News

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

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

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

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

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

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

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

Futureal starts last office project on Corvin Promenade

Hungary-based property developer the Futureal Group has commenced development of the final office complex, Corvin7, on the Corvin Promenade development in Budapest, the company told the Budapest Business Journal. Read

FLE portfolio value reaches EUR 1 bln, with 98.5% occupancy

FLE GmbH, a member of the LFPI group, says that the occupancy rate at its portfolio in Austria, Germany and Switzerland and in CEE has risen to 98.5%, with the overall value reaching about EUR 1 billion. Read

Cordia building tallest residential project so far in Warsaw

Cordia, the Hungary-based Futureal Groupʼs residential development subsidiary, has started building its highest residential building project in Warsaw, named Horyzont Praga, bringing 164 apartments on 18 floors right next to the river Vistula. Read