Gary J. Morrell

Office Market

Gránit Asset Management Makes Bucharest Office Purchase

Gordiusz Private Equity Fund, managed by Hungary’s Gránit Asset Management, has purchased the first 21,000 sqm phase of the Equilibrium...

Industrial

Central and Eastern European Industrial Remains Attractive Despite Development Downturn

The Central and Eastern European markets are attractive development and investment options. Leading international industrial park developers and operators are...

Industrial

Some Signs of Cooling, but Sector Continues to Boom

The industrial and logistics sector continues to boom, with leading CEE regional industrial park developers and operators and Hungarian players...

Real Estate

Front Line Establishes Distribution Center at CTPark Budapest West

Front Line Hungary has launched operations at its new 1,500 sqm distribution center at CTPark Budapest West. The center will...

Real Estate

Delegates at Mipim Look to Sustainable Upturn

Delegates to Mipim in Cannes, were concerned with whether there is a sustained improvement in the development and investment markets....

Sustainability

Erste Purchase Proves ESG key to Major Investment Deals

ESG issues are becoming central to transactions at the high end of the commercial real estate markets, as exemplified by...

Real Estate

CTP Signs Built-to-suit Lease With Manufacturer Zoomlion

CTP has signed a 10-year built-to-suit lease agreement with Chinese manufacturer Zoomlion to relocate its operations to CTPark Tatabánya. Through...

Industrial

CEE Industrial Market Still Attractive Despite Development Downturn

The CEE industrial market has grown on the back of increasing demand for industrial space to meet FDI, notably in...

Real Estate

EU Taxonomy Becomes Basic Requirement

This year, companies will begin fully aligning with the EU Taxonomy, which aims to determine if an economic activity is...

Real Estate

CEE Region Investment Volume on the Rise, CBRE Says

Investor appetite in the CEE region strengthened remarkably in the last months of last year, according to CBRE Hungary’s Market...

Business, Real Estate

ESG Increasingly All-embracing in Business Sphere

ESG can be seen as a set of standards that measure the impact of a business on society and the...

Real Estate

Hybrid Working Set to Dominate Office Market in 2025

This year will be transformative for the world of work as technological advancements continue to shape how businesses of all...

Real Estate

Skanska Begins Construction of H2Offices Phase II

In a rare development that has started without pre-announced lettings, Skanska has undertaken construction of the second 22,000 sqm phase...

Real Estate

Hungary’s Real Estate Players Anticipate Busier 2025

Real estate and related industry professionals are looking to 2025 for an uplift in the investment markets. Meanwhile, players will...

Real Estate

Deals of the Year: Restrained Real Estate Activity in 2024

The Budapest Business Journal takes an in-depth look at the most significant deals concluded this year in the different sectors...

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....