CBRE Hungary wins award, sees record year
CBRE Hungary’s industrial agency team has been awarded with the Best Warehouse Power Broker Team accolade by real estate magazine Construction and Investment Journal (CIJ), which annually names the best property market companies and projects in Hungary, according to a press statement sent to the Budapest Business Journal today.
In the first half of 2016 the industrial agency team of CBRE was involved in 78% of all commercial transactions in Budapest, which is a record in the past few years in the Hungarian commercial real estate market, the company says. This year, the CBRE team also had significant involvement in deals outside of the Budapest region, in the selling and leasing of industrial properties in Tatabánya, Dunakeszi and Szigetszentmiklós, according to the press statement.
“The growth of industrial production and of logistics services has resulted in more new transactions in the Hungarian commercial real estate market,” said Gergely Baka, head of the CBRE industrial agency. “After the industrial agency contributed to new significant pre-lease and rental contracts and in the extension of existing contracts, in several cases property owners decided on further developments – thus, we believe that we have earned the prestigious CIJ Award this year.”
CIJ Europe founded the its awards in 2000; they are presented annually to the best actor in the property market and to the best property market project in various categories. Entries are shortlisted by a jury of acknowledged property market experts, and the winners of the categories are chosen through open voting.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.