ARTICLES LABELLED WITH TAG Hungary

CA Immo has sold a 62,000 sqm land plot close to Budapest Airport to Földfém Kft. and intends to fully focus on the office market in the future. CA Immo was represented by CBRE and Hungarian law firm Cerha Hempel in the transaction.

Hungarian real estate brokerage firm Duna House has bought a loan broker in Poland for €1 million (PLN 4.3 million) and expect the deal to increase the volume of brokered loans in Poland by approximately 60%, the company announced on the Budapest Stock Exchange website.

Värde Partners, a leading global alternative investment firm, entered into a definitive agreement to sell a portfolio of eight luxury hotels operating under The Dedica Anthology brand to Covivio, a European real estate operator, through its subsidiary Covivio Hotels. The portfolio includes New York Palace and New York Residence in Budapest and Carlo IV in Prague.

Property Forum is pleased to announce it is partnering with Unissu, the world’s PropTech marketplace, to launch Connect, the global real estate equivalent of TED Talks. Budapest will be one of the 15 cities globally where hand-picked speakers will record their speeches for a global audience.

CBRE represented Adventum International in the acquisition of the KöKi Terminal shopping centre in South Pest. CBRE also provides property management and exclusive retail leasing and advisory services for the €18 million (6 billion HUF) renewal project of the 66,000 sqm GLA shopping centre

With the payment transferred on 13 December, Wing has acquired a 100% stake in Lisala, which in turn owns a 56 % stake in ECHO Investment, a company listed on the Warsaw Stock Exchange (WSE). This acquisition makes Wing a major real estate firm at the regional level. Supporting Echo Investment’s long-term growth program, Wing enters as a strategic investor. At the operational level, the two companies will continue to operate independently.

From January 2020, Robert Kubinsky, who has been working for the company for 8 years, will step into the CEO shoes to continue delivering the second stage of Agora Budapest in Hungary.

The most active logistics developer in Hungary plans to expand its portfolio by 100-150 thousand sqm every ear. Rudolf Nemes, Country Manager of CTP Hungary talked to Property Forum about the ongoing changes on the Hungarian logistics market.

Balance Hall, a 16,000-sqm office building with a "Very Good" BREEAM certification, has been delivered in early December 2019 on Budapest's Váci Corridor. With this new addition, the Balance Office Park office complex has grown to nearly 35,000 sqm. CPI group reported an over 75% occupancy rate upon delivery, based on already signed contracts.

Construction of the Pillar office building has begun in the Váci Road office corridor area of Budapest. The Class A office building of four blocks is being developed by GTC and will be occupied by ExxonMobil in H1 2022. The office building will contain a two-level underground garage, a café, a restaurant, a nursery, a fitness centre. a conference room and other service facilities. Pillar will have a LEED Gold sustainability certificate. The architectural plans for the asymmetrical and unique building with its wavering forms were designed by the ZDA-Zoboki Design & Architecture.