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CBRE Hungary Moves to Eiffel Palace in the New Year

12/16/14

CBRE Hungary, the local affiliate of the world’s largest property advisor signed a long term lease contract in one of the most prestigious office buildings in Budapest. The company will move its head office to Eiffel Palace in Q1 2015.

Central European Office Market Update

12/11/14

According to Cushman & Wakefield (C&W) the world’s largest privately held commercial real estate services firm’s latest Central European office market update, by the end of September 2014 take-up in the CEE region exceeded 1.17 million sq m compared with only 410,000 sq m of new supply being delivered to the market.

10.000 sqm tenant stays with CA IMMO

12/8/14

New lease contracts signed in the past few weeks cover an office space of all together 3000 sqm and 2500 sqm retail space at Dunacenter. In addition, contracts were renewed with several existing tenants in 2014. Recently, Hewlett-Packard has renewed its 9 500 s qm lease agreement in Bartók Ház office building, while Avon has moved into Capital Square as new tenant. In the January-October period CA IMMO has signed lease contracts for more than 51000 sqm.

Sándor Demján Receives Lifetime Achievement Award in Poland

12/4/14

The representatives of the European real estate sector have gathered for the fifth time at the gala organized by the market leader EUROBUILD Magazine in Warsaw. At the event, the region’s most successful companies, development projects and businessmen are awarded.

Skanska launched its Nordic Light office project in Budapest

11/26/14

Skanska started the construction works of its seventh office building in Budapest. Nordic Light, as it has been named, is being developed on inner Váci road, the main office corridor of Budapest. Phase I is scheduled for completion in the first quarter of 2016.

New green offices in Budapest

11/25/14

Three Budapest office buildings of Raiffeisen Evolution (RE) recently won certifications in Gold by ÖGNI at the end of September. The Austrian Sustainable Building Council awarded REsidence 1 and 2 office buildings and Rumbach Center with the most prestigious recognition. Rudolf Riedl, managing director of RE project development Kft. summarized the recently finished process.

Leasing developments in Business Center 91

11/20/14

The office market has experienced an ongoing recovery in the recent period. This is also reflected by the results of CPI Hungary (former Ablon), as it has increased by 20% within a year the ration of the leased premises in the Business Center 91 Office Building. From the second half of the last year increasing activity on the lease market could be observed, thus time has come, in addition to extensions, for the expansion of leased premises and conclusion of new lease agreements as well.

New director at DTZ Hungary

11/18/14

Global property adviser DTZ is pleased to announce the appointment of Geoff Hargreave to the Business Development Director position in Hungary. Geoff has over eight years property business experience starting as an investment trainee in Manchester and moving to Kyiv where he spent more than six years in the office agency team.

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