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Christian Ulbrich Appointed JLL President

Jones Lang LaSalle Incorporated (NYSE: JLL) announced that it is separating the roles of President and Chief Executive Officer and that Christian Ulbrich, currently CEO for the EMEA region, will become President of JLL. Colin Dyer will retain the role of CEO and continue to guide the firm’s global strategy, with a particular emphasis on IT and data strategies, and oversee LaSalle Investment Management as well as the firm’s finance, human resources, legal and marketing functions. Additionally, Guy Grainger, currently UK Chief Executive, will succeed Ulbrich as EMEA CEO, and Chris Ireland will become UK Chief Executive. All changes are effective June 1, 2016.

Green certification of own office on reasonable price

The Hungarian office of Colliers International - as the first European green certified office of the international real estate network - now continues its operation in a Silver level certified office of the LEED for Commercial Interiors system. “The fit-out and the certification of our own office required at least as much attention and work as to fulfill the expectations of our clients.” – said Norbert Szircsák, Senior Associate of Green Advisory Services at Colliers International.

CBRE Reports Robust Revenue and Adjusted earnings growht for full-year 2015

CBRE Group reported robust revenue and earnings growth for the year ended December 31, 2015, with full-year revenue and EBITDA reaching new highs for the company. In Hungary CBRE’s revenue rose with 35% and the total number of employees doubled in 2015.

New Director of Valuation at Colliers’ Hungarian Office

Colliers International Hungary is pleased to announce, that András Dallos has been promoted to the position of Director, Head of the Valuation and Advisory Services Division.

Record year for JLL’s Tenant Representation department

In 2015 JLL’s market leader Tenant Representation department closed a record year as it took part in more than 50,000 sq m office space lettings reaching a 33% market share in the consulting market.

790 million Euro transacted on the Hungarian commercial real estate market in 2015

The Hungarian commercial real estate market reached the highest volume since the peak of the market in 2007 with ca. €790 million transacted in 2015. Almost 60% of the annual volume was generated by portfolio transactions, which clearly reflects the increasing interest of investors for large platforms in an attempt to gain significant exposure to the market.

Hungary’s real estate investment volume rises 61% in 2015

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 reached a historic high level at over €9.6 billion, representing a 20% increase year on year. Czech Republic and Poland put in a particularly strong performance, recording investment volumes of EUR 2.7 billion and EUR4 billion respectively.

JLL advise TPG on the acquisition of TriGranit, one of the leading developer in CEE

TPG Real Estate, the real estate arm of global private investment firm TPG has closed its acquisition of TriGranit, one of the main fully integrated, real estate platforms in Central Europe. As part of the transaction, TPG acquired the platform along with a portfolio of office and retail assets located in Poland (Bonarka Shopping Centre, B4B), Hungary (Millennium City Centre Offices) and Slovakia (Lakeside Park office building, Metropolis – 47,5 ha land near Bratislava) with additional development sites in the same countries and Croatia.