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SAVILLS COMPLETES ACQUISITION OF Cluttons middle east business

International real estate advisor Savills has completed the acquisition of Cluttons Middle East, a leading real estate consultancy business in the region.  The business employs 190 staff in seven locations throughout the region, providing Agency, Management and Consultancy advice in both the Commercial and Residential sectors.  The acquisition, which was completed on 31 May will see Savills take full ownership of Cluttons Middle East, a business which has been established in the region for more than 40 years.

Budapest amongst the regional leaders on the hotel market

The CEE hotel market experienced rapid growth in the last three years both in terms of hotel performance and transaction volume due to the dynamically expanding tourism industry.

Iconic office building becomes available for lease

After being fully let for over 10 years, Budapest’s first office building is on the market again. With its exceptional location in the middle of Váci utca, the premier pedestrian area of Downtown Budapest, the Zászlós Office Building is a real gem and one-of-a-kind opportunity on the office market. Colliers Office Team has been exclusively appointed to lease the building which will be available for occupancy from the first quarter of 2019.

CEE Office report: Is your workplace Millennial-ready?

Colliers International and international law firm CMS has recently released their second annual report, ‘CEE Office Real Estate Compass: Is your workplace Millennial-ready ’. The study looks at the changing nature of the workplace in CEE2 and includes a survey of 72 CEE-based professionals drawn from the spectrum of geography and seniority.

Green certification – Not just for offices anymore

Although offices still comprise the majority of certified green buildings in Hungary, other types of properties are increasingly being certified, according to Colliers International’s latest Green building market report.

Colliers has been appointed as Property Manager of Mill Park

Colliers REMS Hungary has been assigned by Skanska for the role of property manager for Mill Park Offices, from 2018.

ESTON provides long term leasing solution for Nielsen

As the result of the successful cooperation between ESTON International and AC Nielsen Piackutato Kft. a long term lease agreement was signed in September at the Vaci Utca Center office building.

ESTON International Zrt. Market Analysis of the First Half of 2017

There was a significant decrease in the growth of supply in the first half of 2017 compared to last year’s data, with only one new building being handed over (Graphisoft Park, 5,500 sqm).