Knight Frank opens new office in Budapest

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Global estate agency, residential and commercial property consultancy Knight Frank formally opened a dedicated office in Budapest on September 20, according to a press release sent to the Budapest Business Journal.

Erika Loska, head of office division, Knight Frank Budapest.

"We are delighted to officially become Knight Frank Budapest, and look forward to expanding our presence and success in the local real estate market, along with an exceptional team with outstanding professional results," said Chris Bell, Managing Director for Europe at Knight Frank. "We are confident the Knight Frank brand will continue to flourish in Budapest," he added.

The opening of the new office is in response to the growing market of Budapest and the surrounding region, coming as an organic move for the global property consultancy, the press release notes. At the moment, Budapest has a stock of 3.4 million square meters of class A, B, and owner-occupied office space, with a further 1 mln sqm of class A office space predicted by 2020, it adds.

Knight Frankʼs new office is located in Budapestʼs CBD, beside the River Danube close to the Chain Bridge. The business covers the full spectrum of commercial property services, with specialization in offices, capital markets, project management, land advisory services and valuations.

"The opening of Knight Frank Budapest represents an exciting expansion of the network, allowing us unrivaled coverage of this important market," said Erika Loska, head of office division at Knight Frank Budapest.

"I’m thrilled to be joining Knight Frank Budapest and confident that the team’s passion for the property market, together with the organization and strength of the existing Knight Frank network, will enable us to advise and support our clients," Loska added.

The Budapest office will foster close collaborations with all the offices in the region and the growing Knight Frank global network, the press release notes.

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