The Latest News of the Office Market
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How businessmen can enter Hungary now?
Sep 16th, 2020
Good news: you can still get entry to Hungary if you are planning a business travel from the EU, the European Economic Area and many more countries. You only need documents that verify the purpose of your travel. Let us guide you with the latest news and all the necessary steps. UPDATED...
BlackRock - The World's Largest Asset Manager To Open New Office in Budapest
Mar 1st, 2017
In a joint press conference with Hungarian Foreign Minister Péter Szijjártó and BlackRock - BlackRock, the world's largest asset manager - managing director Patrick Olson, the global investment management company announced setting up an “innovation centre”, a new office centre in Budapest.
What is BlackRock?
BlackRock was founded in 1988 by eight entrepreneurs who wanted to start a very different company: one that combined the best of financial services with cutting edge technology. One that...
Skypark: One of the most significant office rental transactions in the Hungarian office market
Feb 17th, 2017
Futureal Group has handed over the Skypark office building as the latest section of the Corvin Promenade.
The recently finished 25,000 sqm business center boasts the latest technology since it was planned to meet the needs of research and development (R&D), and is entirely occupied by one office tenant. Skypark is one of the most important office rental transactions in the Hungarian office market since the start of the financial crisis.
The building has received BREEAM “Very Good”...
Atenor sells Vaci Greens Top-End Building A
Feb 15th, 2017
Major real estate development company, Atenor has sold building A of Váci Greens in Budapest to a group of private Hungarian investors. The transaction volume was not disclosed.
Building A of the iconic Váci Greens office complex, the first of the three buildings so far built by the Belgian developer in the complex, was completed in September 2013 and contains 15,700 sqm of office space. Building A is currently 88% leased. Tenants include General Electric, Sykes, Enterprise, BNP Paribas Real...
Appeninn Purchases Office Building in Budapest
Feb 13th, 2017
The real estate firm Appeninn is planning to expand its property portfolio in the Hungarian office market. It has just purchased a 3,200 square-meter class “B” office building in Zugló, in a recent move that continues its Hungarian expansion, according to a press statement.
The Appeninn Holding Asset Management Plc. was founded at the end of the year 2009 and by now one of the most dynamically developing real estate investment company of Hungary. The Appeninn focuses on several segments of the...
Budapest Offices Attract American and German Investors
Jan 31st, 2017
Total commercial real estate investment transaction volume in Hungary reached €270 million in the fourth quarter of last year, pushing the 2016 volume to above €1.7 billion, the highest annual figure since 2007, according to JLL Hungary’s latest preliminary statistics.
Offices at Forefront
According to the JLL report during the final quater of 2016, the office asset class generated the largest share of the volumes with 65%, followed by logistics (16%) and retail (15%) asset classes. Here are...
This can be the best time in history to invest in real estate in Hungary - Property Investment Forum 2016
Jan 5th, 2017
The office real estate market is poised to deliver another solid performance as we enter 2017 – was argued at the Portfolio Property Investment Forum 2016, the most important event of the Hungarian real estate market.Demand for office property in Budapest is at its strongest for a decade with a steady level of transactions holding prices firm and rents on the rise, with capital values in the city since the market returned to growth in 2014 tempting investors back into the market.
The whole...
IT Sector Demands Office in Budapest
Sep 8th, 2016
The financial sector dominated the office market in the capital of Hungary before the global economic crisis. The greatest number of new offices were leased by the banks, new prestigious headquarters were built for them. The situation currently has changed: the most influential investors are from the information and communication technology sector. Leading IT companies are building new headquarters, and the globally influential Hungarian companies are moving into bigger offices.
Since the...
Is a Skyscraper Going to be Built at Kopaszi-gát?
Jul 15th, 2016
István Tarlós, mayor of Budapest explained at a press event earlier that he has seen the visualisation designs of the 120-metres high skyscraper planned to be constructed at Kopaszi-gát; in his personal opinion, the location is suitable for construction, similarly to the intersection of Róbert Károly and Váci Avenues, where, according to latest reports, a 90 metres high office building is planned to be developed – reports Hungarian online news portal Index.
According to the site’s information,...
A Major German Investor has Purchased an Office Block Near Nyugati Railway Station
Jul 14th, 2016
KGAL Group, a German assessment management company has purchased Eiffel Square, an office complex situated at the centre of Budapest, from previous owners Europe Capital – announced Dentons, a legal advisor company assisting in the transaction, to the Hungarian Telegraphic Office.
Eiffel Square is a prioritised office property with a ground-space of 23500 m2, situated in the vicinity of Nyugati Railway Station. The complex has an office space of 18500 m2, while it also has a 2100 m2 area used...
Here’s How Ford’s Gigantic Work Campus Will Look Like
Jul 12th, 2016
By showcasing its new gigantic project, Ford Motor has taken on a tough task. The development, situated in Dearborn, encompasses the reconfiguration of several 20th century buildings, merging an area of 800 000 m2 into two modern office campuses for its 30 000 employees.
By remodelling the 70 buildings, a new headquarter and a new product development campus will be opened, which can easily be worthy competitors of Silicon Valley’s tech giants like Google and Tesla, as far as openness and...
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