded in the CEE Outsourcing & Shared Services Awards 2014

CBRE Corporate Outsourcing, a part of CBRE Group, was awarded in the CEE Outsourcing & Shared Services Awards of 2014. Barbara Huss-Kaniewska, Global Leader of GCS RE Accounting Services at CBRE, was named as Business Centre Manager of the Year - Shared Services.

Bank Centre has had an incredible 2013

Bank Center has had an incredible year in 2013: the occupancy rate has reached 87%, which exceeds the 78% average of the CBD speculative office market stock. Besides the premium location, this result has been achieved by a modern, environment-friendly investment of the management. After a technological upgrade in 2012 a 15% cut in energy costs has been achieved. This means that Bank Centre is one of the most efficient and best value GREEN office buildings in Budapest today.

CBRE: Tim O’Sullivan is “The Personality of the Year” in 2013

CBRE is pleased to announce that the “Office Market Personality of the Year” title is awarded to a member of its team for the third time in a row: in 2013 Tim O’Sullivan, Head of Capital Markets Hungary & SEE won the prize at the 4th Iroda.hu Awards Gala.

West End Business Center and MOM Park attracts new tenants

West End Business Center, located in Budapest’s city center and MOM Park Shopping Center and Offices situated in the heart of Buda– both managed by AEW Europe, secured a significant amount of lease renewals with existing tenants.

Timex Headquarter in Science Park

The Hungarian representation of the American watch manufacturer has decided to move its headquarters in Budapest from the 3rd district to Science Park, and will occupy a new office space from Q1 2014. – said Petra Holy, Associate Director at Colliers International Office Agency.

Record property management win for Colliers International in Eastern Europe

Colliers International, a leading real estate management services provider, was instructed by IMMOFINANZ Group to manage eleven office and industrial properties located in Bulgaria, Hungary and Poland. The total volume of the managed portfolio exceeds 167,000 m2 of GLA.
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