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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...
Liberty Office Building

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Ideal Offices – Where Working is a Pleasure

Ideal Offices – Where Working is a Pleasure - Part One - Standing Desks

Apr 25th, 2017
Average office life has dramatically changed in the past 20 years. Offices with rooms for a few people and with spacious rooms for the leading staff have been exchanged for working spaces with capacity of even 60-70 people in a single room. Today there are several types of offices available for office rent in Hungary too. Moreover, there are not only the traditional sitting workstations but offices with both sitting and standing desks can be bought or hired. In this mini-series takes a look at...
Creative Coworking Offices

Ideal Offices – Where Working is a Pleasure - Part Two - Creative Coworking Offices

Apr 25th, 2017
Today there are several types of offices available for office rent in Hungary . Moreover, there are not only the traditional workstations. This mini-series takes a look at different types of offices. The first part deals with the so called coworking offices. Coworking offices involve shared working environment in up-to-date office buildings. It is an attractive solution for work-at-home professionals, independent contractors or smaller businesses and start-ups. Coworking office is also the...
Town-sized Office Complex Has Started on Váci Office Corridor

Town-sized Office Complex Has Started on Váci Office Corridor

Mar 31st, 2017
International property developer HB Reavis has gained planning consent for its next new major development Agora Budapest, situated on Váci road office corridor, which is considered to be the heart of the Hungarian office market. The development called Agora Budapest will offer 136,000 sqm well-designed office space for 12,000 professionals.  Investment enough to build an underground line The expected value of the whole projects is HUF 140 billion - reports Portfolio, a Hungarian economic news...
Hungarian Office Market: 'Best Potential for Growth in CEE’

Hungarian Office Market: 'Best Potential for Growth in CEE’

Mar 27th, 2017
Optimistic expectations about the prospects for Hungarian property market is confirmed by the fundamentals, office market experts concluded at PropertyEU's CEE Investment Briefing in Budapest. Here is a summary from the briefing. ‘Hungary has now become a core market and has the biggest potential for growth in the region,’ stated Vlaho Kojakovic, senior banker (European Bank for Reconstruction and Development, EBRD) in London. ‘The market is awash with liquidity.’ A liquid market is favoured by...
BlackRock - The World's Largest Asset Manager To Open New Office in Budapest

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

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

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

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...

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