Futureal has announced the attraction of new tenants at its Budapest ONE and Corvin Innovation Campus office developments. The two complexes have collectively leased nearly 10,000 sqm of office space, bringing Budapest ONE to 98% occupancy and Corvin Innovation Campus to 86%.
The Magyar Posta Takarék Real Estate Investment Fund (MPTIA), managed by Gránit Asset Management, has made its first international investment, expanding its portfolio and marking a significant step in its growth strategy.
The Hungarian construction industry experienced a mixed performance in 2024, with the final quarter showing a significant increase in the value of started projects, largely due to the Mohács Danube Bridge project.
Industrial developer CTP Hungary has signed a 10-year lease agreement with Zoomlion, which will see the Chinese producer of manufacturing equipment invest €100 million in a new manufacturing facility at CTPark Tatabánya.
In 2024, 13,295 new dwellings were built, 29% fewer than in the previous year. The number of dwellings built on the basis of building permits and simple declarations issued was 20,494, 4.7% fewer than in 2023.
Dr. Dániel H. Nagy, Partner and Head of Tax & Legal Services of Forvis Mazars Hungary, talked to Property Forum about the strong points of Hungary’s tax system for real estate investors and the ESG-based trends shaping the CEE property sector.
The Hungarian government has recognised that Budapest’s municipally owned company exercised its pre-emption right over the Rákosrendező plot. Therefore, the megaproject by UAE-based Eagle Hills Group, dubbed "Maxi Dubai" in the local media, is effectively cancelled.
Hungarian developer Cordia plans to add over 1,000 apartments this year, in Budapest, with three-quarters of this supply hitting the market in the first quarter alone. This expansion will increase the availability of new homes in the city by 20% compared to the end-of-year stock.
Gemini Park Tarnów (southern Poland) is strengthening its offer with a new lifestyle clothing and footwear brand. The JD Sports store, with an area of over 400 sqm, will open to customers later this spring.
Lenovo and Motorola have opened their first showroom in the centre of Warsaw. The new showroom space was created on the ground floor of the Warszawa Hotel, in the historic Prudential building. Lenovo and Motorola took up an area of over 200 sqm on the ground floor of the building.
Catalyst Capital, the owner of Warsaw's Harmony Office Center, has signed an agreement under which premium flexible office operator The Shire—Beyond Coworking will lease approximately 1,400 sqm of space.
New appointments
Cushman & Wakefield has expanded its valuation team with the appointment of Marcin Malmon as Head of Valuation & Advisory and Monika Leszczyk, Deputy Head of Valuation & Advisory, as Head of Business Development.
The Valuation Department at consultancy Savills has strengthened its team. The new members are Karolina Sabatowska-Gomułka as Associate Director and Magdalena Ziółkowska as Consultant.
Bartosz Frąckowiak has become the new head of the CBRE office in Poznań (western Poland). He will be responsible for the integration of all CBRE business lines in the Wielkopolska region.
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