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MORGAN STANLEY – THE STARTING GUN FOR HUNGARY’S INVESTMENT MARKET?

Last week saw Morgan Stanley finally complete their purchase of the AEW portfolio in Budapest; this week has seen the formal announcement of TPG’s purchase of Trigranit – whilst ostensively a company deal, it is still one that has obvious positive implications for the Hungarian property market. But is this another false dawn – or the start of the re-emergence of Hungary as an investment destination?

Bluehouse Capital exits Infopark E

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.

Cushman & Wakefield releases European Office Forecast 2015-2017 report

As supply constraints intensify in the City of London office market, and occupier activity remains robust, rental growth is forecast to reach 12% in 2015, according to global real estate adviser Cushman & Wakefield’s European Office Forecast 2015-2017 report.

Jay S. Hennick Appointed Chairman & Chief Executive Officer of Colliers International Group Inc.

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 Becomes an Independent Public Company

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 and East-West Business Center collaborate in multiple tasks

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.

Cushman & Wakefield to Merge with DTZ

CHICAGO and NEW YORK, May 11, 2015 – Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients.

New professional at Colliers International Hungary’s Office Agency Team

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.