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CBRE Hungary Moves to Eiffel Palace in the New Year

12/16/14

CBRE Hungary, the local affiliate of the world’s largest property advisor signed a long term lease contract in one of the most prestigious office buildings in Budapest. The company will move its head office to Eiffel Palace in Q1 2015.

Central European Office Market Update

12/11/14

According to Cushman & Wakefield (C&W) the world’s largest privately held commercial real estate services firm’s latest Central European office market update, by the end of September 2014 take-up in the CEE region exceeded 1.17 million sq m compared with only 410,000 sq m of new supply being delivered to the market.

Energy Dependent Cities See Prime Office Rents Accelerate

11/7/14

Average prime office rental growth is up by a quarter, at 25.2%, for energy dependent cities - a city which is driven by the energy sector (oil and gas) for economic and real estate activity - this year. This far outstrips the average of 4.5% for other established office locations according to the latest research from global property advisor CBRE, which covers 33 cities.

CBRE Hungary Boosts its Valuation Team

11/5/14

CBRE Hungary announced that Dávid Tóth joined its Valuation Department as of 1 November. Dávid will focus on valuation reports for banks, real estate companies, investment funds and corporate clients on a national and cross-border basis.

Hungarian property investment volume likely to exceed its highest level since 2007

11/4/14

Ireland and Spain are close to record-breaking levels for commercial real estate (CRE) investment as buyers search for value in non-core markets. In Hungary office and industrial investment volumes are likely to increase most significantly, according to the latest research from global real estate advisor CBRE.

CBRE: Refurbished Andrássy 100 Office Building Awaits New Tenants

10/28/14

The neoclassical building on the prestigious ‘Champs-Élysées of Budapest’, at 100 Andrássy Avenue was originally built as a residence for the Prime Minister in 1890. It later served as a trade union headquarters and then as a school for confectionary students. The expansion of the building took place at the end of the 1990s.

Veeva Moves to Alkotás Point

10/27/14

Veeva Systems Inc., a leading provider of cloud-based software for the life sciences industry, signed a long-term lease for 1,300 square meters of space in the Alkotás Point office building. With this deal the building’s occupancy has increased to over 90 percent. CBRE represented the landlord during the negotiations, while Eston introduced the tenant into the building.

CBRE Hungary Won Euromoney’s “Best Research” Award Again

10/22/14

CBRE has been named the top global real estate advisory firm in the 2014 Euromoney real estate awards. CBRE is the only firm to achieve top honours in three consecutive years, and has now earned the highest award seven times in the ten years that Euromoney has been running its real estate awards program. The Hungarian office was awarded the Best Research recognition for the third year in a row.

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