Gary J. Morrell

Sustainability

Locational Factors Increasingly Central to Sustainability

Development in Budapest brings in environmental issues, relating to the city as a business and commercial center, and locational issues...

Industrial

Industrial Market Continues to Provide Development Opportunities

Cushman & Wakefield expect low industrial vacancy and reasonably stable demand levels for Hungary going forward, with a focus on...

Figures

Investment Volumes Could top EUR 1 bln in Hungary

Real estate investment volume for Hungary in first half year reached EUR 500 million in 14 deals according to CBRE....

Industrial

Prologis Acquires new Development Plot

Leading Hungarian and regional logistic park developer and operator Prologis has acquired a 13-hectare development site adjacent to its fully...

Deals

GalCap Europe buys Rumbach Center for German Fund

GalCap Europe, a real estate asset and investment manager specializing in Austria and Central Europe, has acquired the Rumbach Center...

Office Market

Atenor Completes Latest Phase of Váci Greens

The 25,000 sqm building “F” at the Váci Greens office development, designed by TIBA Architects Studio, with a pre-opening occupancy...

Office Market

Futureal Starts Construction of Corvin Innovation Campus

Futureal Group has launched construction of the Corvin Innovation Campus, its latest office project at Corvin Promenade. The complex, equipped...

Sustainability

Markets Waiting for Governments to hit the Play Button

The preliminary investment volumes for Central and Eastern Europe (Poland, Czech Republic, Slovakia, Hungary, Romania and Bulgaria) for the first...

Office Market

Interior Design Central to a Successful Office Project

Issues related to interiors are increasingly integrated into the concept, design and project management of office developments in reaction to...

Industrial

New Office Hubs Attracting Developers

One of the major challenges for office developers in Budapest is to source suitably-sized, well-located development plots that provide visibility,...

Office Market

Market Talk: Likely Need for More Flexible Space Post-COVID

With positive supply and demand fundamentals in the Budapest office market prior to the COVID-19 crisis, the Budapest Business Journal...

Office Market

Atenor Completes Construction of 1st Phase of Aréna Business Campus

Atenor has finished the construction of the 21,000 sqm first phase of the Aréna Business Campus; the company has met...

Deals

Need for Liquidity Apparent in Investment Market

Will the perception of the Central European region as a relatively low risk, high yielding investment option survive in the...

Industrial

Budapest Office Vacancy put at Historic low of 5%

Total modern office stock in Budapest now stands at around 3.7 million sqm according to the Budapest Research Forum (consisting...

Conferences

Retail and Logistics Sectors Hardest hit by COVID-19

Cushman & Wakefield is the latest consultancy to confirm that its staff are working remotely and, although it is striving...

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....