Gary J. Morrell

City

Budapest Airport Starts Construction of Cargo Facility

Ferenc Liszt International Airport operator Budapest Airport has commenced construction of the first 20,000 sqm phase of Cargo City. The...

Industrial

HB Reavis Agrees HQ Lease With Raiffeisen Bank

Raiffeisen Bank has agreed a 20,000 sqm letting at the Agora Budapest office development and will establish its Budapest headquarters...

Hotels

DVM Group to Construct new Budapest Hotel

The Hungarian DVM group has agreed a deal with the German developer B&L Gruppe to design and construct its 310-room,...

Industrial

Lowest Budapest Office Vacancy yet Recorded

The overall Budapest office vacancy rate has fallen to 6.4%, the lowest yet recorded in a market where vacancy was...

Office Market

Europa Design Headquarters set to Achieve WELL Accreditation

The 400 sqm Europa Design headquarters, a refurbished building in Buda, originally built in the 1930s in a Bauhaus style,...

Industrial

Industrial Supply Needed to Meet Growing Demand

Development in the industrial and logistics market has been low in recent years with a limited availability of contiguous industrial...

Office Market

Property Systems Opens BSQ Business Center

The German-owned Property Systems has opened its first New Work shared services office center (NWSO) in the Buda side of...

Office Market

Skanska Completes Mill Park

Skanska Development has officially handed over the 36,000 sqm Mill Park office complex. The eighth Budapest office development project by...

Hotels

Strong Guest Demand Attracting Hotel Developers

Tourist visits to Hungary are continuing to rise with 5.5 million people visiting in the first half year, indicating a...

Industrial

Retail Development Finally Taking-off

Although consumer demand in Hungary is continuing to rise, with 7% year-on-year growth in retail sales for the first half...

Office Market

Boom Time in the Office Market

Established developers on the Hungarian market are going ahead with built-to-suit (BTS), speculative and long-term phased projects as vacancy is...

Deals

Strong Market Fundamentals Attracting Investors

Established developers on the Hungarian market are going ahead with built-to-suit (BTS), speculative and long-term phased projects as vacancy is...

Office Market

Wing Completes Magyar Telekom Headquarters

Wing has completed the 58,000 sqm Magyar Telekom Group headquarters, located in District IX, adjacent to the Groupama Ferencváros Stadium....

Office Market

Developers Adopting WELL Building Standard

Green or sustainability accreditation is now a pre-requisite for the successful development, letting and management of office projects at the...

Industrial

Futureal Concludes Financing for Etele Plaza

Futureal have concluded a EUR 150 million (about HUF 48 billion) loan agreement with UniCredit Bank and Erste Group for...

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....