Gary J. Morrell

Office Market

Challenging Market Environment Means Limited Office Pipeline

New projects in the Budapest office market remain limited as developers exercise caution given the uncertain cost and demand environment....

Office Market

Real Estate: Office Market Talk 2024

The Budapest Business Journal’s real estate editor, Gary J. Morrell, canvassed some of the leading players in Budapest’s office market...

Office Market

Office Demand Undergoing Fundamental Changes

As demand has fallen in the Budapest office market, overall vacancy has risen. There are other concerns at play, however,...

Office Market

Investment Market Entering Transitional Phase

High-end offices have traditionally been seen as a prize investment destination. However, as with other sectors, the market is going...

Office Market

CEE Office Markets Face Common Challenges

Office pipelines across Central and Eastern Europe are restrained, and few new projects have been initiated in what is an...

Residential

Cordia Begins Development of Marina City

The residential developer Cordia, part of the Futureal Group, has launched its latest large-scale urban rehabilitation development on a 14-hectare...

Conferences

CEE-6 Investment Market Corrections to Continue in 2024

Investment volumes for the Central and Eastern European six (Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia) hit a...

Industrial

Industrial Developers Committed to Sustainability Accredited Complexes

The 45,000 sqm MG3 warehouse at HelloParks Maglód in Greater Budapest is the first industrial property in Hungary to achieve...

Office Market

Wizz Air Relocates to new HQ in Millennium Tower

The Hungarian ultra-low-cost airline Wizz Air has relocated its headquarters to the Breeam-accredited Millennium Tower by TriGranit at the Millennium...

Industrial

Hungary’s Light Industrial Boom Continues Apace

The industrial market is booming, with leading CEE regional industrial park operators and Hungarian developers participating in an increasingly active...

Industrial

Sustainability, ESG, and EU Taxonomy to the Fore

Industrial and logistics developers are delivering ever more complex products in response to stricter ESG, EU Taxonomy and sustainability regulations....

Industrial

CEE Industrial Market Continues to Thrive

When it comes to development and demand, the Central European logistics and industrial markets have been thriving. That said, total...

Industrial

Faedra22 Logistics Center Sold to German Investors

The Faedra22 logistics center has been sold to a German investor. It is the second such development by the Hungarian...

Office Market

Good Hungarian Representation at Mipim 2024

Against a background of a challenging economic and geopolitical environment, more than 20,000 real estate and investment professionals from 90...

Analysis

Hungarian Investment Markets Awaiting Price Correction

The conventional wisdom is that there will not be a recovery in the Hungary investment market until at least next...

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....