Raiffeisen has financed the latest, 25,000 sqm GLA built-to-suite office development from real estate developer, Futureal. The fourth office building of Futureal’s flagship, full-service, 500,000 sqm Corvin Promenade mixed-use city quarter will accommodate the offices...
GTC has acquired Duna Tower, an iconic office building that dominates the skyline of Budapest’s Váci Corridor. Inaugurated in 2006, the 60-meter-high office tower stands on the Pest side of Árpád Bridge. It has 16...
A portfolio of ten hotels spanning Europe’s most sought after cities has been sold by the Austria-based Koller family to a joint venture of the US based hotel owner and operator Highgate Hotels and the...
Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end of 2016 and then to continue declining over the rest of the decade, according to CBRE. In...
According to property adviser Cushman & Wakefield, the outlook is generally positive in the Central European office markets of Czech Republic, Hungary, Romania, Poland and Slovakia. Three out of the five markets are anticipating rental...
HB Reavis has announced the acquisition of plots covering a total area of three hectares located in one of Budapest’s busiest areas, to serve as the location of a large-scale office development project which the...
Increasing investment activity coupled with easing pressure on rents and a sharp drop in vacancy rates on the Budapest industrial and logistics market have been the main observations from experts recently. The long awaited recovery...
Civil engineering and non-residential construction are the sectors most likely to drive Hungarian construction in the coming years. Thanks to the increasing number of tenders in the civil engineering sector, particularly transport infrastructure construction and...
Prologis has announced its first quarter 2015 business activity in Central and Eastern Europe (CEE). Prologis was active in the first quarter. The company acquired a 69,105 sqm logistics park 23 kilometres west of the...
Cushman & Wakefield has secured two premium stores in Hungary for Italian cosmetics brand Pupa. Exclusively mandated by Pupa, C&W has now secured five new stores for the well known retailer in the last five...
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