Gary J. Morrell

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...

Logistics

Boom in Budapest Industrial and Logistics Market

The boom in the logistics and industrial sector is continuing unabated, as demand remains high and vacancy stands at a...

Sustainability

Hungary Ranked 13th in KPMG Net Zero Readiness Index

Of the 32 countries featured, Hungary was placed just behind Spain and just ahead of the United States. Poland, the...

Office Market

Uncertainty in the Investment Markets

While international, regional, and domestic investors continue to show interest in the Hungarian and Central European investment markets, the current...

Office Market

E.ON Hungária Agrees 16,000 sqm BakerStreet Letting With Atenor

Atenor has concluded a significant letting as E.ON Hungária will establish a 16,000 sqm Budapest headquarters at the Belgium-based developer’s...

Office Market

Szervita Square wins World Gold FABCI Prix d’Excellence Awards

The Szervita Square Building by Horizon Development has won two World Gold FABCI Prix d’Excellence Awards. The international titles for...

Construction

Hotel Sector Looking for Investment Resurgence Says HOTCO 2022

Two years ago, developers, investors and hotel operators in the CEE region had seen strong potential for hotel development and...

Retail

Diageo Celebrates 20 years in Budapest

Diageo, a leading company in the production and distribution of alcoholic beverages, has celebrated its 20th anniversary in Budapest with...

Office Market

CEE Investments Return to Pre-pandemic Levels in Q1

At EUR 2.83 billion for the first quarter of the year, Central and Eastern European (Bulgaria, the Czech Republic, Hungary,...

Sustainability

New Definition of ESG Adapted to Hungarian Conditions

There has been no centralized guideline for ESG criteria that everybody accepts and can adopt. Therefore, a clear definition and...

Industrial

Significant Industrial Pipeline for 2022 Despite Slow Q1

First-quarter delivery for the Hungarian industrial market has been described as restrained, although the total pipeline for the year, if...

Office Market

Budapest Office Stock 4 mln sqm and Growing

Total modern office stock in Budapest surpassed four million sqm in the first quarter of 2022 according to the Budapest...

Office Market

Post-pandemic, Office Interiors are Having to Evolve

Office interior themes have become integrated into the concept, design, leasing strategy, and property management and facility management of office...

Office Market

Market Talk: Offices an Evolving Rather Than Endangered Species

The Budapest Business Journal’s real estate editor talks to some of the leading players in the Budapest market to assess...

Office Market

Developments Undertaken in Multiple Locations

Office development is being undertaken in multiple areas across the city, reflecting the limited supply of suitable plots in any...

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....