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Office Market News

United Kingdom joins Europe’s first independent Office Search Network

Following years of prosperity in Europe, during which hundreds of thousands of square metres of office space have been leased, the International Office Search Network has now extended to the UK.

Strong demand for office space in CEE

According to the latest data from CBRE, the world’s largest commercial real estate services company, strong office leasing activity during 2013 was registered across Central & Eastern Europe (CEE). Nearly all of its markets saw leasing activity increasing and reaching results above the recent five year average.

CBRE ranked among Fortune Magazine’s most admired companies

CBRE announced that it was the highest-ranked commercial real estate services and investment firm in Fortune’s 2014 Most Admired Companies list. This is the fourth consecutive year that CBRE was the highest ranked commercial real estate services and investment firm. CBRE has also been named the top global brand in commercial real estate by The Lipsey Company for the 13th consecutive year.

Jones Lang LaSalle Shortens Name to “JLL” and Unveils New Logo

Underscoring its global operation, scale and vision for the future, Jones Lang LaSalle (NYSE: JLL), the professional services and investment management firm specializing in real estate, has announced that it is now using the name “JLL” and introducing a refreshed logo.

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.