Gary J. Morrell

Hotels

Mellow Mood Hotels Complete Párisi Udvar

The Hungary-based, Jordanian-owned hospitality developer and hotel operator Mellow Mood Hotels is due to officially open the long-awaited, Párisi Udvar...

Industrial

Retailers Continue to be Attracted to Hungary

The leading shopping centers and high streets are performing well in Budapest in the view of most analysts, with secondary...

Hotels

Hilton Garden Inn Budapest City Center Opens

Hilton Hotels has opened the four-star, 214-room Hilton Garden Inn Budapest City Center in Lázár utca in the historic center...

Analysis

Rising Costs a Challenge to Construction Industry

Construction and fit out costs are rising as the dramatic labor shortage witnessed in all phases is causing enormous challenges...

Hotels

Strong Guest Demand Attracting Hotel Developers, Investors

Developers, investors and hotel operators therefore see strong potential for hotel development against a background of positive tourism supply and...

Hotels

Hotel Sector Attracting new Investors

With positive indicators in the Hungarian and CEE hotel and hospitality markets, more institutional European investors such as Deka and...

Sustainability

Lack of Suitable Product Puts Brake on Investment Volume

Development and liquidity in Central European markets continue to be hampered by a limited supply of investment grade product....

Industrial

Horizon Development to Redevelop Park Atrium

Horizon Development, has taken over the property management, redevelopment, leasing and marketing of the landmark 26,000 sqm Park Atrium office...

Office Market

BP to Move to Agora Budapest

Developers such as HB Reavis and Atenor are increasingly concluding preleases in the Budapest office market to help them take...

Office Market

Market Talk: How is the Office Market Developing?

The fundamentals of the Budapest office market are seen as strong with low vacancy and high occupational demand. The Budapest...

Office Market

GRT Group Commences Latest Phase of Office Garden

The Hungarian developer, GRT Group, has commenced construction of the 20,000 sqm fourth phase of the Office Garden office park...

Awards

Erste Real Estate Acquires Advance Tower

Futureal has completed the sale of the 12,000 sqm Advance Tower, located in the Váci Corridor, to the Hungarian Erste...

Office Market

Ecodome Awarded ’Platinum’ Certification

The 5,000 sqm Ecodome office, located close to the Castle District, has become the third Budapest office complex to be...

Office Market

Protected Liget Center Changes Hands Again

Wing has purchased the 7,000 sqm Liget Center Office, a protected Hungarian building as an example of Hungarian modernist functional...

Awards

PM and FM Play Increasingly Central Role

With the increasingly sophisticated demands and expectations of tenants, property management and facility management services are playing an ever more...

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....