News in 2017

News and press releases in 2017

  • Colliers appoints new Head of Property Management in Hungary

    October 10, 2017 – Ágnes Szentpály has been appointed new Head of Property Management for Colliers in Hungary, per November 2 of this year.

  • Record low vacancy rate on the industrial market

    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.

  • TREI Real Estate successfully exits from its Hungarian investments selling 40 Spar supermarkets to Erste Asset Management

    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.

  • Michael Smithing returns to the Hungarian office market

    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.

  • Colliers sells Scanfil building in Biatorbágy

    June 21, 2017 – The Industrial division of Colliers International Hungary sold the Scanfil building in Rozália Park to Reál food store chain.

  • New, Class A office building to be built in Debrecen

    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.

  • Investment in CEE Real Estate in 2017 is likely to surpass a record breaking 2016 year

    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.

  • World leading company’s subsidiary moved into the logistics center of IPD Group’s South Base I.

    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.

  • The Changing of the Guard: New Trends in CEE Investment

    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”.

  • Blue Cube welcomes pharmaceutical system house, Novodata

    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.

  • Luke Dawson appointed Managing Director & Head of Capital Markets for Central & Eastern Europe

    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).

  • New Property and Center Manager at KÖKI Terminál

    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.

  • IT Services Hungary selected Mill Park, the new office complex of Skanska for its new HQs.

    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.

  • A remarkable year of the Hungarian commercial property market

    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.

  • Colliers sells former Bricostore outlet in Törökbálint

    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.

  • New professionals joining the Investment Team at Colliers Hungary

    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

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