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How businessmen can enter Hungary now?

Sep 16th, 2020
Crossing the Hungarian borders is restricted from 1 September to most foreign nationals. The good news is that you can get an entry if you visit Budapest because of your business. Let us guide you with the latest news and all the necessary steps. UPDATED: 22.09.2020 Do you have a...

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What's the Role of Váci Road Office Corridor in the Hungarian Economy?

Feb 17th, 2020
Companies with their headquarters located in Budapest between Nyugati Railway Station and Újpest Center metro station in Váci Road, play a huge role in Hungary’s economy. Most of the companies here offer services, with only a negligible amount of manufacturing, making them less eye-catching than a car manufacturing company. The G7.hu analysis shows 763 companies in this part of Budapest with sales of at least 50 million HUF in recent years. These companies accounted for 3 percent of the...

It Could be the Largest Shopping Mall in Budapest

Jan 28th, 2020
With the expansion planned to Arena Plaza, it is on a pathway to become the largest shopping mall in Budapest. Symmetry Arena Property Management Ltd. has applied for a permit to expand the Arena Mall, according to HVG. If this project is realized, it will be Hungary's largest shopping mall, overtaking Westend’s place. With the planned expansion of 18,000 square meters, the store will expand from 42,000 square meters to 1.5 times its floor area. This would increase the built-up area to a total...

These Office Buildings are Rated the Best on the Budapest Office Market

Dec 12th, 2019
For the tenth time, the Portfolio Property Awards were awarded at the Portfolio Property Investment Forum. Projects under and above 10,000 square meters were rated by a seven-member jury. Advance Tower II. and the Budapest ONE office park made it to the very top of the list. The jury members included Gyula Ágházi, Gábor Futó, Dániel Jellinek, Attila Kovács, Tibor Nagygyörgy, Noah Steinberg and Sándor Scheer. Office Project of the Year Under 10,000 Sqm: Advance Tower II. (Developer: Futureal)  ...

Office News: Tenants are Increasingly Occupying Spaces

Dec 5th, 2019
The number of vacant offices in the Budapest rental market is minimal. In the third quarter, the vacancy rate did not exceed 5.9 percent, according to the Budapest Real Estate Consultants' Consultation Forum (BIEF). Contrary to last year's and first quarter of this year's trend, in the third quarter, the North Buda submarket had the smallest vacancy, only 2.9 percent unused. In the third quarter of 2019, two office buildings were added to the Budapest office stock. These include the Hungária...

The Roosevelt Office Building Changed Hands

Oct 15th, 2019
OTP Real Estate Investment Fund is expanding its portfolio with a prestige office building by acquiring the Roosevelt Office Building on Széchenyi Square. This is one of the most excellent office buildings in Budapest. The premium 26,000 squaremeters property was purchased by OTP Group Real Estate Fund in one of the most significant transactions in the CEE real estate market with GLL Real Estate Partners (GLL), a Munich-based fund manager in the Macquarie group. The OTP Real Estate Investment...
Liberty Office Building

Construction of the Liberty Office Building has Begun

Sep 20th, 2019
WING Zrt. started the construction of Liberty office building in early September. The new building will be located next to Telekom's headquarters on eight floors and 42,000 square meters. Premium offices and retail space will be available to tenants. Colorful "baguettes" placed on the facade of the building and unique terraces overlooking the park give character to the building. Under the office, there will be a four-storey underground car park that can accommodate 680 cars and 280 bikes in...
what is the ideal office

What Is The Ideal Office?

Aug 29th, 2019
The value of human labor is increasingly appreciated, and labor shortages are a constant problem in Hungary, not only in the construction industry. This is the reason why employers create a better working environment for their employees with better salaries. Together with the four office buildings handed over in the past 3 months, modern office space in Budapest has grown to 3,654,180 square meters, according to BRF. The vacancy rate fell to 6.3 percent, which represents a quarterly decline of...
Czech Project Árpád Bridge

A Grandiose, New Project Could be Constructed at Árpád Bridge

Aug 15th, 2019
The office corridor in Váci út is being expanded by another project. The development belongs to the Czech-based UID group, which will continue their expansion in the European office market. In two years' time, the 80,000 square meter office projects development will begin, according to CIJ Europe. The Czech development company has purchased a 2 hectare site near the Pest bridgehead of the Árpád Bridge to carry out the project. The project will be known as Süllő and will cover approximately 80,...
millennium gardens visualization

Millennium Gardens is being prepared

Jul 24th, 2019
The Millennium Gardens office building is in the construction phase. Bayer Construct Zrt. is carrying out the structural work, the building is expected to be handed over by mid-2021, but the ground floor may be completed this year, according to TriGranit's announcement. "At the end of June 2019, the civil engineering works of the Millennium Gardens office building on the banks of the Danube were completed and, during this phase of the construction, Swietelsky Ltd. handed over the site to Bayer...
atenor office south buda

A New Office Building Will be Constructed in South Buda

Jul 22nd, 2019
The 5711 square meter site in Hengermalom street 18, district XI., has recently changed owners and was bought by ATENOR. The Újbuda Shopping Center is just 400 meters from the ATENOR-bought area and just 700 meters from the Danube, so it is easily accessible by public transport and car. The Infopark and Budapark are also close by. It is one of the most popular parts of the city because of its huge green areas and good transport. The M1 and M7 motorways are also easily accessible from here. The...

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