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Articles

Present and future of the South Buda office market

2/13/19

The position of the South Buda office market has drastically changed over 2018. Thousands of office areas were vacated during the year, while the submarket had the lowest vacancy rate at the beginning of the year. South Buda is facing new challenges. The new developments arriving in 2019 are going to create a more diverse situation.

New Work: from now on New Work will play in the European league - at least one new Center each month in 2019

2/11/19

Mr. Hubert Abt managing director of New Work Offices zrt says that Budapest remains the most important market for now, but Poland will take over this role by the end of the year. We also discussed rising fees, tenants’ needs and why good design can not be calculated by ROI.

This spring Lindt opens its new retail store in Budapest

2/8/19

Last spring JLL's retail leasing department has already announced that the Swiss premium quality Lindt chocolate brand is planning to open its first self-operated retail store in the country. As a result of a thorough market research, JLL's advisers have found the ideal Buda location on the ground floor of Allee Shopping Center.

Atenor dynamically expands, its developments advance at a fast pace

2/8/19

Atenor opened its brand new, super modern, showroom inclusive 760 m2 office in Váci Greens D, thus duplicating its previous size.

Szervita Square Building. Pre-leased by SPACES, Financed by UniCredit Bank Hungary

1/25/19

Year-end of 2018 brought two major developments for Szervita Square Building, a LEED Platinum certified, sustainable multi-purpose commercial and luxury residential property to be handed over in 2020 by Budapest-based Horizon Development.

CBRE Market leader Budapest office market 2018

1/24/19

In 2018 CBRE transacted the largest amount of office space in Budapest, equating to nearly 105,000 sq m – the first time an Agency has ever exceeded 100,000 sq m within a year in Hungary.

Successful year-end, unbroken momentum at JLL

1/23/19

In 2018 JLL's Hungarian office closed an outstanding year, the company contributed to the biggest sales transaction of the year, and the office leasing division also outperformed its last year's performance.

IMMOFINANZ’ myhive office brand proves a success story in Hungary - New services at myhive Atrium Park

1/23/19

Nearly two years have been passed since the opening of the first office building in Hungary under the brand myhive – IMMOFINANZ’ international office concept. Since then, the concept has already covered five Budapest office buildings of IMMOFINANZ, with a total of 113 000 sqm of leasable space and 56 tenants employing 7,500 people.

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