Gary J. Morrell

Analysis

Investment and Letting Deals Ongoing Despite Pandemic

The letting and investment deals concluded during 2021 reflect the positive positions of the office and industrial sectors and the...

Industrial

CTP Undertakes new Speculative Development

The industrial market continues to record positive data with the CEE developer and industrial park operator CTP beginning work on...

Office Market

Redevelopment of Krausz Palota Gets Underway

Having been granted a heritage permit, the refurbishment of the classic Krausz Palota by Avison Young has begun with the...

Office Market

Spreading the SSC net to Secondary Cities

Shared services centers (SSCs) and Business Process Outsourcing (BPOs) have become one of the major industries in Hungary and one...

Construction

Investment Volumes Down on Previous Year

Colliers has traced relatively favorable CEE regional investment figures of EUR 7.3 billion for the first three quarters of the...

Initiatives

COP26 has Implications for Central and Eastern Europe

Climate change has come to the fore of the news agenda and social and political activism, with the COP26 United...

Construction

Wing and Accor Agree Hotel Development

Wing and Accor have concluded a long-term agreement for a 12,000-plus sqm hotel at the 42,000 sqm Liberty office development...

Construction

Post-pandemic Real Estate Winners and Losers

An overview of the prospects for real estate development must consider the availability of financing, demand and pre-leasing, sustainability and...

Industrial

Hungary’s Industrial Market Positively Booming

Analysts see the industrial and logistics market as the real estate sector in the most favorable post-pandemic position, with the...

Office Market

Positive Views on Office, Despite Many Challenges

The office market faces challenges regarding financing, demand, pre-leasing requirements, tenant specification, staff requirements, and, not least, working habits for...

Office Market

Market Talk: Development in a Post-COVID Hungary

Opinions differ as to how many planned development projects are going ahead in a changing market environment regarding financing, leasing,...

Construction

Retail Offerings Must Move With the Times

It hasn’t been an easy few years for retail developers. Concerns over the level of consumer spending in the wake...

Office Market

Investment Shows Signs of Uplift

Global commercial real estate firm Avison Young has traced EUR 4.2 billion in investment volume for the first half-year in...

Construction

HelloParks Starts Construction of Fót Megapark

HelloParks has celebrated placing the first column of its initial 45,000 sqm warehouse in Fót, close to Budapest. The development,...

Construction

Architecture, Urban Planning Must Adapt to Sustainability Expectations

Budapest’s sustainable development encapsulates environmental issues relating to the capital as a business hub, a cultural and historical center, and...

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....