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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 more

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 more

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 more

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 more

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 more

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 more

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 more

Strabag PFS to work on office building management portfolio

Strabag PFS to work on office building management portfolio
Strabag Property and Facility Services Zrt. will further extend the value of its office building management portfolio through an order it has recently received, according to a press statement sent to the Budapest Business Journal. The company will perform the comprehensive management tasks of the buildings belonging to the real estate portfolio of HGA Capital. Read more

TriGránit bags award for Millennium Towers deal

TriGránit bags award for Millennium Towers deal
Hungary’s TriGránit has been awarded this year’s CIJ Award for Investment Transaction of the Year by Construction & Investment Journal (CIJ) for the selling of Budapest’s Millennium Towers in a deal worth EUR 175 million, according to a press statement sent to the Budapest Business Journal today. Read more

Cordia’s Park Residence wins CIJ accolade

Cordia’s Park Residence wins CIJ accolade
Cordia Park Residence, Futureal Group’s Hungarian residential building in the Corvin Promenade, has received a CIJ Award from Construction & Investment Journal, which covers commercial real estate breaking news and current headlines from the CEE, SEE, Europe, U.K. and U.S., according to a press statement sent to the Budapest Business Journal today. Read more