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CBRE Closes Acquisition of Global Workplace Solutions Business from Johnson Controls, Inc.

9/15/15

CBRE announced that it has closed the acquisition of Johnson Controls, Inc.’s Global Workplace Solutions business. Global Workplace Solutions is a market-leading provider of enterprise facilities management solutions for global corporations and other large occupiers of commercial real estate. Global Workplace Solutions had revenue of more than $3.0 billion in calendar year 2014.

Improving Economies to Drive Falling Vacancy and Rising Rents in European Office Markets in Next Five Years

8/31/15

Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end of 2016 and then to continue declining over the rest of the decade, according to global real estate advisor, CBRE. In Europe’s major cities, office development is not keeping pace with growing demand driven by improving employment trends and almost all key office markets are expected to show falling vacancy rates and accelerated rental growth over the next five years.

EUROPEAN CRE INVESTMENT INCREASES 15% ON Q2 2014

7/28/15

Investment into the commercial real estate (CRE) market totalled nearly €56 billion in the second quarter of 2015, up 15% on Q2 2014, according to the latest figures from global real estate advisor CBRE. Although the rate of year-on-year growth in investment activity has slowed slightly compared with Q1, it is still the highest Q2 total since 2007.

London remains world’s most expensive office market

6/30/15

London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.

Hungary's Number One Coffee and Tea Company Moves to Alkotás Point

6/22/15

The D. E. Master Blenders 1753 (formerly known as Douwe Egberts) has signed a lease contract for 877 sq m in Alkotás Point office building with the assistance of CBRE. The tenant was introduced by Property Support.

Demand boosts the Budapest office market

6/15/15

The growth prospects for the European economy are improving in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. Tightening supply of prime office space in Europe is causing prime rents to accelerate, according to global real estate advisor CBRE.

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.

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