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Huge Hungarian success in the FIABCI World Prix d’Excellence Awards

7/22/20

Hungarian real estate developers won two gold and five silver medals in this year's World Prix d’Excellence Awards.

ConvergenCE appointed to Lease Agora Offices

7/22/20

Agora Tower, one of the newest and most spectacular office buildings on Váci Road, opened its doors in June. ConvergenCE has been appointed the exclusive contract to support the owners, HB Reavis to lease the iconic building.

myhive: flexibility is the key in the office market

7/20/20

Viktor Nagy, Country Operations Manager of IMMOFINANZ Hungary said that by reacting immediately to the changing real estate market situation, they gained a significant market advantage. Their tenants appreciate the flexibility of the myhive concept, so a real win-win situation has emerged.

The Budapest Research Forum (hereinafter the ‘BRF’) hereby reports its Q2 2020 office market summary.

7/13/20

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2020 office market summary.

Many companies in the CEE region might consider a hybrid mix of remote and office-based work along with software for management of distributed teams, project management, team management and even skills management in the business.

7/7/20

We expect that a fair amount of market activity in 2020 will come from lease renegotiations and renewals as opposed to new and pre-lease transactions. We might record more sub-leases being offered if companies need to downsize. Tenant covenants will receive additional scrutiny by landlords, banks and investors in order to limit risk to a sustainable income.