Gary J. Morrell

Office Market

ExxonMobil Signs for 27,000 sqm at GTC Pillar

In what is described by developer GTC as the largest deal in an office building that is under construction in...

Office Market

Building a Better, Greener Future for Budapest

The Budapest Business Journal’s Real Estate editor, Gary J. Morrell, speaks with Éva Beleznay, an architect, planner and senior sustainability...

Office Market

OTP Real Estate Fund Buys Corvin Technology Park

Futureal Group has sold the Corvin Technology Park, the fifth office block at the Corvin Promenade complex, to the OTP...

Office Market

Latest Atenor Project due to Complete Next Year

Belgium-based Atenor has launched its latest Budapest office development, the Aréna Business Campus, with the opening of a showroom at...

Office Market

Sustainability Accreditation the Commercial Norm Across Region

Accreditation for commercial real estate developments from an independent, third-party sustainability organization is now very much the norm for development...

Office Market

Accredited Buildings Require Sustainable PM and FM

Market analysts say they see a need for professionals with a knowledge of sustainability issues and integrated PM and FM...

Office Market

WELL Accreditation Reflects Concerns With Interiors

Developers are becoming ever more interested in interiors and tenants with the perceived wellbeing of staff in office centers and...

Office Market

Locational Issues Central to a Sustainable City

Location is a central element of sustainability accreditation, as tenants and staff require office developments with direct public transport access...

Office Market

Market Talk: Sustainability Issues in Office Development

What drives sustainability issues in Budapestʼs office developments? Is “being green” really a pre-requisite, rather than a marketing plus point?...

Deals

Metro Properties Concludes CEE Sale-and-leaseback Deal

Metro Properties, the real estate arm of Metro AG, has sold the real estate of 11 Cash & Carry stores...

Sustainability

Positive Indicators Continue in CEE Real Estate Markets

The region remains a popular investment destination as investment flow volume into the CEE-6 (Bulgaria, the Czech Republic, Hungary, Poland,...

Sustainability

Busy Year Expected for Investors

An increasing number of international investors have made acquisitions in Hungary, even as activity by domestic funds takes around a...

Industrial

Record low Vacancy on Logistics Market

The Hungarian industrial market currently has a vacancy rate of around 2.4%, a historical low in a market with a...

Sights

Prologis Gets BREEAM Accreditation for 6 Hungarian Properties

Prologis has achieved BREEAM sustainability accreditation for six logistics facilities in Hungary including BREEAM In-Use “Very Good” accreditation for a...

Sustainability

Nordic Light Trio Acquired by Asian Investors

Skanska has sold the 14,000 sqm Nordic Light Trio office building to JR AMC, a South Korean real estate investment...

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....