Gary J. Morrell

Office Market

GTC Acquires Ericsson and Evosoft Headquarters

Having purchased the 15,000 sqm Váci Greens D building from Atenor, the regional developer and investor GTC has dipped into...

Office Market

New Office Hotspots Develop as old Favorites Fill Up

Business districts have become increasingly widespread across Budapest with new office development areas emerging as developers look to source suitably...

Office Market

Pandemic places focus on interior environment

Office interior elements have been integrated by developers and investors into the concept, design, leasing strategy, and Property Management (PM)...

Office Market

Demand Expected to Remain a Constant in Changing Office Market

The Budapest office market faces potential challenges regarding demand and preleasing, tenant specification, staff requirements, and working habits for the...

Office Market

Office Market Talk: Flexibility is Key

As the office market faces the potential of changes demanded by the post-COVID environment, Budapest must also deal with challenges...

Retail

Positive Prospects for Retail Sector

The Hungarian retail market is regarded as being in a favorable position compared both to Central and Western Europe going...

HR

Workers Tend to Prefer Office to Home Working: Skanska Survey

Almost half of all Central and Eastern European employees say they go to the office every day, despite more than...

Hotels

DVM Group Starts Construction Work on Drechsler Palace

DVM group has started construction works on the Drechsler Palace on Andrássy út. The listed-building, once famous as the home...

Industrial

Industrial Records Strong Indicators

The industrial market continues to be regarded by analysts as the sector in the most positive position for the post-coronavirus...

Office Market

Market Pays Tribute to a ‘Daring’ and ‘Inspiring’ Developer

The Budapest Business Journal was saddened to learn on the day our last issue was published that Attila Kovács, founder...

Office Market

Hungary and CEE Remain Attractive for Investors

More investment is moving towards cost effective locations such as Central and Eastern Europe, Andreas Ridder, managing director for CEE...

Logistics

More Developers Moving Into Logistics Sector

With logistics looking set to be a clear winner in the post-coronavirus period, developers who have traditionally been active in...

In Budapest

Analysts Look to 2021 for Recovery in Real Estate Markets

Real estate editor Gary Morrell speaks with market professionals operating in Hungary about the prospects for the development and investment...

Hotels

Hard Rock Hotel Budapest due to Open in Summer

The Hungarian developer Redwood Real Estate Holding is planning a soft opening of the Hard Rock Hotel Budapest in June...

Office Market

GTC Completes Sale of Spiral Office Development

GTC has completed the sale of its 30,500 sqm Spiral office center just off the Váci Corridor on Dózsa György...

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....