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CPI Property Group issues European market bonds
Moody’s has assigned a first-time "Baa3" long-term issuer rating to Luxembourg-based CPI Property Group with a stable outlook. The same rating was given to the Group’s bond program.
High yields confirm Eiffel Palace’s market value
Soon after its 2014 delivery, the 125-year-old Eiffel Palace building in Budapest was 100% leased to prestigious local and international companies under long-term contracts. With the second divestment transaction announced last week, Eiffel Palace has generated very high yields, claims a press release sent to the BBJ today.
Vacancy rate on Budapest industrial property market at record low
The vacancy rate on Budapestʼs industrial property market dropped 0.4 percentage points from three months earlier to a record low of 5.5% at the end of the second quarter, the Budapest Property Consultants Coordination Forum (BIEF) said on Friday, Hungarian news agency MTI reported.
Ecodome office building construction begins
Real estate developer Redwood Real Estate Holding has recently started construction on a speculative basis of the 5,000 square-meter, A+ category, LEED Platinum pre-certified Ecodome office building in the heart of Buda, according to a press release sent to the Budapest Business Journal by Cushman & Wakefield, representing the landlord.
Gateway Office Park undergoing renovation
Gateway Office Park, an office complex comprising three towers, is currently being renovated, and works are scheduled to be finished by the first quarter of next year at the latest, according to a press release sent to the Budapest Business Journal by real estate firm CPI Hungary.
Debrecen to get speculative new Class ʼAʼ office building
The building, called Forest Offices Debrecen and set to be completed in Q3 2018, is designed by Bord Architect Studio. Office leasing, green certification and project consultation will be provided by the Hungarian office of Colliers International.
Kálvin Square office building reaches 96% occupancy
ConvergenCE’s Kálvin Square office building of has reached 96% occupancy with 18 tenants, including companies such as Philip Morris Hungary, Faludi Wolf Theiss Lawyers, Aegon Hungary and GEOX, leaving only 136 sqm office space available to be let, according a press statement sent to the Budapest Business Journal.
Váci Greens’ Building B occupancy to reach 90% in July
With the arrival of an unnamed international service provider that will rent 5,200 sqm of office space in building “B” at the Váci Greens office park as of July, the occupancy rate will be raised to around 90%, according to a press statement sent to the Budapest Business Journal.
Novodata moves into Blue Cube in Váci Corridor
Pharmaceutical software development firm Novodata is moving into the Blue Cube offices in the Váci Corridor, leasing more than 950 sqm of office space, according to a press statement sent to the Budapest Business Journal.
Real estate in Hungary and VAT charges
In recent years, real estate transactions in Hungary have accelerated greatly as the housing market steadily continues to rise, especially in the country’s capital, says DLA Piper Hungary.