January 23, 2019 – Codic International, the Brussels-based developer, announced that construction has commenced on the office component of Green Court, their latest mixed-use development to be realized in partnership with the Hungarian Pesti Házak and the Austrian Venta Group. The project is located in Budapest on Dózsa György út, the new focus point of the inner Váci corridor. The project incorporates Green Court Office, a 21,000 sq m GLA premium office development, and Green Court Residence, comprising two residential buildings with 275 apartments. The apartments will be occupied by the end of this year, and the office project is scheduled to be handed over in 2020 Q4. Colliers International and Jones Lang LaSalle have been appointed co-exclusive leasing agents for the office development.
January 4, 2019 - Indotek Group has come to an agreement with CA Immo on the purchase of the 16,500 sqm DunaCenter retail park in the Hungarian city of Győr in November 2018. The seller was represented by Colliers International during the deal.
November 28, 2018 – GTC’s latest development, GTC White House has achieved the highest, Platinum Certification level under the LEED for Building Design and Construction rating scheme. As of today, this is the second office building which was awarded with the prestigious, highest level certification in Budapest. The certification process was advised by Colliers International Hungary’s Green Building Advisory Team.
November 20, 2018 – Colliers provided comprehensive project management and technical supervision services for CarNext’s latest car dealership in Budaörs.
October 11, 2018 – Short and long-term European rates are expected to be benign for the foreseeable future limiting any negative impact on property markets, despite news of the recent bond sell-off in the US which could signify an end to the very low interest rate environment that has dominated the current property cycle. Strong occupier expansion, low vacancy rates and limited development pipelines have supported a gradual shift in market conditions to favour landlords, resulting in rental growth and stability across the majority of European markets during 2018. This has supported property values and returns, despite yields being at their cyclical peak, a situation likely to continue into 2019, according to Colliers International’s latest Capital Flows Report.
October 9, 2018. – According to Colliers International’s EMEA Industrial & Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in 1H 2018, up from 35% in 2H 2017, driven by positive occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU.
September 26, 2018 – Airbnb activity in Budapest shows strong growth in overnight stays in 2017, reaching almost 1.5 million, which represents an increase of 35% y-o-y. The top 3 neighbourhoods (District V, VI and VII) account for 69% of the total Airbnb bookings in Budapest, says the latest Budapest city report on Airbnb released by Colliers International and Hotelschool The Hague. All data is directly provided from Airbnb through AirDNA’s authentic source.
Budapest, 28 August, 2018 - A strong increase in new supply is expected in the upcoming two years, however, most submarkets will still face rental growth in 2018. Sustained rental growth for Class A properties across all submarkets - except the Periphery - is forecasted. Rental growth in the Class B market is expected to be more moderate, driven both by Hungarian firms entering the institutional market and multinational firms seeking lower cost office options, according to Colliers International's latest, mid-year office market report.
Budapest, August 14, 2018 – Polish volumes were the drivers of the momentum in the first half of the year. Slovakia saw a rebound in deals whilst Hungary and Czechia saw much slower flow than a year ago, reveals Colliers International, the global industry-leading real estate services company, in its latest 2018 mid-year CEE Investment Scene.
August 7, 2018 – Colliers International announced today it has agreed to consolidate its business in the Czech Republic with the THREESIXTY Agency, bringing to Colliers their extensive pipeline of deals, relationships and successful track record. The THREESIXTY partners Tewfik Sabongui and Petr Žalský will become equity partners of Colliers International, Czech Republic, with Tewfik Sabongui taking on the role of Managing Partner and Petr Žalský in the role of Director of Office Agency. All other THREESIXTY employees have also joined Colliers, effective immediately.
August 2, 2018 - Very low unemployment, dynamic growth, emigration and the fast development of the service sector have created acute labour shortages in the CEE-6 region suggests Colliers International, global industry-leading real estate services company, in its latest research report.
July 9, 2018 – Colliers sold the former Remy Automotive industrial site in Mezőkövesd to Kiss és Társa Ltd, a local entrepreneur in the iron/metal business. The site has approx. 16 000 sqm buildings on a 13.6 ha plot and will be used for iron/metal production and warehousing purposes. Colliers represented the Vendor, BorgWarner, the widely known, major automotive supplier during the transaction.
Budapest, June 4, 2018 - Celanese Corporation has become the first tenant of the Erste Open-Ended Real Estate Fund’s recently completed Promenade Gardens office building, with Citibank Europe due to set up its 8,000 sqm office in the building, developed by Horizon Development, from December 1.
May 23, 2018 – The CEE hotel market experienced rapid growth in the last three years both in terms of hotel performance and transaction volume due to the dynamically expanding tourism industry. Within the region, the Budapest hotel market has seen exceptional growth, as its RevPAR (revenue per available room) growth outpaced the key regional capital cities, according to Colliers International's latest hotel market study.
May 16, 2018 – After being fully let for over 10 years, Budapest’s first office building is on the market again. With its exceptional location in the middle of Váci utca, the premier pedestrian area of Downtown Budapest, the Zászlós Office Building is a real gem and one-of-a-kind opportunity on the office market. Colliers Office Team has been exclusively appointed to lease the building which will be available for occupancy from the first quarter of 2019.
April 25, 2018 – Colliers International and international law firm CMS has recently released their second annual report, ‘CEE Office Real Estate Compass: Is your workplace Millennial-ready ’. The study looks at the changing nature of the workplace in CEE2 and includes a survey of 72 CEE-based professionals drawn from the spectrum of geography and seniority.
March 19, 2018 - Although nearly 120,000 square meters of new industrial / logistics space was delivered in 2017 - almost the double of the figure delivered in 2016 - it may still occur that by the end of the year the available warehouse units with 5,000 square meters space will disappear from the Budapest market and its surrounding area, according to Colliers International's latest industrial property market report.
26 February, 2018 – Although offices still comprise the majority of certified green buildings in Hungary, other types of properties are increasingly being certified, according to Colliers International’s latest Green building market report.
February 13, 2018 – Colliers International Hungary is pleased to announce, that Erika Valálik joined the Industrial Agency Team as Associate, from February 2018.
January 17, 2018 – Colliers REMS Hungary has been assigned by Skanska for the role of property manager for Mill Park Offices, from 2018.
A Diófa Alapkezelő Zrt. megvásárolta a Huncargo Holding Zrt. soproni logisztikai parkját, amelyet az eladó a továbbiakban bérel és üzemeltet. Az eladót a tranzakció során a Colliers International képviselte.
October 10, 2017 – Ágnes Szentpály has been appointed new Head of Property Management for Colliers in Hungary, per November 2 of this year.
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
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