Gary J. Morrell

Office Market

SSCs Operating at top end of Office Market

Shared services centers and business process outsourcing, now often referred to as the business services sector, have become one of...

World

CEE Investment Volumes Remain Relatively Healthy

Despite the negative impact of COVID-19 on the CEE-6 (Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia) investment markets,...

Industrial

Industrial Sector Early Winner in Coronavirus Crisis

The industrial market in Hungary and the wider region is seen by analysts as the real estate sector in the...

Office Market

Váci Greens Complex Completed

The last building of the 120,000 sqm Váci Greens office complex has completed, as the 23,500 sqm Building “E” has...

Retail

Retail Faces Major Challenges

The retail sector (along with hotel and hospitality) is seen as being under most threat in the COVID pandemic and...

Hotels

Hotel Development Badly hit by Ongoing Crisis

The hotel and hospitality sector is seen as one of the most severely hit by the coronavirus with the negative...

Industrial

Industrial Sector 1 of Most Sought After CEE Assets

Industrial buildings are the most sought after investment assets after office and residential according to “ExCEEding Borders: Industrial & Logistics...

Office Market

Green Court Office Topped-out

Regional developer Codic has celebrated the topping out of the 20,000 sqm Green Court Office, located in the ever popular...

Office Market

Office Projects Going Ahead Despite COVID Concerns

The Budapest office market has been recording favorable indicators with low vacancy, high and consistent demand and in general well-conceived...

Industrial

Market Talk: Developing a Pandemic-proof Real Estate Future for Hungary

The COVID-19 pandemic has impacted the various sectors and the development, property management and exit phases in the life of...

Office Market

Budapest Office Projects Continue to be Delivered

The Budapest office market continues apace as Atenor has delivered the 20,000 sqm BREEAM “Excellent” accredited Aréna Business Campus A,...

Office Market

Interior Design Taking on Greater Emphasis

Despite the lockdown and debates over the very future of the office markets, developers are moving ahead with complexes are...

Interview

COVID and Climate Change Point in Similar Direction

The Budapest Business Journal speaks with Zsombor Barta, president of the Hungarian Green Business Council (HuGBC) and director of sustainability...

Office Market

Developers Need to Adapt Post-coronavirus

Sustainability accreditation from an independent, third-party organization such as the U.K.-based BREEAM, the U.S.-based LEED and, increasingly, WELL, is now...

Sustainability

Market Talk: COVID-related Concerns Underscore Real Estate Sustainability Issues

Sustainability issues have become key elements of the planning, construction and management of office and, increasingly, other commercial properties....

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....