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Articles

Eiffel Palace: the real estate success story of the year

The elegant and sustainable prestige office building in CBD Budapest proved to be the best in two categories at the Office of the Year 2014 Competition. Horizon Development managing partners Attila Kovács and Balázs Czár were called on stage multiple times last week at the 5th Office of the Year Awards Ceremony.

CBRE Hungary Appoints Krisztina Leiszter as New Senior Valuer

CBRE announced a new appointment to strengthen its Valuation Team in Hungary. Krisztina Leiszter joins the firm as Senior Valuer from February 2015. She brings more than a decade of professional experience to the Budapest team of the world's leading property adviser.

CEE COMMERCIAL REAL ESTATE INVESTMENT UP 28% YEAR-ON-YEAR

Commercial real estate investment in Central & Eastern Europe (excluding Russia) rose 28% year-on-year and reached just over €7.7 billion in 2014 according to the latest research from CBRE. Poland retained its leading position, with investment volume close to €3.1 billion for the 12 months to 31 December 2014, a similar level to that of the last four years. An additional €2.3 billion was traded in Russia, compared to €5.3 billion in 2013.

Uantitative easing to further boost real estate markets

Cushman & Wakefield’s EMEA Capital Markets team have today released their assessment of the ECB’s announcement with respect to quantitative easing in the eurozone.

TPG & PAG Consortium Completes Acquisition of Cassidy Turley

CHICAGO, Jan. 5, 2015 – DTZ, a global leader in commercial real estate services, today announced that Cassidy Turley and DTZ are now operating as a single global firm following the completion of the acquisition of Cassidy Turley by the private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. The consortium acquired DTZ in November 2014.

New tenant on Váci corridor

BC140 welcomes a new tenant, Főber Zrt. The company signed a lease agreement for almost 1 400 sq m office space situated on the popular Váci street office corridor. The owner was represented by DTZ.

London remains world’s most expensive office market

Three of Five Priciest Markets are in Asia, five of 10 Fastest Growing Occupancy Cost Markets are in U.S. London’s West End remained the world’s highest-priced office market but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.

Eiffel Palace wins three prizes at FIABCI Hungary Prix d’Excellence Awards

The prestigious downtown office building, Eiffel Palace, received triple recognition last week at the FIABCI Hungary Prix d’Excellence Awards Ceremony. The competition and the event were both held by the Hungarian FIABCI Chapter and the Hungarian Real Estate Association, and endorsed by Mr. Zsolt Füleky Deputy Secretary of State for Architecture.