Gary J. Morrell

Industrial

Industrial and Logistics Development Continues to Boom

The industrial and logistics sector boom continues unabated, as demand remains high and vacancy stands at a record low. Analysts...

Retail

Refurbishments and Mixed-use Dominate Retail Market

The last edition to the Budapest shopping center market was the 55,000 sqm Etele Plaza by the Hungarian developer Futureal,...

Office Market

Record may Fall, but Restrained Activity Prevails in the Office Market

Few office developments are expected to be undertaken in the near future as supply and demand in the Budapest office...

Office Market

Developments Delivered Amid Rising Market Concerns

Although there are substantial pipelines in the office, logistics, and even the hotel markets in Hungary, questions remain about demand,...

Office Market

Opportunities Exist, But Market Becoming More Cautious

With economic, financial, and geopolitical uncertainties acting as barriers to development and demand in office, retail and hotel, future development...

Office Market

TriGranit Hands Over 1st Phase of Millennium Gardens

TriGranit has completed the first phase of its Millenium Gardens office project overlooking the Danube on the Pest bank of...

Sustainability

Shedding Light on Environmentally Sound Interiors

Commercial property interiors bring together a plethora of issues regarding the general environment, the internal atmosphere and layout, staff wellbeing...

Sustainability

Sustainability a Central Element in Development Cycle

Accreditation from an independent, third-party sustainability organization such as the U.K.-based Breeam and the U.S.-based Leed, and increasingly the interior...

Sustainability

Location a Vital Element to Sustainable Buildings

Buildings that respond to the needs of the users while simultaneously interconnecting with their environment can be said to be...

Office Market

EU Taxonomy and Real Estate Investments

As evidenced by recent CEE commercial office transactions, ESG investing (the integration of environmental, social and governance factors into the...

Sustainability

Market Talk: Real Estate Market Learning to Embrace Sustainability

Analysts agree that commercial real estate projects are becoming more sustainable and efficient, notably in the office and industrial sectors....

Industrial

First HelloParks Industrial Halls Fully Occupied

The first two warehouses developed by the industrial developer HelloParks, part of the Futureal Group, are now 100% occupied after...

Office Market

Regional Investors Still Exercising Some Caution

Although investment volumes have been rising towards their pre-pandemic levels, investors continue to be wary in the uncertain economic and...

Industrial

More Development Moving to Provincial Hubs

Industrial development activity is extending to provincial logistics hubs outside the Greater Budapest area, as is the model elsewhere in...

Logistics

Sustainability Accreditation the Logical Choice for Logistics

Industrial developers and park operators are building more highly-specified, sustainability-accredited projects in response to changing tenant demands and regulations reflecting...

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....