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Airport City Logistics Park ʼs new hall tops out

Airport City Logistics Park ʼs new hall tops out
The E-F hall of the newest "big-box" building of CPI Property Groupʼs Airport City Logistics Park, which will be delivered in Q1 2019, had a topping out ceremony after reaching its highest point, according to a press release sent to the Budapest Business Journal. Read more

Agora Budapest to host Raiffeisen

Agora Budapest to host Raiffeisen
International real estate developmer HB Reavis has announced that Raiffeisen Bank Hungaryʼs HQ will be moved to the Agora Budapest complex on Váci út, with the bank set to rent 20,000 square meters of office space in Agora Tower, says a press release sent to the Budapest Business Journal. Read more

Skanska delivers Mill Park office complex

Skanska delivers Mill Park office complex
Budapestʼs Mill Park office complex, Skanskaʼs eighth development in Hungary, has been officially opened, with lease agreements signed for 90% of the premises, according to a press release sent to the Budapest Business Journal. Read more

Eiffel Square Office Building gets terrace renovation

Eiffel Square Office Building gets terrace renovation
Eiffel Square’s park and the Office Building terraces have been fitted with a new, future-proof and environmentally friendly wood-plastic composite (WPC) deck flooring on 1,500 square meters, available to both tenants and park visitors, according to a press release sent to the Budapest Business Journal. Read more

MOM Park sale transaction completed

MOM Park sale transaction completed
Real estate developer and investment company Wing Zrt. announced on Friday the sale of the MOM Park shopping mall and office property building complex in Buda. The value of the transaction has not been disclosed. Read more

Construction starts on Budapestʼs Millennium Gardens office complex

Construction starts on Budapestʼs Millennium Gardens office complex
TriGranit has announced the start of construction of its new "Class-A" office development, Millennium Gardens, which is the final element of the Millennium City Center in Budapest.  The completion is expected by 2020 and will provide a leasable area of 37,000 sqm. Read more

Etele Plaza shopping mall construction begins

Etele Plaza shopping mall construction begins
Futureal Group has begun construction of the Etele Plaza mall in Budapest, near the Kelenföld railway station. The shopping and entertainment center, with a gross building area of 155,000 square meters, will be the biggest of its kind on the Buda side of the city. Read more

Atenor Group lays cornerstone of major office complex

Atenor Group lays cornerstone of major office complex
Belgian real estate developer Atenor Group Hungary laid the cornerstone of a 72,000 square-meter office complex, dubbed Aréna Business Campus, in Budapestʼs District 8 on Wednesday.  Work is set to begin on the cityʼs Hungária körút thoroughfare within a few weeks. Read more

Budapest commercial property rents on the rise

Budapest commercial property rents on the rise
Over a two-year period until the end of 2017, typical rents for commercial properties in Budapest increased by more than 15%, a relaunched survey by the National Bank of Hungary (MNB) and the Royal Institution of Chartered Surveyors (RICS) has found, as reported by national news agency MTI. Read more

Atenor hands over Váci Greens building ‘D’

Atenor hands over Váci Greens building ‘D’
Belgian real estate developer Atenor has delivered the fourth phase of its Váci Greens office complex, building "D." All four of the buildings completed thus far have already been sold. The fifth and sixth phases, buildings "E" and "F," are set to be completed in the following 2-3 years, according to a press release sent to the Budapest Business Journal. Read more