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Codic launches ʼHomeWorkʼ building rehabilitation project

Codic launches ʼHomeWorkʼ building rehabilitation project
Codic Hungary has announced a new real estate project named "HomeWork" aiming at rehabilitating and repurposing a historic school building and its vicinity in Margit körút, while creating some 1,300 sqm of green space, according to a press release sent to the Budapest Business Journal. Read more

Futureal starts construction of Corvin Innovation Campus

Futureal starts construction of Corvin Innovation Campus
Futureal Group has launched the construction of Corvin Innovation Campus, an office complex equipped with contactless technology offering almost 30,000 sqm of gross leasable area, according to a press release sent to the Budapest Business Journal. Read more

Budapest modern industrial stock up 40,010 sqm in Q1

Budapest modern industrial stock up 40,010 sqm in Q1
The total modern industrial stock in Budapest and its surroundings stood at 2,286,970 sqm at the end of Q1 2020, up 40,010 sqm compared to the previous quarter, according to data by the Budapest Research Forumʼs (BRF). Read more

5 things you may be doing differently when back in the office

5 things you may be doing differently when back in the office
Have you ever thought about how many of our daily activities are driven by habits and ingrained routines? We don’t even think about pressing the buttons on the coffee machine a couple of minutes after entering the office. When bustling in the workspace on busy days, we follow known shortcuts from one meeting room to another to save us time while grabbing an apple for a quick snack in the kitchen. Read more

Atenor completes Budapest building

Atenor completes Budapest building
Belgian developer Atenor completed the construction of Aréna Business Campus Building “A” in Budapest. The project, launched in spring 2018, will comprise four Class A+ environmentally conscious office buildings on 72,000 sqm on the capital’s Hungária Boulevard. The authorization of the occupancy permit for Building “A” is currently under process with the handover of the 21,000 sqm building scheduled for June. In parallel, the construction of the second, Building ”B” is in full swing and will be completed in Q2 2021. Read more

Coronavirus Will Accelerate Trends in Commercial Real Estate, Says NAIOP

Coronavirus Will Accelerate Trends in Commercial Real Estate, Says NAIOP
NAIOP, the Commercial Real Estate Development Association, is predicting that the coronavirus outbreak will accelerate trends that had been forming in commercial real estate and cause dramatic changes in the industry faster than had been anticipated. The crisis will result in some short-term contractions in the industry, but will lead to a long-term expansion for commercial real estate generally, particularly in the industrial and warehouse sector.   Read more

High number of offshore companies in real estate sector

High number of offshore companies in real estate sector
The number of offshore companies in Hungary has halved in seven years, but this does not mean that concealment and tax optimization have been reduced, says azenpenzem.hu.  Read more

Budapest modern industrial stock nears 2.25 mln sqm

Budapest modern industrial stock nears 2.25 mln sqm
The Budapest Research Forum (BRF) says that total modern industrial stock in Budapest and its surroundings stood at 2,246,960 sqm at the end of Q4 2019. Read more

Millennium Gardens construction reaches ground floor level

Millennium Gardens construction reaches ground floor level
The construction of Millennium Gardens, TriGranit’s newest office development in Budapest, has reached the ground floor level, the developer tells the Budapest Business Journal. Read more

ExxonMobil to move into GTC Pillar office building

ExxonMobil to move into GTC Pillar office building
The ExxonMobil Global Business Center has signed a lease agreement, involving the entirety of the GTC Pillar office building, currently under construction and due for delivery early Q1 2022, according to a press release sent to the Budapest Business Journal. Read more