ARTICLES LABELLED WITH TAG Hungary

Industrial developer HelloParks will use the €82 million (approximately HUF 30 billion) loan to build its industrial and logistics park in Maglód which is being developed in several phases. The next, second building is planned to be handed over in the last quarter of 2022.

Zoltán Fekete was appointed the President of the Management Board of GTC. Previously, he has served the company as the Chairman of The Supervisory Board for two years. In the new role, Mr Fekete will steer all GTC’s operations in the region.

Pál Darida, Director of Transactions and Financing at Futureal Group, passed away on Monday, the group announced. 

The aquisition aims to strengthen the position of the group in retail and office market and is subject to approval by Hungarian Competition Authority.

Romanian e-commerce player eMAG is investing in a new warehouse spanning more than 100,000 sqm near Budapest, which is the company’s first development of this kind outside the country. 

GTC has handed over the Pillar office building in Budapest which will almost fully be occupied by ExxonMobil. This BTS project was the biggest pre-lease ever (29,000 sqm) on the Hungarian office market.

Futureal-Cordia-HelloParks Group and its employees have made a number of commitments to help refugees from Ukraine.

The logistics arm of Biggeorge Property will start a huge project on the outskirts of Budapest, the company announced on LinkedIn. The complex is aimed to serve different clients with different needs. 

CPI Property Group has committed to significantly reducing its portfolio’s carbon footprint and, at the same time, encourages its tenants to do the same. The Group also invests heavily in special building management systems to reach sustainable operation even faster, says Mátyás Gereben, Country Manager at CPI Hungary who talked to Property Forum about the company’s asset management strategy on the local market.

Duna House has released its monthly transaction estimate, showing that there were 13,793 residential property transactions in Hungary in February 2022. While this is 5 percent lower than in February 2021, it is 5 percent higher than the results of the same month in 2020.