A significant investment transaction was recently completed in Budapest. The Hungarian office of Colliers International represented the seller, Bluehouse Capital, in the sale of Infopark E to a fund managed by Diófa Asset Management. The transaction represents the largest single asset deal in Hungary in 2015. Infopark E is the newest building within the prominent Infopark development project, located in the best performing South-Buda submarket.
Colliers International Group Inc (Nasdaq:CIGI) (TSX:CIG) announced last week the appointment of Jay S. Hennick as Chairman and Chief Executive Officer and Dylan Taylor as President and Chief Operating Officer. These appointments follow the resignation of current CEO Douglas Frye.
Colliers International Group Inc. (Nasdaq:CIGI) (TSX:CIG) and FirstService Corporation (Nasdaq:FSV) and (TSX:FSV) announced the completion of their separation into two independent, publicly traded companies – Colliers International Group Inc. ("Colliers") and new FirstService Corporation ("FirstService").
Colliers International and Peakside Capital join forces on multiple levels, as the real estate consultant company becomes responsible for organizing property and facility management as well as office and retail leasing tasks in East-West Business Center, a landmark building in Budapest city centre, on Astoria.
The Hungarian office of Colliers International announced that Ferenc Trexler joined the Office Agency Team as Associate Director, Head of Landlord Representation from March 2015. With over 13 years of experience in the Budapest real estate market, Ferenc has an impressive career and history in the industry.
In 2014 green office area continued to grow rapidly, now the stock of green offices is exceeding 23% of the entire stock. Taking into consideration the size of offices currently being under certification, this number will grow to 30% by the end of 2015. – said Norbert Szircsák, Senior Associate at Colliers International’s Green Advisory Services on the occasion of releasing the real estate consultant firm’s yearly green certification report.
The Budapest Research Forum (BRF, which is comprised of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports its Q3 2014 office market analysis.
Office Garden II has received Gold Certification under LEED® (LEED for Existing Buildings: Operations and Maintenance, EBOM) rating scheme ─ the OGH News-Agency learnt from Norbert Szircsák, Senior Associate of Colliers Green Advisory Services. Compared to other office buildings in the market, in terms of energy consumption per m2 Office Garden II is ranked among the best and received significant score in the energy category of the LEED rating system.
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