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FLE continues its growth in CEE and acquires an office building in Budapest

FLE GmbH, a company of the LFPI group, continues its investment activity and acquires its first real property in CEE from an international institutional seller. The Seller was represented by JLL.

€1.5 billion transacted on the Hungarian commercial real estate market in Q1-Q3 2016

During the Q1-Q3 2016 period the total commercial real estate investment transaction volume reached some €1.5 billion in Hungary, nearly double the 2015 total volume, a testimony to the sharp liquidity increase – according to JLL Hungary’s latest statistics.

JLL won “Investment deal of the year 2016” award for the third time

JLL has been awarded the „Investment deal of the year 2016” by Portfolio.hu during the annual Property Investment Forum real estate conference. This is the third consecutive year that JLL receives the coveted award.

WHAT DO MILLENNIALS REALLY WANT?

Millennials are at the forefront of using technology and it is reshaping the way they shop. However, contrary to expectations, 70% of Millennials prefer to shop in a store instead of online and this is unlikely to dramatically change in the future, according to new research from CBRE, the global property advisor.

CBRE has been the partner of E.ON during its moving to the new office building

In October 2016, 600 employees of E.ON Hungária Zrt. successfully finished moving into the V17 office building, Váci út. Furthermore, this has been the largest tenant move in the Budapest office market this year so far.

Significant transactions, new experts at CBRE Hungary

CBRE continued its dynamic expansion in 2016, the significant transactions need more and more experts in the Budapest office of the world's largest real estate consultancy firm. The project management team has expanded to five members, and the work of the retail real estate unit is supported by a new senior professional. The team responsible for capital market operations is also completing significant orders, so this area has also increased the number of staff in 2016. The industrial property experts, in turn, have set a record with the market share of CBRE.

The Hungarian real estate market is getting greener

Today one quarter of modern office buildings in Budapest have a sustainability evaluation certification, and even among the older office buildings a growing number apply new technologies. Almost all new real estate entrants offer architectural and environmental management solutions to their future tenants. Held by the world's largest real estate advisor, CBRE’s Green Week campaign, organized each year, aims to raise the awareness of the global real estate industry about social responsibility towards the environment by reaching its more than 70 thousand employees as well as its customers.

Cushman & Wakefield secure Media Markt at BC140 Office Building, Budapest

Cushman & Wakefield, exclusively representing the Landlord, a German fund, has successfully closed a long-term lease agreement with Media Markt extending to 2,888 sq m of office space and 50 parking spaces, at BC140 office building in Budapest, equating to an increase in the occupancy rate by 16% at the building.