News in 2016

News and press releases in 2016

  • Skanska sells and develops in Budapest

    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.

  • Stable increase on the industrial market

    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.

  • Park Atrium - the iconic headquarters building in Budapest is sold

    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.

  • New Creative Loft Offices attract TransferWise as first tenant

    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.

  • New Loft Offices opened in Óbuda

    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.

  • Shared service centers dominate office demand

    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.

  • Pódium Office building fulfilling generation Y/Z needs

    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.

  • Colliers International Awarded Global Property Mandate for Ramboll Group

    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.

  • New Associate Directors at Colliers’ Hungarian Office

    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.

  • Green certification of own office on reasonable price

    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.

  • New Director of Valuation at Colliers’ Hungarian Office

    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.

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