Gary J. Morrell

Office Market

High Vacancy, Potentially Low Availability of ESG-compliant Offices

Development in the Budapest office market is low, with developers exercising caution and new projects not being initiated in an...

Office Market

Signs of Activity in CEE Investment for H1

The first half of 2024 saw CEE investment volumes increase by about 29% year-on-year, bucking the global trend, according to...

Office Market

Budapest ONE Achieves Highest ‘Platinum’ Well Core Rating

Phases II and III of the 66,000 sqm Budapest ONE office complex have received the highest “Platinum” level of Well...

Industrial

Sustainability Accreditation the Market Norm for Office and Industrial

The emergence of third-party sustainability accreditation systems reflects the need for real estate market actors to provide independent and transparent...

Office Market

Plot Location is Critical to Improving our Cities

Developers, planners and architects must build according to ESG market needs, EU Taxonomy and city planning regulations. For Budapest, there...

Office Market

Green Requirements now Central to Investment Decisions

ESG issues are becoming predominant in the real estate investment process as institutional (and increasingly private) investors will be expected...

Office Market

Market Talk: How ESG is Shaping Real Estate

ESG compliance is a necessity for a successful real estate project with increasingly stringent and all-embracing international regulations and market...

Hotels

Tribe Budapest Airport Hotel Structurally Completed

Budapest Liszt Ferenc International Airport will have a second hotel with direct access to the terminal next year, with the...

Industrial

Industrial Markets Remain Attractive Across CEE

The total supply of modern industrial and logistics stock across the capital city markets in the CEE-13 countries amounts to...

Office Market

Newmark VLK Identifies Opportunities for Office Redevelopment

Hundreds of thousands of square meters of office space are expected to become available in Budapest as state organizations relocate...

Hotels

Budapest may add 22 Hotels and 3,000 Rooms in 5 Years

The hotel and hospitality sector is once again regarded as an attractive development and investment option. Hungary, and particularly Budapest,...

Office Market

Academia Offices 80% Let Says Asset Manager ConvergenCE

Colossyan, one of Hungary’s fastest-growing start-ups, has signed a 1,000 sqm lease at Academia Offices, located in the historic center...

Sustainability

Hotel Owners Increasingly Looking for Sustainability Accreditation

CEE hotel assets are significantly behind the sector in Western Europe concerning ESG as players in the region still tend...

Office Market

Hungarian State Completes Majority Purchase of Budapest Airport

The purchase by the state of an 80% stake in Budapest Airport Zrt., the operator of Budapest Ferenc Liszt International...

Office Market

Atenor Receives BakerStreet Occupancy Permit

The first 16,600 sqm phase of BakerStreet has successfully obtained its occupancy permit. The project, in South Buda, has been...

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....