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The occupancy rate at Váci Greens’ Building B climbed to 90%

3/30/17

An international service provider will rent a 5200 square meters large office space in building “B” at the Váci Greens office park. With the arrival of the new tenant in July, the occupancy rate of the building will be around 90%. The new large tenant of Váci Greens will move to the Váci office corridor from the city centre.

Rising Construction Costs and Lack of Skilled Labour Force Make Recovery Difficult

3/30/17

The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.

GALCAP EUROPE acquires prestigious building in the center of Budapest

3/13/17

Vienna-based investment manager GalCap Europe has acquired "Merkur Palota" (the Merkur Palace) a fully renovated, prestigious office building in Budapest.

Blue Cube welcomes pharmaceutical system house, Novodata

3/9/17

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.

The Budapest Research Forum hereby reports its Q4 2016 office market summary.

1/18/17

The Budapest Research Forum (hereinafter the ‘BRF’, which comprises CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports its Q4 2016 office market summary.

CBRE appointed as exclusive leasing agent for Millennium Gardens

1/16/17

TriGranit’s latest development, the Millennium Gardens office building is being constructed alongside the Palace of Arts and the National Theatre, on the Danube side of Soroksári road. TriGranit appointed the Hungarian office of CBRE, the world’s leading real estate advisor with the exclusive leasing of the 37,000 sqm office space expected to be completed by 2019.

New professionals joining the Investment Team at Colliers Hungary

1/10/17

Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017.

More than €1.7 billion transacted on the Hungarian commercial real estate market in 2016 with JLL involved in almost 50% of the volumes

1/2/17

During Q4 2016 the total commercial real estate investment transaction volume reached some €270 million in Hungary, pushing the 2016 volume to above €1.7 billion, the highest annual figure since 2007– according to JLL Hungary’s latest preliminary statistics.

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