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Articles - irodaház

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.

CBRE: It is a very good time to be a landlord

3/19/19

Mr. David M. Johnston MRICS, Senior Director, Head of Advisory and Transaction Services at CBRE Hungary says that market is enjoying one its strongest spells ever. What are the consequences? Rents are increasing and incentives are shortening. We also discussed changing occupiers’ needs and why the 76th place on Mercer’s Quality of Living list is a good one.

New promotions at JLL’s leasing department

3/6/19

JLL Hungary’s leasing division has strated the new year with new promotions, from this January Krisztina DeákMajor is the head of landlord representation.

IMMOFINANZ increases occupancy rate to record level of 96 per cent

3/4/19

IMMOFINANZ’s portfolio concentration on office and retail properties and the clear brand policy are producing sustainable success: The occupancy rate in the standing investment portfolio continued to improve in 2018 and, at 95.8%*, reached a new record level in the company’s history.

The new headquarters of Raiffeisen Bank will be realised with the assistance of DVM group

2/14/19

The project management division of DVM group won the tender for the full technical tenant representation of Raiffeisen Bank and the technical supervision of the bank’s new HQ offices at Agora Budapest. At the beginning of next year, Raiffeisen Bank will move over 1300 of its employees from two current locations to the first building of the new city center of the Váci Office Corridor, developed by HB Reavis.

Present and future of the South Buda office market

2/13/19

The position of the South Buda office market has drastically changed over 2018. Thousands of office areas were vacated during the year, while the submarket had the lowest vacancy rate at the beginning of the year. South Buda is facing new challenges. The new developments arriving in 2019 are going to create a more diverse situation.

New Work: from now on New Work will play in the European league - at least one new Center each month in 2019

2/11/19

Mr. Hubert Abt managing director of New Work Offices zrt says that Budapest remains the most important market for now, but Poland will take over this role by the end of the year. We also discussed rising fees, tenants’ needs and why good design can not be calculated by ROI.

Atenor dynamically expands, its developments advance at a fast pace

2/8/19

Atenor opened its brand new, super modern, showroom inclusive 760 m2 office in Váci Greens D, thus duplicating its previous size.

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