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S IMMO office buildings strengthen market position

12/17/15

A new star has appeared recently and is rising on the office market in the downtown theatre district of Budapest. Podium Office building was vacated one and a half years ago, and has since undergone a complete renovation. The building is owned and operated by an Austrian investor, S IMMO AG and its Hungarian subsidiary, while marketing and the exclusive leasing consultancy is done by Colliers International Hungary. So is another office building in S IMMO’s portfolio: Blue Cube which received a BREEAM In-Use Very Good classification in the Asset and Building management categories.

JLL advise TPG on the acquisition of TriGranit, one of the leading developer in CEE

12/10/15

TPG Real Estate, the real estate arm of global private investment firm TPG has closed its acquisition of TriGranit, one of the main fully integrated, real estate platforms in Central Europe. As part of the transaction, TPG acquired the platform along with a portfolio of office and retail assets located in Poland (Bonarka Shopping Centre, B4B), Hungary (Millennium City Centre Offices) and Slovakia (Lakeside Park office building, Metropolis – 47,5 ha land near Bratislava) with additional development sites in the same countries and Croatia.

Asian downturn pushes luxury attention worldwide

12/4/15

Worldwide sales of luxury goods continue to increase according to the latest report by global property advisor CBRE, Luxury Retail 2015. 70%* of all Chinese-led luxury purchases are now transacted overseas, resulting in sales increases in Western Europe of 13.4%, Eastern Europe 18%, Africa 26% and 5% in North America over the last two years.

Niche markets and demolition machines

12/3/15

Csaba Széll, Managing Director of CE LAND Asset Management Ltd, clearly likes challenges: he set up a business in the middle of the crisis to succeed in providing a service more or less unknown in Hungary. He probably made the right decision given that he started on his own in January 2011 and now his company employs eight people.

Low calorie offices at Budaörs

11/30/15

We met Mr. Hubert Abt managing partner of Property Systems at the handover ceremony of their new Business Center, located at Terrapark, Budaörs. It’s a different product - he says, when we ask him to compare this to competitors, but even to his own R70 or Anker business centers.

Marcin Łapiński appointed Managing Director at Skanska Property Romania and Hungary

11/24/15

Following 1st January 2016, Marcin Łapiński, currently Managing Director at Skanska Property Romania, will take the corresponding position at Skanska Property Hungary. Furthermore, Zoltán Linczmayer and Aurelia Luca will be nominated for the newly established roles of Country Directors in the company’s both Hungarian and Romanian units respectively.

60% of jobs in 2025 have yet to be created

11/24/15

Technology will have a profound effect on future employment and the workplace according to a newly launched report from global real estate advisor, CBRE, called ‘Real Estate and the Community – Mapping Outcomes for the Future’.

Skanska sells Building B of Green Court Bucharest office project to Globalworth Real Estate Investments for EUR 47 M

11/10/15

Skanska has sold Building B of the Green Court Bucharest office complex. The property has been acquired by investment company Globalworth Real Estate Investments, which already owns Building A. The Green Court Bucharest scheme is Skanska’s first office development in Romania.

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