Gary J. Morrell

Office Market

Skanska Completes Phase 1 of H2Offices

Skanska has completed the first 27,000 sqm phase of its 67,000 sqm H2Offices project in the Váci Corridor. The development...

Office Market

ESG and Financial Issues Have Dual Impact on Commercial Real Estate

ESG criteria are increasingly utilized in the real estate sector from development and investment perspectives. The industry is expected to...

Office Market

Hungary’s Adventum Agrees to Purchase Wola Retro in Warsaw

The Hungarian Adventum Group has agreed to purchase Wola Retro, a prime office building in Warsaw, from Develia. The settlement...

Sustainability

Historic Krausz Palota Renovation now Approaching Completion

The modernization of the Krausz Palota at Andrássy út 12 is nearing completion. The listed building was acquired in 2019...

Office Market

CEE Investments Stable Despite Economic Environment

The year 2022 saw an increasing trend for the prominence of domestic Central and Eastern European capital across investment transactions...

Analysis

‘Wait and see’ Characterizes Most Real Estate Sectors at Start of 2023

Investors will continue to show interest in the Hungarian and Central European investment markets with a yield premium for quality,...

Office Market

The Etele Plaza Achieves Breeam ‘Very Good’ Certification

The 55,000 sqm Etele Plaza by Futureal has been awarded Breeam “Very Good” certification. This is part of a trend...

Analysis

Low Liquidity in the 2022 Investment Markets

Hungary has a strong pipeline of asset-grade commercial real estate products to meet both tenant and investor demand, particularly in...

Office Market

Veeva Systems Hungary Relocates to RoseVille Office Development

Veeva Systems Hungary will relocate its Hungarian and regional HQ to RoseVille, under development by Atenor Hungary. The 2,500 sqm...

Office Market

Budapest ONE 1st Office Building in Hungary With Highest Well Rating

The first 25,000 sqm phase of Budapest ONE has received Well “Platinum” certification, the highest rating available from the third-party...

Analysis

Circular Economy Aims to Halt Biodiversity Loss

The extraction and processing of natural resources cause up to 90% of biodiversity loss. One million species are threatened with...

Office Market

Services Centers Help Drive Success of the Budapest Office Market

Whether you call them shared service centers (SSCs), business services centers (BSCs), or global business services centers (GBCs) and what...

Industrial

Wing Hands Over 2 Industrial Halls

The prolific Hungarian and regional developer Wing has completed the first two halls at its East Gate PRO Business Park....

Office Market

Positive Budapest Office Figures Recorded

Total supply in the Budapest office market has reached 4.7 million sqm as of the third quarter of the year,...

Hotels

Economic and Financial Concerns Impact Hotel Sector

Although rising tourism and occupancy rates of above 80% saw an investment boom up to 2020, the hotel and hospitality...

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....