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ConvergenCE Successfully Sold Árpád Center

ConvergenCE closed the sale of Árpád Center at the end of Summer 2021. The popular office building at the junction of Árpád Bridge and Váci út was acquired by Investum Kft.

GTC Hungary appoints Ede Gulyás as Country Head Deputy

Globe Trade Centre has promoted Ede Gulyás to the position of Country Head Deputy, as of August 1, GTC announced. In his role, Ede will be responsible for all GTC’s operations in Hungary.

A bistro-style restaurant awaits tenants of Millennium Gardens

TriGranit, the developer of Millennium Gardens and the Kantin restaurant chain, which focuses on premium office catering, have agreed to open the latest unit of the restaurant chain, successfully operating under the Kantin brand

IMMOFINANZ expands portfolio to include the growth segment of sustainable and affordable housing – up to 12,000 apartments planned

IMMOFINANZ is not only on a growth course throughout Europe with its innovative office and retail solutions but is now expanding its real estate offering to also include affordable and sustainable housing. With Top on STOP, single-storey STOP SHOP retail parks will be overbuilt to create low-price, resource-friendly housing and to create up to 12,000 new apartments over the medium-term.

IMMOFINANZ generated strong growth in the results of operations and net profit during the first half-year

The expansion of the portfolio through acquisitions in Bucharest and Italy during recent months will be continued: The acquisition and development project pipeline has a volume of more than EUR 1 billion.

The PRS market in the CEE region gathers pace and interest from investors but the majority of activity is currently centred around the Czech Republic and Poland.

There is a larger number of PRS/BTR projects being announced in the pipeline for delivery over the next few years across the region.

The Budapest Research Forum which comprises hereby reports its Q2 2021 office market summary.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2021 office market summary.

Robertson Hungary acquires BNP Paribas Real Estate Hungary

Robertson Hungary Kft., a provider of real estate services in the field of Property Acquisition, Vendition, Leasing, Valuation in the sectors of office, retail, hotel, industrial and logistics, today announced that it is acquiring BNP Paribas Real Estate Magyarország Tanácsadó és Ingatlankezelő Zrt., a company specialized in Property, Project and Financial Management services in the Hungarian real estate market, to strengthen its position and broaden its business activities
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