On May 29th, 2018, one of Hungary’s most modern office buildings, the Ericsson House, was officially handed over in the presence of the Prime Minister of Hungary and Ericsson’s worldwide CEO. This new building, developed by WING, features not only offices, but also one of the Swedish company’s largest European Research & Development centers.
As the result of JLL's latest successful tenant representation a new Shared Service Center enters Hungary and signed a long-term office leasing agreement.
The CEE hotel market experienced rapid growth in the last three years both in terms of hotel performance and transaction volume due to the dynamically expanding tourism industry.
A short quiz: what is common in Morgan Stanley, SAP, Prezi, Budapest Bike Maffia, OTP LAB, ELTE, Balabit and hundreds of smaller and larger companies? The answer lies within arm’s reach: the 3rd international Start-up Safary was held in Budapest this April. Just imagine: more than 3,000 participants, 311 programs including representatives from the above listed companies.
After being fully let for over 10 years, Budapest’s first office building is on the market again. With its exceptional location in the middle of Váci utca, the premier pedestrian area of Downtown Budapest, the Zászlós Office Building is a real gem and one-of-a-kind opportunity on the office market. Colliers Office Team has been exclusively appointed to lease the building which will be available for occupancy from the first quarter of 2019.
Worldwide one of the largest automotive company, Ford has chosen Váci Green Building D for its European Business Service Centre business unit. The transaction was supported by CBRE as the representative of Ford Motor Company and Cushman & Wakefield as the representative of the developer Atenor.
Managing Partner at ONLINE REAL ASSETS - Digital Real Estate Company
This is a first for the global commerce giant: Online real estate sales at Amazon.es. The Spanish developer Altamira has put up for sale about a hundred houses and apartments in Madrid, Barcelona and on the Mediterranean coast.
The site allows the direct connection with a seller, but not yet the online purchase of the house. The proponent states that the first sales have already been made.
Altamira AM is a real estate company, a subsidiary of the US investment fund Apollo. Its wealth in Spain is over 50 billion euros. This initiative is clearly the first step in a plan to rapidly increase the proponent's online real estate sales.
Amazon.es is more shy about other real estate ads, as they are only present through links to the Trovit and Holapisos ad sites.
We know that Amazon, like other Gafa, is very interested in real estate: tests were conducted in the United States in 2017. This Spanish initiative is probably in a much more ambitious vision for real estate.
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