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Articles - Blue Cube

S IMMO is in the fast lane

S IMMO started 2019 with large-scale transactions in the Budapest property market. Through purchasing a nearly 9,000 sqm plot, the company is preparing the development of a new office complex, while its existing buildings are still close to full occupancy.

S IMMO: further potential in local market

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.

Blue Cube welcomes pharmaceutical system house, Novodata

Blue Cube offices on the Váci út corridor welcomes Novodata, a pharmaceutical software developer company, leasing over 950 sqm office space. Colliers International represented the landlord S IMMO, while Tower Ingatlan represented Novodata / LX Line within the transaction.

S IMMO: 15 successful years on the market

Katalin Sermer, Country Manager of S IMMO Hungary – recently celebrating its 15th anniversary –, says that Budapest has become an investment market again, and the economic recovery seems to be continuing. The company has been prospering well and has made gains for the third consecutive year of success, but not by chance – she added. They were thinking ahead during the crisis, and continuously carried out important developments.

S IMMO office buildings strengthen market position

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.

Colliers and S IMMO join forces

Colliers International Hungary have won two additional exclusive mandate from the S IMMO Hungary portfolio: Podium, the uniquely fully vacant office building in the CBD submarket on the Hungarian Broadway; and Blue Cube, a recently refurbished office building on the Váci corridor, also the winner of „The office building of the year” People’s Choice Award at the 4th iroda.hu Awards Gala.