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New Head of Occupier Services at Colliers International Hungary

9/2/20

Colliers International Hungary is pleased to announce, that Miklós Ecsődi has been promoted to the position of Head of Occupier Services, effective from September 2020.

Companies have to rethink their office needs

8/18/20

Mr. Hubert Abt, CEO & Founder of New Work says that COVID-19 transformed business models overnight. With 90% of the employees working from home, companies have been forced to rapidly change their organizational structures and workflow models. We have also discussed about a possible new market boom of the serviced office, coming recession and why “service” is replacing “office space” at the top of the wish list.

Huge Hungarian success in the FIABCI World Prix d’Excellence Awards

7/22/20

Hungarian real estate developers won two gold and five silver medals in this year's World Prix d’Excellence Awards.

myhive: flexibility is the key in the office market

7/20/20

Viktor Nagy, Country Operations Manager of IMMOFINANZ Hungary said that by reacting immediately to the changing real estate market situation, they gained a significant market advantage. Their tenants appreciate the flexibility of the myhive concept, so a real win-win situation has emerged.

Many companies in the CEE region might consider a hybrid mix of remote and office-based work along with software for management of distributed teams, project management, team management and even skills management in the business.

7/7/20

We expect that a fair amount of market activity in 2020 will come from lease renegotiations and renewals as opposed to new and pre-lease transactions. We might record more sub-leases being offered if companies need to downsize. Tenant covenants will receive additional scrutiny by landlords, banks and investors in order to limit risk to a sustainable income.

Daikin Opens New Showroom in Promenade Gardens

7/1/20

Daikin Hungary set up its state-of-the-art showroom on a 309 sqm ground floor retail area in Tower ‘B’ of Promenade Gardens office building.

GalCap: Real Estate Acquisition in Budapest for German Pension Fund

6/17/20

GalCap Europe, the real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center.

Allianz closes on the Eiffel Square office building in Budapest in a deal structured off-market by JLL

6/5/20

The transaction, one of the largest office deal investments in CEE this year was signed in May and closed in early June. Even if several investment transactions were derailed by the Q2 lock-down in Hungary, the transaction progressed in line with the original time frame.

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