ARTICLES LABELLED WITH TAG Hungary

News KÉSZ Group to build new office complex in Szeged
24
Jan
2023

KÉSZ Group to build new office complex in Szeged

by Property Forum
The Hungarian construction firm will offer modern office space after an extensive refurbishment of an educational facility in the downtown of Szeged, an important regional city in Hungary, szeged.hu reports.
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News Property investments in clean energy accelerate over climate neutrality goals
20
Jan
2023

Property investments in clean energy accelerate over climate neutrality goals

by Ovidiu Nicolae
As the European Union has proposed the move towards zero-emission buildings by 2030, a significant portion of the energy consumption of these projects should be covered by energy from renewable sources. This includes renewable energy produced on-site or nearby so property companies are starting to invest in such facilities in a bid to lower operating costs and meet targets under their ESG agendas. The investments in such capacities have been boosted by the high energy price environment and the need of property companies to enhance the security of power supplies.
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News Huge office portfolio to be refinanced in Budapest
19
Jan
2023

Huge office portfolio to be refinanced in Budapest

by Property Forum
Asset management firm Diófa and the Hungarian branch of Erste Bank have concluded a financing deal for seven years. The refinancing contract is worth €73 million, portfolio.hu reports.
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News Krausz Palota to open after refurbishment in Budapest
19
Jan
2023

Krausz Palota to open after refurbishment in Budapest

by Property Forum
The historic building will offer 4,600 sqm of office and 340 sqm of retail space in the very heart of the Hungarian capital. The opening is expected at the end of January.
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News The biggest winners of the M&A wave will be large funds
17
Jan
2023

The biggest winners of the M&A wave will be large funds

by Property Forum
The current economic downturn may result in more mergers and acquisitions in most of the CEE countries. Owners of some hotels and retail centres may divest their assets to minimize loss. Property Forum asked Csaba Polacsek, Partner, Advisory Services at PwC Hungary about the mood of the possible buyers and the remaining risks in the coming years.
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News IAD Investments buys 270,000 sqm of land near Budapest
16
Jan
2023

IAD Investments buys 270,000 sqm of land near Budapest

by Property Forum
Slovak asset management company IAD Investments has purchased nearly 270,000 sqm of land west of the Hungarian capital. IAD Investments joined forces with a branch of one of the largest industrial real estate developers in Europe to develop a completely new logistics park. It will be IAD's second project in the local development market.
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News Limitless Park to be built outside Budapest
16
Jan
2023

Limitless Park to be built outside Budapest

by Property Forum
The logistics facility will offer a total of 65,000 sqm of industrial and office space in Biatorbágy on the Western outskirts of the Hungarian capital.
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News Inflation hits record high in Hungary last year
13
Jan
2023

Inflation hits record high in Hungary last year

by Property Forum
Consumer prices were 24.5% higher on average in December 2022 than a year earlier which is a new record, compared to the last decade. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. Prices increased by 14.5% on average in 2022 compared to the previous year, Hungarian Central Statistical Office reports. 
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News Old HQ of Hungary's Mol sold to Hungarian state
11
Jan
2023

Old HQ of Hungary's Mol sold to Hungarian state

by Property Forum
The biggest company in Hungary got rid of its outdated office complex for HUF 6.3 billion in November last year, investigative news site K-Monitor reports. 
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News Etele Plaza to get BREEAM Very Good certificate in Budapest
10
Jan
2023

Etele Plaza to get BREEAM Very Good certificate in Budapest

by Property Forum
This is the first shopping centre in Hungary to be given such an award in the construction phase. The property, developed by the Hungarian company Futureal was opened in late 2021. 
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Latest news


New leases

  • Nivea Polska/Beiersdorf will open its first office in Warsaw, leasing nearly 400 sqm on the 37th floor of the HB Reavis-owned Varso Tower. The contract has been signed for five years and the office will begin operations in May 2025.
  • Business Link, an operator of flexible space belonging to the Skanska Group, has opened a second location in Poznań. The 1,800 offices are located in the Nowy Rynek complex.
  • Thinslices, a tech company incorporated in Iași, with operations in Berlin, Lisbon and London, has relocated its HQ in Iulius-based UBC 2 office building. The new office spans an area of around 500 sqm.

New appointments

  • Management Board of Globe Trade Centre has announced that on the 3rd of December, the company received a written statement from György Stof on his resignation as a Member of the Company's Management Board.
  • Dom Development has announced changes to its Management Board. Monika Dobosz will become a Member and Vice-president of the Management Board. In this position, she will replace Leszek Stankiewicz, who has submitted a declaration of resignation from this position. Dobosz will be responsible for the company's finances.
  • Dariusz Blocher has resigned from the position of chair of Unibep. The supervisory board has appointed Andrzej Sterczyński as president of the company from January 1st, 2025.

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