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The Office Market in Budapest is Heading to New Heights

Apr 24th, 2019
In the Budapest office market, the vacancy rate is only 7.1 percent. There is a demand for nearly 80,000 square meters in the first quarter of 2019, which is 12 percent less than a year ago. The stock may grow in the coming quarters despite the fact that no new office has been handed over in the...

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Appeninn Purchases Office Building in Budapest

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

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...
Invest in real estate in Hungary

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...
Leading IT companies are building new headquarters

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...
kopaszi gát

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,...
conference room

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...
electric ford

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...

Morgan Stanley has a wonderful new office at the shores of the Danube

Jul 5th, 2016
Morgan Stanley has expanded its Budapest headquarters with additional office spaces. The new addition, situated in Millennium Towers’ Building I., is supporting the appropriate functioning of the company’s Hungarian subsidiary, while also providing an opportunity for further growth. The new office was inaugurated by the global corporation’s two international senior officials: Sue Watts, the CAO of the EMEA region, and Steve Lieblich, the Global Director of the company’s Technology Division.   “...

What will become of Bem Palace?

Jun 20th, 2016
On June 2nd, 2016, the Government Office of the Capital City Budapest and its Department of Cultural Heritage, part of the Major Department of Architecture and Cultural Heritage, Authority, Education and Legal Control, as the inspection body, has withdrawn the building consent regarding Bem Palace Project, issued in September 2010 by the Central-Hungarian office of the National Office of Cultural Heritage. HB Reavis Group has immediately stopped the ongoing demolition works after receiving the...
infopark

Deeply hidden gems in Budapest’s office blocks

Jun 15th, 2016
Prepare to learn about office blocks in Budapest with beautiful parks and gardens in this article – these areas have become the symbols of new workplace trends and tendencies, as employees’ wellbeing is determined by a healthy work environment, motivation to exercise and (a possibility of) relaxation. Infopark Office blocks and districts always have an advantage compared to “standalone” buildings, as there’s always an opportunity to connect the separate complexes with parks and green areas....

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