August 28, 2017 – The industrial real estate market in Hungary hit the vacancy rate of 5.5% in the first half of 2017, which is record low, since it is measured by the Budapest Research Forum (BIEF, BRF). In total, less than 73,000 sq m space is currently vacant in the Budapest metropolitan area of the 1.95 million sq m total modern logistics area, and only four “A” class buildings can offer more than 5,000 sq m contiguous warehouse space. The lack of available space is due to the strong absorption of the last few years, and at the same time there are still limited number of speculative projects in progress or have building permits, says Tamás Beck, Director of Industrial Agency at Colliers International Hungary.
July 10, 2017 - The completion of the largest Hungarian retail portfolio transaction in 2017 happened on the last day of the first half year. TREI Real Estate, the property estate arm of the German Tengelmann Group, successfully sold a portfolio of 40 Spar leased supermarkets to Erste Asset Management.
July 5, 2017 – Colliers International Hungary is pleased to announce that Michael Smithing has returned to the Office Agency Team as Director of Landlord Representation, effective immediately.
June 21, 2017 – The Industrial division of Colliers International Hungary sold the Scanfil building in Rozália Park to Reál food store chain.
18 May, 2017 – The construction of a new Class A office building was announced in Debrecen. The 22,000 sq m office building will be constructed using the latest technical and eco-friendly solutions, and it will be the largest office building in Eastern Hungary. The building, set to be completed in the 3rd quarter of 2018, is designed by Bord Architect Studio; office leasing, green certification and project consultation will be provided by the Hungarian office of Colliers International.
April 12, 2017 – 2016’s record-breaking EUR12.2bn investment in the real estate sector in the CEE region is likely to be surpassed in 2017 – this is according to CEE Real Estate Investment Compass 2017 published by Colliers International, a global leader in commercial real estate services, and international law firm CMS. The sources of investment flows into the CEE region are also expected to remain diverse in 2017, with Asian and CEE investors becoming increasingly active in the real estate market.
March 27, 2017 – Toyota Material Handling Hungary, the material handling division of Toyota Group signed a lease contract early 2017 for a 2,300 sqm warehouse and office space in South Base I., IPD Group’s logistics center in Dunaharaszti. The landlord was represented by Colliers International during the transaction.
March 20, 2017 – Whilst 2017’s volumes from South Africa are not likely to match 2016’s records, the numbers from Asia could well match or exceed last year’s, given the large number of potential sources that capital can hail from in that vast, deep and liquid arena. Asian investors see CEE as a risky higher return diversification opportunity compared to Western Europe according to the report released at MIPIM from Colliers International: „The Changing of the Guard. New trends in CEE Investment”.
March 9, 2017 – Blue Cube offices on the Váci út corridor welcomes Novodata, a pharmaceutical software developer company, leasing over 950 sqm office space. Colliers International represented the landlord S IMMO, while Tower Ingatlan represented Novodata / LX Line within the transaction.
February 28, 2017 – Colliers International today announced that Luke Dawson has returned to Colliers International, effective immediately, in the role of Managing Director & Head of Capital Markets for Central & Eastern Europe (CEE).
February 22, 2017 - Colliers REMS Hungary has been assigned the role of Center Manager including the operational management of the in total 220,000 sqm KÖKI Terminál. The assignment also includes the management and technical support of tenant fitting out works.
February 15, 2017 - IT Services Hungary, the largest ICT employer of Hungary has decided to move its Budapest site to Mill Park, from the second quarter of 2018 and will occupy approx. 17,300 sqm in the second phase of the complex. In the leasing process, IT Services Hungary (ITSH) was advised by Colliers International.
January 30, 2017 – The sound global and domestic investment climate generated a major push in investment activity in Hungary reaching the second highest ever registered annual volume of EUR 1.7 bn in 2016, i.e. 133% up from the previous year. The most popular type of assets were offices with share of 56%, followed by retail at 25% and industrial deals accounted for 11% of the overall volume.
January 23, 2017 – Just before year end Colliers sold the former Bricostore DIY-unit in Törökbálint to Régió, the Hungarian toy company. The building has approx. 12 000 m2 of GLA and will be used by Régió for – according to our information - warehousing purposes.
January 10, 2017 – Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017
December 21, 2016 - Skanska has sold the Nordic Light office building in Budapest, Hungary, to the real estate funds of Erste Alapkezelő Zrt. – one of the subsidiaries of Erste Asset Management GmbH. The value of the transaction is €67 million. The transaction has been recorded in December, with the transfer of the property scheduled for the first quarter of 2017. Skanska has also started its newest office development in the Hungarian capital.
November 21, 2016 - Similarly to other real estate sectors, there is a clearly positive tendency during the last two years in the industrial property market as well. This more intense activity is fuelled by increased number of leasing and sales transactions that resulted into a net absorption rate outpacing the new supply. From a development perspective the market is experiencing a new turn, as a number of speculative projects were initiated again, which was not the case for many years, as since the economic downturn, developers were almost exclusively focusing on build to suit type of projects.
September 29, 2016 – Park Atrium - the iconic headquarters building leased to Deloitte, ING and Roche - was sold last week in what represents one of the most significant recent transactions for the Budapest office investment market.
September 22, 2016 – A creative work process demands for a creative office solution, which is exactly what the complete, newly refurbished Buda Loft Offices could offer to TransferWise. The building opened its doors officially in July, and offers 5 floors with an approximate total of 2,500 m2 for lease. Colliers International Hungary has been appointed as exclusive leasing agents.
September 1, 2016 – With the last works completed in July, the new office building ”Buda Loft Offices” is ready to welcome its new tenants. The offices with its industrial feeling are especially very suitable for advertising, media and creative IT companies. Colliers International has been appointed as the exclusive letting agent on the building.
June 17, 2016 - Shared services centers (SSCs) and Business Process Outsourcing (BPOs) is widely regarded as the major sector with regard to Budapest office demand and take-up along with IT/telecommunications. In this way multi-national companies and organizations are seeking to off-shore the operational elements of companies to countries such as Hungary that are able to provide quality office accommodation, a skilled labor force and good business infrastructure (including an IT, telecommunication and transport infrastructure) at a price significantly lower than Western Europe. In recent years Hungary and CEE countries have successfully promoted themselves as advanced but cost-effective business destinations for SSCs. From a real estate perspective the basis requirement is that there is a stock of well-located class A office space with a premium interiors and public transport links.
June 15, 2016 – Only 6 months after welcoming its first tenants Pódium Office building is now close to an occupancy rate of 60%. Following a complete renovation in 2015 the building located in the downtown theatre district of Budapest has quickly become very popular for companies with a creative and technical background.
London, 11 May 2016 – Colliers International, the global real estate advisor, has been appointed to provide lease administration, transaction management, and strategic consulting services to engineering firm, Ramboll Group.
April 20, 2016 – Colliers International Hungary is pleased to announce, that Tamás Steinfeld has joined the Valuation & Advisory Services Team as new Associate Director, while Leonhard Boom has been assigned to the position of Associate Director and Head of Landlord Representation of the Office Agency Team.
February 24, 2016 – The Hungarian office of Colliers International - as the first European green certified office of the international real estate network - now continues its operation in a Silver level certified office of the LEED for Commercial Interiors system. “The fit-out and the certification of our own office required at least as much attention and work as to fulfill the expectations of our clients.” – said Norbert Szircsák, Senior Associate of Green Advisory Services at Colliers International.
February 9, 2016 – Colliers International Hungary is pleased to announce, that András Dallos has been promoted to the position of Director, Head of the Valuation and Advisory Services Division.
Senior Associate | Hungary
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