Commercial Site Agency
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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.
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.
Goodman building Hungaryʼs largest warehouse for Auchan
French-owned international retailer Auchan Retail will increase its commercial capacity in Hungary with a new, integrated logistics center at the Üllő Airport Logistics Center near Budapest. The 87,200 square-meter greenfield facility will be the largest of its kind ever built in Hungary.
FLE acquires two office buildings in Budapest
Austriaʼs FLE GmbH has reinforced its position in Hungary by acquiring two new office properties in Budapest on behalf of the Luxembourg-based fund FLE SICAV FIS, according to a press release sent to the Budapest Business Journal.
OTP LAB starts R&D activity in Váci 1
OTP Bank has set up a new, 450 square-meter research and development center in the historic downtown building of Váci 1. The office features a special education center, project rooms and a lecture hall, according to a press release sent to the Budapest Business Journal.
Chinese keen to buy real estate in Hungary
The Chinese are showing a growing interest in buying real estate in Hungary. Last year 40% more Chinese were searching for apartments in Hungary than a year earlier, online news portal index.hu reports.
Government to purchase ‘Whale’ commercial center
The Hungarian government will purchase the "Whale" (Bálna) cultural, recreational and commercial center on the banks of the Danube from the local council of Budapest, János Lázár, who heads the Prime Ministerʼs Office, said at his weekly press briefing on Thursday.
Colonnade Insurance chooses Balance Loft
Colonnade Insurance is to move to the Balance Loft office building on Váci út in downtown Budapest, according to a press release sent to the Budapest Business Journal.
Budapest ʼWhaleʼ may go on sale for HUF 11 bln
Budapest City Council will consider a proposal to sell the "Whale" (Bálna), a cultural, recreational and commercial center on the Pest bank of the Danube, for no less than net HUF 11 billion, a proposal on the agenda for a meeting of city leaders scheduled for Wednesday shows, as reported by state news wire MTI.