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Skanska develops Mill Park with ‘well being’ in mind

Skanska develops Mill Park with ‘well being’ in mind
Skanska is developing its newest Hungarian office complex, Mill Park, following the latest trends of companies consciously striving to create an innovative, comfortable and above all healthy working environment for their employees, according to a press statement sent to the Budapest Business Journal. Read more

Prologis acquires M0 Central Business Park near capital

Prologis acquires M0 Central Business Park near capital
Prologis European Properties Fund II (PEPF II) has acquired the M0 Central Business Park in Hungary from IDI Gazeley, adding 31,443 square meters of distribution space to the Hungarian portfolio of Prologis, according to a press statement sent to the Budapest Business Journal today. Commercial real estate services firm JLL facilitated the transaction. Read more

Commercial real estate investment reaches €270 mln in Q4

Commercial real estate investment reaches €270 mln in Q4
Total commercial real estate investment transaction volume in Hungary reached some €270 million in the fourth quarter of last year, pushing the 2016 volume to above €1.7 billion, the highest annual figure since 2007, according to JLL Hungary’s latest preliminary statistics sent to the Budapest Business Journal today. Read more

Strabag PFS to work on office building management portfolio

Strabag PFS to work on office building management portfolio
Strabag Property and Facility Services Zrt. will further extend the value of its office building management portfolio through an order it has recently received, according to a press statement sent to the Budapest Business Journal. The company will perform the comprehensive management tasks of the buildings belonging to the real estate portfolio of HGA Capital. Read more

TriGránit bags award for Millennium Towers deal

TriGránit bags award for Millennium Towers deal
Hungary’s TriGránit has been awarded this year’s CIJ Award for Investment Transaction of the Year by Construction & Investment Journal (CIJ) for the selling of Budapest’s Millennium Towers in a deal worth EUR 175 million, according to a press statement sent to the Budapest Business Journal today. Read more

Cordia’s Park Residence wins CIJ accolade

Cordia’s Park Residence wins CIJ accolade
Cordia Park Residence, Futureal Group’s Hungarian residential building in the Corvin Promenade, has received a CIJ Award from Construction & Investment Journal, which covers commercial real estate breaking news and current headlines from the CEE, SEE, Europe, U.K. and U.S., according to a press statement sent to the Budapest Business Journal today. Read more

Futureal Group’s Cordia to roll out 1,660 new residential units

Futureal Group’s Cordia to roll out 1,660 new residential units
Cordia, Futureal Group’s residential development subsidiary, has announced the largest roll-out of residential development projects in Hungary by any developer in the last 20 years, according to a press statement sent to the Budapest Business Journal today. Read more

E.ON moves to V17, aided by CBRE

E.ON moves to V17, aided by CBRE
In what it says is the largest tenant move in the Budapest office market thus far this year, a total of 600 employees of energy provider E.ON Hungária Zrt. have moved into the V17 office building on Váci út, taking up their new workplace in three weekends from the end of August, supported by a CBRE project management team, the commercial real estate company said in a press statement sent to the Budapest Business Journal today. Read more

Stop Shop retail parks increasing in Hungary, Slovakia

Stop Shop retail parks increasing in Hungary, Slovakia
With the acquisition of a total of eight locations in Hungary and Slovakia, commercial real estate group Immofinanz is continuing the expansion of its Stop Shop retail park portfolio, according to a press release sent to the Budapest Business Journal today. Total purchase price for these properties of approximately EUR 79 million. Read more

CPI completes warehouse near Budapest airport

CPI completes warehouse near Budapest airport
Real estate firm CPI has finished the construction of a 6,700 square-meter warehouse for BTS Logistics in the Airport City Logistics Park in Vecsés, near Budapest’s Liszt Ferenc International Airport, according to a press release issued today.  Read more