Gary J. Morrell

Sustainability

U.K.’s Breeam Accreditation Dominates CEE Office Markets

The U.K.-based Breeam is the third-party sustainability accreditation system of choice with office developers in Central Europe, according to Colliers...

Sustainability

ESG Offers Sustainable Future for Building, Living and Working in Budapest

A prime issue facing Budapest is how the infrastructure, look and feel of the city can and should be improved...

Sustainability

Sustainability Central to High-end Investment Deals

In addition to a market correction, with yields moving out from the current 5.25% for office and 5% for industrial,...

Sustainability

Market Talk: Showcasing the Positive Examples of Sustainable Policies

The term “Green Business” suggests that successful actors in the various commercial real estate sectors are adapting their business practices...

Sustainability

Developers Call for More Transparency and Improved Sustainability Benchmarking

ESG-compliant features and procedures in real estate are increasingly the norm. That is exemplified by accreditation to a recognized third-party...

Office Market

Liberty Development’s South Wing Receives Use-permit

The south wing of Wing’s mixed-use Liberty development has received its use permit, and the first office tenants, eMag and...

Office Market

Quiet Year in Real Estate Investment Market Expected

A quiet summer and a subdued year are predicted for the investment market by commentators, reflecting the cautious wait-and-see strategy...

Logistics

CEE Continues to Attract Industrial Developers

The Central European logistics and industrial markets have been thriving with regard to development and demand. However, total stock in...

Logistics

Provincial Hubs Beginning to Grow in Secondary Cities

Developer-led industrial development is finally extending to regional hubs across Hungary as in other Central European countries. With total stock...

Logistics

Budapest’s Logistics and Industrial Boom Continues

With industrial and logistics demand remaining high and vacancy at record lows, the boom in the sector is continuing. Analysts...

Office Market

H2Offices Awarded a Record Hungarian Leed ‘Platinum’ Score

The first phase of H2Offices, the latest Budapest development by Skanska, has been awarded a Leed “Platinum” rating with what...

Hotels

Strong Mid- to High-end Hungarian Hotel Pipeline

Hungary, and the region in general, is again seen as an increasingly attractive tourism and business destination. Guest nights have...

Office Market

Atenor Completes RoseVille Office Center Development

Leading Budapest office developer Atenor is set to deliver its latest office project, RoseVille, in Óbuda. In general, ongoing office...

Office Market

Renewed Facade of Corvin Palace Unveiled for 1st Time

A Hungarian private family developer is reconstructing a classical-style former department store building into what it says will be a...

Office Market

Economic Climate Restrains CEE Investment Activity

The first quarter of 2023 saw CEE investment volumes decline by around 57% year-on-year. That is still marginally better than...

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....