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Blue Cube welcomes pharmaceutical system house, Novodata

Blue Cube offices on the Váci út corridor welcomes Novodata, a pharmaceutical software developer company, leasing over 950 sqm office space. Colliers International represented the landlord S IMMO, while Tower Ingatlan represented Novodata / LX Line within the transaction.

Luke Dawson appointed Managing Director & Head of Capital Markets for Central & Eastern Europe

Colliers International today announced that Luke Dawson has returned to Colliers International, effective immediately, in the role of Managing Director & Head of Capital Markets for Central & Eastern Europe (CEE).

New professionals joining the Investment Team at Colliers Hungary

Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017.

Váci Greens A

Atenor, advised by Cushman & Wakefield Hungary’s Capital Markets Team, have successfully sold Building A of their prestigious Váci Greens campus to an independent Hungarian investor group.

Hungarian commercial real estate investment market doubled in 2016

Investors spent EUR 1.54 billion in 2016 in the Hungarian commercial real estate market surpassing the 2015 level by 107 per cent. Last year both office properties and retail properties were in request, thus CBRE, the world’s leading real estate adviser is expecting a similar or even higher turnover for 2017.

A remarkable year of the Hungarian commercial property market

The sound global and domestic investment climate generated a major push in investment activity in Hungary reaching the second highest ever registered annual volume of EUR 1.7 bn in 2016, i.e. 133% up from the previous year. The most popular type of assets were offices with share of 56%, followed by retail at 25% and industrial deals accounted for 11% of the overall volume.

Accounting and property management of Váci Greens’ Building „C” carried out by CBRE

The property management and (property and SPV) accounting of Váci Greens’ Building C, acquired by ZFP Investments, acting on behalf of the ZFP realitní fond, a Czech real estate fund entering the Hungarian commercial real estate market, is now performed by CBRE.

The Budapest Research Forum hereby reports its Q4 2016 office market summary.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports its Q4 2016 office market summary.