Gary J. Morrell

Office Market

Emphasizing Regeneration and Sustainability

The design competition run by the local chapter of the FIABCI International Real Estate Federation celebrated a landmark anniversary this...

Industrial

Industrial Developers Delivering Sustainability-accredited Warehouses

The international freight and logistics service provider Transdanubia has signed a 24,000 sqm lease in the PT3 hall of HelloParks...

Office Market

BSCs an Essential Part of Budapest Office Market Development

Hungary, and Central Europe in general, has successfully promoted itself as advanced but cost-effective business destinations for international companies looking...

Logistics

WLP and RaktárAD top out Magna International Plant

The Belgian-Hungarian WLP (Weerts Logistics Parks) and RaktárAD have topped out a 40,000 sqm logistics and production plant for the...

Sustainability

Construction Industry Must Move Towards Carbon Neutrality

Debate continues about how international carbon emission reduction can best be achieved in the continuing struggle against climate change. Economic...

Office Market

Investment Volumes Fall Across Central Eastern Europe

CBRE has recorded EUR 350 million in annual commercial real estate investment volume for Hungary as of October, representing a...

Retail

E-commerce and Spending Power Concerns Continue to Constrain Retail Development

Retail and shopping center development remains constrained by the increasing use of e-commerce and concerns over spending power. There are...

Hotels

Hotel Visits Returning to 2019 Levels

Guest nights for Budapest are now returning toward pre-pandemic 2019 levels after COVID, followed by broad geopolitical, economic and financial...

Industrial

Industrial Demand Remains High in Hungary

The industrial pipeline is strong, and demand remains high, although vacancy rates are rising in an uncertain economic environment. Logistics...

Office Market

Limited new Office Development in Budapest

The Budapest office pipeline is limited; builders are exercising caution, and new projects are not being initiated in an uncertain...

Office Market

Developments Still Ongoing in Some Sectors Despite the Challenging Market Environment

While there are substantial pipelines for the industrial and hotel markets in Hungary, things are more limited for offices, and...

Office Market

Developers Juggling Multiple Demands and Challenges

Development in the various real estate markets in Hungary is impacted by concerns about demand and concluding the preleases that...

Construction

Wing Undertakes its 2nd Budapest Airport Hotel Project

Construction has started on a new hotel at Ferenc Liszt International Airport, being developed by Wing in cooperation with the...

Office Market

ConvergenCE Officially Opens the Academia Office Center

The 12,500 sqm Academia office center redevelopment on the Pest embankment of the Danube in central District V has officially...

Residential

Cordia Undertakes new Project as it Sells 10,000th Apartment

Residential developer Cordia International, the residential arm of the Futureal Group, has sold its 10,000th apartment. This is the result...

Real Estate

Hotel Sector Growing With Rising Tourism Numbers

The hotel sector is becoming an ever more popular development and investment option, with the Hungarian capital attracting a rising...

Residential

Residential Becoming a Key Development Sector in Hungary and the CEE

The residential or living sector is playing an increasingly significant role in real estate development and investment markets in Hungary...

Office Market

Budapest has a Limited Speculative Office Pipeline

A limited speculative office pipeline in Budapest is predicted to result in a low supply of quality, well-located contiguous office...

Real Estate

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

Industrial

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Real Estate

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Sustainability

Westend Shopping Center Wins Green Investment of the Year Award

One of the leading Budapest malls, Westend Shopping Center, operated by Gránit Pólus Group, has won the “Green Investment of...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Sustainability

ESG Elements Central to Investment and Financing

Analysts say a sustainable recovery in the investment markets is underway, although investors are more selective in how they allocate...

Sustainability

Accreditation Systems Face More Complex Demands

Developers and asset owners in the region see a growing need for higher-level third-party sustainability accreditations such as BREEAM, LEED,...

Real Estate

Wing Completes Acquisition of Olympia Complex

Wing has acquired the Olympia office project via the purchase from Atenor of a complex spanning approximately 74,000 sqm and...

Logistics

New Delivery at IGPark Nyíregyháza

Innovinia, a leading Hungarian regional industrial developer, has completed construction of the industrial-logistics facility at IGPark Nyíregyháza. The building is...

Real Estate

Rising Tourist Numbers See Hotel Sector Attracting Developers and Investors

The hotel sector is becoming an increasingly popular development and investment option, with Budapest attracting a growing number of visitors....

Hotel Sector Growing With Rising Tourism Numbers

The hotel sector is becoming an ever more popular development and investment option, with the Hungarian capital attracting a rising...

Residential Becoming a Key Development Sector in Hungary and the CEE

The residential or living sector is playing an increasingly significant role in real estate development and investment markets in Hungary...

Budapest has a Limited Speculative Office Pipeline

A limited speculative office pipeline in Budapest is predicted to result in a low supply of quality, well-located contiguous office...

Shopping Development Dominated by Refurbishment and Retail Parks

Shopping center development remains constrained across Hungary and the CEE region given concerns about the economic environment, spending power, and...

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Westend Shopping Center Wins Green Investment of the Year Award

One of the leading Budapest malls, Westend Shopping Center, operated by Gránit Pólus Group, has won the “Green Investment of...

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

ESG Elements Central to Investment and Financing

Analysts say a sustainable recovery in the investment markets is underway, although investors are more selective in how they allocate...

Accreditation Systems Face More Complex Demands

Developers and asset owners in the region see a growing need for higher-level third-party sustainability accreditations such as BREEAM, LEED,...

Interior ESG Elements now Central to the Real Estate Industry

ESG interior elements related to building use trends, design, layout, amenities, and property and facility management are now seen as...

Wing Completes Acquisition of Olympia Complex

Wing has acquired the Olympia office project via the purchase from Atenor of a complex spanning approximately 74,000 sqm and...

New Delivery at IGPark Nyíregyháza

Innovinia, a leading Hungarian regional industrial developer, has completed construction of the industrial-logistics facility at IGPark Nyíregyháza. The building is...

Rising Tourist Numbers See Hotel Sector Attracting Developers and Investors

The hotel sector is becoming an increasingly popular development and investment option, with Budapest attracting a growing number of visitors....