Gary J. Morrell

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...

Office Market

Uncertainty Hallmarks Today’s Budapest Office Market

Although restrained delivery in recent years means there is little risk of oversupply in the Budapest office market, a rethinking...

Sustainability

ESG and Sustainability Central to the Full Life-process of a Development Project

The concepts of ESG and sustainability are increasingly a central issue with regard to tenant specification and staff requirements in...

Office Market

CEE Attracting Investors Despite Market Uncertainty

Colliers has recorded total investment for Central and Eastern Europe (Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia) for 2021...

Construction

Despite Challenges, Budapest Remains Popular Hotel Development, Investment Location

Budapest was the third most sought-after CEE destination based on a survey of hotel operators, Cushman & Wakefield says in...

Sustainability

Property Sustainability Integrating Into Wider Regularity Systems

With the perceived growing need for third-party accountability, commercial property sustainability accreditation systems are already being designed for various project...

Office Market

MIPIM 2022 Sees Return to Large-scale Expo Events

Hungary and Central European countries such as Poland and the Czech Republic attracted a strong attendance at the 2022 MIPIM...

Industrial

Industrial Development in Hungary Booming

The boom in the industrial sector continues, with demand remaining high and vacancies at a record low. In one recent...

Office Market

Significant Increase in Green Office Stock

The Budapest office market is estimated to have seen an increase of nearly 180,000 sqm of green office space for...

Office Market

Hungary Showing Strong Investment Growth

Total investment for Hungary is expected to be in the EUR 1.4 billion-1.5 bln range for the year with most...

Office Market

Coronavirus Accelerates Changes in Office Design

Approaches to office design and organization are changing in reaction to the coronavirus pandemic, accelerating a process already underway due...

Sustainability

ESG Criteria Central to Investment Strategies

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

Office Market

Europa Capital Buys Akadémia Business Center

The pan-European real estate investment manager Europa Capital has acquired the 12,500 sqm Akadémia Business Center, located on the Pest...

Construction

Real Estate Year Ahead: Office and Industrial to Remain the Sectors of Choice

The industrial sector is expected to continue to return buoyant demand and supply indicators, with non-specialist industrial developers having moved...

Office Market

Sustainability Accreditation Ever More key to Successful Office Projects

Sustainability accreditation and the provision of amenities continue to be central to the commercial success of office projects. Developers are...

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....