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S IMMO sold Twin Center office building

12/5/19

S IMMO Hungary closed a major deal by selling one of its Budapest office buildings. The transaction was conducted after a longer negotiation period.

Brown-Forman found its new office with JLL’s assistance

9/23/19

The Brown Forman Corporation is one of the largest American-owned producers in the spirits and wine business. Its portfolio includes such well-known brands as Jack Daniel’s Tennessee Whiskey, El Jimador tequila or the Finlandia Vodka

Lindt is expanding further in Budapest

9/11/19

Lindt plans to open a second retail unit in Budapest with JLL as its tenant representative. The international real estate advisory firm assisted the chocolatier Lindt&Sprüngli in the contract negotiation in their new downtown location, which will soon open on the Fashion Street.

JLL renegotiated Skyscanner’s leasing terms

9/2/19

JLL, the international real estate agency, has represented the tenant, the globally well-known Scottish Skyscanner, a travel fare aggregator, to renegotiate its office space in Budapest. The lease renegotiation of 1,000 sq m was successfully concluded and the client signed an additional 5 years in the K6 Office Building.

S IMMO is in the fast lane

5/23/19

S IMMO started 2019 with large-scale transactions in the Budapest property market. Through purchasing a nearly 9,000 sqm plot, the company is preparing the development of a new office complex, while its existing buildings are still close to full occupancy.

Office Garden Office Park is expanding, the construction of Office Garden IV has started

5/22/19

The popular office park of South Buda office market is expanding, the construction works of Office Garden IV has started. After the success of the first three phases GRT Group, the developer has decided on starting the construction works of phase 4. The office building is exclusively represented by Robertson Hungary as in the previous phases. Office Garden IV is scheduled to be completed in Q2 2021.

New promotions at JLL’s leasing department

3/6/19

JLL Hungary’s leasing division has strated the new year with new promotions, from this January Krisztina DeákMajor is the head of landlord representation.

Present and future of the South Buda office market

2/13/19

The position of the South Buda office market has drastically changed over 2018. Thousands of office areas were vacated during the year, while the submarket had the lowest vacancy rate at the beginning of the year. South Buda is facing new challenges. The new developments arriving in 2019 are going to create a more diverse situation.

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