Gary J. Morrell

Office Market

More Developers Delivering Well-accredited Office Buildings

IBM has established its headquarters in the first 16,000 sqm phase of the Corvin Innovation Campus. The complex, in the...

Office Market

Industrial Market Developing in Cities Across Hungary

Total stock in the Hungarian industrial market had reached 4.7 million sqm as of the end of the first quarter,...

Office Market

PM and FM Role Becoming Increasingly Enhanced

Ever more sophisticated requirements from tenants and staff, concerns over rising utility prices, and the increasingly central role of ESG...

Office Market

Challenges of CBD Development Lead to Multiple Budapest Office Districts

One of the significant challenges for office developers in Budapest is to source suitably-sized development plots with direct public and...

Office Market

Subdued Office Development Activity for 2023

A limited number of office development projects are expected to be undertaken in the immediate future. Developers are exercising caution...

Office Market

3rd-party Accreditation Setting the Standards for Office Interiors

Office interiors are now an intrinsic part of the project concept, design, leasing strategy, and property and facility management of...

Office Market

Uncertainty Seen Across Central European Markets

Total supply in the Budapest office market has reached 4.3 million sqm, 3.5 million sqm of which is speculative space....

Office Market

Market Talk: Questions Around Supply and Demand but ESG Grows in Significance

This Budapest Business Journal’s Office Special Report examines the Budapest market from the perspective of the issues facing developers and...

Office Market

Budapest Airport Among 1st to be Awarded Well Accreditation

Budapest Ferenc Liszt International Airport has achieved the international Well Health and Safety Rating, confirming that the operator is taking...

Office Market

Hungary’s Cordia Completes Renovation of Listed Building in Birmingham

The leading Hungarian residential developer, Cordia, the residential arm of the Futureal Group, has completed the renovation of The Bank....

Hotels

Hotco 2023 Attracts Around 300 Attendees to Vienna

Hotco 2023, the leading hotel investment conference for the Central and Eastern European region and beyond, attracted almost 300 investors,...

Analysis

ESG Very Much a Central Issue at International Real Estate Expo

ESG, the interplay of environmental, social, and governance issues, was one of the main themes of debate at the Mipim...

Office Market

Strong Hungarian Presence at Annual Mipim Expo in Cannes

The Mipim commercial real estate and investment expo at the Palais des Festivals in Cannes attracted more than 23,000 participants...

Office Market

Hungary to Showcase Industrial, Offices, Hotels at Mipim

Industrial and logistics, office, and hotel development projects will be the focus of the Hungary-Budapest stand at Mipim 2023 next...

Office Market

Analysts Expect H1 Real Estate Yield Correction

Sentiment towards the CEE markets indicates that investors are adopting a cautious wait-and-see approach to Hungary and the wider CEE...

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....