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Articles - ingatlanpiac

IMMOFINANZ continues sound prior year development in first quarter of 2019

5/29/19

Rental income improved by 10.5% (including the effects from the initial application of IFRS 16), respectively by 4.1% (excluding IFRS 16 effects) to EUR 65.2 million. Results of operations rose by 3.7% to EUR 36.8 million and sustainable FFO 1 (before tax) from the standing investment business climbed 35.0% to EUR 28.1 million. Net profit also increased significantly year-on-year to EUR 30.4 million in the reporting period (Q1 2018: EUR 1.0 million).

S IMMO is in the fast lane

5/23/19

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.

WING now owns Liget Center Office Building

5/7/19

Hungary’s property market leader, WING, has purchased the Liget Center Office Building located next the City Park (Városliget) in Budapest. The property consists of a 7,000 sqm office building and a nearly 3,800 sqm auditorium. WING intends to upgrade the building’s services, implementing value-added features and finding a new function for its auditorium, which is currently vacant.

New Associate Partner Appointed at Horizon Development

5/3/19

The Horizon Development Board is now complete with new associate partner Gabriella Sasvári, who will also continue in her current position as development director.

Student accommodation in CEE: The next big thing?

4/25/19

A new report by Colliers International and international law firm CMS has revealed that Central and Eastern Europe may be facing a significant shortfall in student housing in the next 10 years

FY 2018 in HUNGARY as of 31 December 2018

4/11/19

FY 2018 in HUNGARY as of 31 December 2018

ATENOR starts a new office development project in Buda

3/27/19

ATENOR has signed an agreement, relating to the acquisition of more plots in the 3rd district of Budapest, Becsi street 68-80, totalling an area of approximatively 5,000 m².

ConvergenCE acquires Árpád Center office building in Budapest

3/25/19

The boutique investor, asset and property manager ConvergenCE has closed the acquisition of the Árpád Center office building in Budapest. The multi-let office building totals 5,400 m2 with 63 parking spaces and is located at the foot of the Árpád Bridge in a strongly developing office hub. This is the third in-house investment by ConvergenCE.

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