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Articles

Robust Leasing Activity H1 2018 in Budapest Office Market

The leasing activity in the Budapest office market remained strong with more than 253,000 sq m office space leased in the first half of 2018. In total, commercial real estate agencies were involved in 173,000 sq m of office leasing transactions, from which CBRE completed the largest amount of transactions, 42,245 sq m equating to 24.4% market share in the Agents market.

Private hospital moves into Buda Center

S IMMO’s Buda Center office building became multifunctional by welcoming Emineo Private Hospital. Hungary’s first musculoskeletal surgery centre was established on more than 1,300 sqm, providing high quality inpatient and outpatient care. With this lease, Buda Center is now fully let.

The Budapest Research Forum hereby reports its Q2 2018 office market summary.

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary) hereby reports its Q2 2018 office market summary

Efficient consultancy background, strong landlord trust at JLL

Over the past year, Office Group of JLL Hungary doubled the number of its office leasing assignments, currently representing 276,000 square meters of office space as an exclusive or co-exclusive agency. Since 2014 the firm participated in nearly 260,000 square meters of transaction acting as one of the Hungarian market's leading real estate consultancy.

JLL has provided tenant representation for evosoft Hungary Kft

With the help of JLL Hungary's tenant representation services, evosoft Hungary Kft., owned by Siemens, moves to an office of more than 20,000 square meters. The headquarters is expected to be delivered in January 2021 developed by WING Zrt.

GTC: we remain in the 13th district

The 20 € rent fee is unrealistic, but the current economic cycle will continue in the next two years – says Mr. Robert Snow, chairman of the GTC Hungary Real Estate Development Ltd.

WING acquires Infopark D Office Building

Hungary’s leading real estate company, WING, through one of its investment funds, has acquired Infopark D Office Building, an outstanding, award winning office building in the South-Buda area. The transaction was financed by HypoNoe Bank AG.

Creating Value in Hungarian Real Estate

GTC Hungary, the leading international office developer in Budapest, has completed its latest office building in the capital. The GTC White House is a brand new A-class office building of 21,500 m2. The state-of-the-art project features exhilarating, uplifting green architecture, including an entirely refurbished turn-of-the-century stand-alone loft building of 2,000 m2.