Gary J. Morrell

Sustainability

Office Becomes the Sector of Choice for Investors

The office market is regarded as the investment destination of choice with strong fundamentals such as high demand, low vacancy,...

Office Market

Interior, Exterior Design Carving-out a Higher Profile

With developers striving to deliver ever more highly-specified office complexes that integrate and contribute to the infrastructure and feel of...

Office Market

Competition for Development Plots Increasing

In a very compact such as Budapest, city one of the challenges for developers is sourcing suitably-sized, well-located development plots...

Industrial

Low Vacancy Continues to Shape Budapest Office Market

Demand in the Budapest office market has continued to boom with vacancy falling to some of the lowest levels on...

Industrial

Constricted Industrial Supply Encourages Preleases

An estimated 24,000 sqm of space was added to the Budapest industrial market with deliveries at the Airport City Logistic...

Sustainability

Limited Number of Investment Assets Restricts Liquidity

Around EUR 1.7 billion in commercial real estate transactions was concluded in 2018 and an estimated EUR 1.3 bln-1.5 bln...

Industrial

Low Vacancy Continues in Budapest Office Market

Total supply in the Budapest office market has reached around 3.63 million sqm according to the Budapest Research Forum, consisting...

Sights

Prologis Completes Latest Phase of Harbor Park

Prologis has completed a 10,600 sqm speculative facility at Prologis Park Budapest-Harbor, located 12 km to the south of central...

Office Market

Atenor to Start 1st Buda Office Project

Belgium-based Atenor has acquired a 5,000 sqm plot for the development of its latest project in District III on Bécsi...

Office Market

Wing Breaks Ground on Evosoft Hungary Headquarters

Wing has broken ground on the 21,400 sqm headquarters it is building for evosoft Hungary Kft., one of the largest...

Sights

Tenants Demand Higher Specs, Sustainable Logistics Facilities

Logistics developers are building increasingly sophisticated industrial projects in reaction to developing tenant demands, such as automated warehouses and a...

Industrial

Industrial Demand in Central Europe Continues to Rise

The Central European industrial and logistics market is continuing to record high demand, reflecting the indicators in the wider European...

Industrial

Low Availability Limits Market Growth

The low availability of contiguous industrial space in the Budapest area and rising demand has resulted in record low vacancy...

Sustainability

Growing Number of Investors Drawn to MIPIM

The 30th annual MIPIM commercial property expo on the Cote d’Azur is a barometer of how the different commercial property...

Hotels

Strong Guest Demand Attracting Hotel Developers and Investors

Tourist numbers to Hungary are continuing to rise with 5.5 million visitors to Hungary in the first half of last...

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....