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Leasing developments in Business Center 91

11/20/14

The office market has experienced an ongoing recovery in the recent period. This is also reflected by the results of CPI Hungary (former Ablon), as it has increased by 20% within a year the ration of the leased premises in the Business Center 91 Office Building. From the second half of the last year increasing activity on the lease market could be observed, thus time has come, in addition to extensions, for the expansion of leased premises and conclusion of new lease agreements as well.

Energy Dependent Cities See Prime Office Rents Accelerate

11/7/14

Average prime office rental growth is up by a quarter, at 25.2%, for energy dependent cities - a city which is driven by the energy sector (oil and gas) for economic and real estate activity - this year. This far outstrips the average of 4.5% for other established office locations according to the latest research from global property advisor CBRE, which covers 33 cities.

CBRE Hungary Boosts its Valuation Team

11/5/14

CBRE Hungary announced that Dávid Tóth joined its Valuation Department as of 1 November. Dávid will focus on valuation reports for banks, real estate companies, investment funds and corporate clients on a national and cross-border basis.

Hungarian property investment volume likely to exceed its highest level since 2007

11/4/14

Ireland and Spain are close to record-breaking levels for commercial real estate (CRE) investment as buyers search for value in non-core markets. In Hungary office and industrial investment volumes are likely to increase most significantly, according to the latest research from global real estate advisor CBRE.

CBRE: Refurbished Andrássy 100 Office Building Awaits New Tenants

10/28/14

The neoclassical building on the prestigious ‘Champs-Élysées of Budapest’, at 100 Andrássy Avenue was originally built as a residence for the Prime Minister in 1890. It later served as a trade union headquarters and then as a school for confectionary students. The expansion of the building took place at the end of the 1990s.

Veeva Moves to Alkotás Point

10/27/14

Veeva Systems Inc., a leading provider of cloud-based software for the life sciences industry, signed a long-term lease for 1,300 square meters of space in the Alkotás Point office building. With this deal the building’s occupancy has increased to over 90 percent. CBRE represented the landlord during the negotiations, while Eston introduced the tenant into the building.

CBRE Hungary Won Euromoney’s “Best Research” Award Again

10/22/14

CBRE has been named the top global real estate advisory firm in the 2014 Euromoney real estate awards. CBRE is the only firm to achieve top honours in three consecutive years, and has now earned the highest award seven times in the ten years that Euromoney has been running its real estate awards program. The Hungarian office was awarded the Best Research recognition for the third year in a row.

Road Construction Company Moves into Daróczi 30 Office Building

10/10/14

One of the leading road construction groups of Hungary opens its new headquarters in the capital's 11th district with the assistance of CBRE. The nearly 5,000-square meter Daróczi 30 office building is located in central Buda near to the junctions of Karolina út and Villányi út. Its new tenant is opening its Hungarian headquarters in the building, formerly occupied by Austrian construction company, Strabag.

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