The UK has taken the top spot as the most popular destination for retailers looking to expand their store presence in EMEA in 2017. 65% of retailers cited the UK as their target market for expansion, according to the latest research from global property advisor, CBRE. 19% of retailers, however, target Hungary which is the fifth most admired market along with Spain and the Netherlands.
The Hungarian affiliate of one of the leading healthcare companies of the world created its new office spaces with the help of DVM group in Park Atrium office building. The company has already been present in several blocks and levels of the building, with its new leases occupying nearly 730 square meters on the 1st floor of B2 and up to 360 square meters on the ground floor of B4. The international company entrusted DVM group with design and construction tasks, while project management was provided by the global real estate services firm Cushman & Wakefield.
Diófa Asset Management is delighted to announce four new tenants leasing over 3 700 sq m in the landmark office building Óbuda Gate. Diófa Asset Management representing the owner, redeveloped several parts of the 14,000 sq m GLA office building to fit tenant’s expectations and to be more competitive on the market. Two property agencies are co-exclusively working on the office buildings’ leasing strategy: Robertson Hungary.and Jones Lang LaSalle.
The Váci út office corridor, the central business district (CBD) and the inner quarters of Pest are the most significant office locations in Budapest. The Budapest office of CBRE, the world’s leading real estate consultant, has synchronized its office market database with the metro lines and stations to highlight the current status of the city’s office market.
WING is transforming the Material Center building, which until now has operated as a shopping mall, into a high quality yet cost-effective office building, giving it a new lease of life both architecturally and in terms of its function. The building, which has an area of over 20,000 square metres, will be fully converted and renovated to a high standard, to be reborn as the Skylight CITY office centre. The preparatory works have already begun, and offices are already available for rental in the building.
Ms. Katalin Sermer, CEO of S IMMO Hungary Kft is quite optimistic for the future regarding Budapest office market. The company is ready for an upward period, expected developments of the last years resulted; the average occupancy rate is above 90% – she says.
The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports its Q1 2017 office market summary.
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