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Ecodome office building construction begins

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. Read

Gateway Office Park undergoing renovation

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. Read

Debrecen to get speculative new Class ʼAʼ office building

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. Read

Kálvin Square office building reaches 96% occupancy

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. Read

Váci Greens’ Building B occupancy to reach 90% in July

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. Read

Novodata moves into Blue Cube in Váci Corridor

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. Read

Real estate in Hungary and VAT charges

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. Read

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

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

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