RSM Hungary, which provides advisory services in the field of tax, audit, accounting and payroll, will move in as a new tenant of CPI Groupʼs Balance Hall in December 2019, renting an entire floor of the building on Budapestʼs Váci Corridor.
Duna House expanded its First Hungarian Residential Property Fund portfolio at the beginning of June by buying new apartments in downtown Budapest, according to a press release sent to the Budapest Business Journal.
The Szerémi Office Building, recently purchased by Wing, will be modernized in order to make it competitive with new offices about to be delivered in the coming period, according to a press release from Eston, the company exclusively responsible for leasing the building.
An international service provider will rent around 4,000 square meters of office space with additional expansion areas in Building F of the Váci Greens office park, increasing the occupancy rate of the building to about 50% a year before its completion.
Negotiations are underway for a comprehensive city development project in District 11, with planned state and private developments resulting in the creation of one of Europeʼs largest intermodal junctions and a new city center in Buda.
Horizon Development Ltd. has announced it will take over the property management, redevelopment, leasing and marketing tasks of the Park Atrium office building starting June 1, 2019, according to a press release sent to the Budapest Business Journal.
The Etele Plaza mall and Budapest One Business Park are set to enter the next phase of development in South Buda, as the former is nearly structurally complete, while the latter already has a complete facade, according to a press release sent to the Budapest Business Journal.
Vienna-based real estate investment firm S IMMO began 2019 with several large deals on the Budapest market, including the purchase of a nearly 9,000 square-meter plot where the company is preparing the development of a new office complex.
As part of the expansion of the Office Garden office park, developer the GRT Group has started construction of the Office Garden IV building, which is exclusively represented by Robertson Hungary, according to a press release sent to the Budapest Business Journal.
Property developer the Futureal Group has reached an agreement with Erste Real Estate Fund regarding the sale of the Advance Tower office building, located on Budapestʼs Váci Corridor, according to a press release sent to the Budapest Business Journal.
Real estate developer Skanska Property Hungary organized the local edition of the global initiative "Health and Safety Week" last week, putting emphasis on workplace wellbeing, according to a press release sent to the Budapest Business Journal.
White Star Real Estate announced yesterday the start of construction of park22, a HUF 15 billion business park in Budapestʼs District XXII, to the south of the Buda side of the capital, state news wire MTI reports.
Amid continued dynamic growth in home prices, territorial differences in the Hungarian housing market strengthened and the risk of overvaluation on the Budapest residential market increased in 2018, the National Bank of Hungary (MNB) said in a biannual report released on Monday, state news wire MTI reported.
Real estate prices are set to rise in every category in the next 12 months in Hungary, with prices of resale homes rising the most, economic research institute GKI said on Wednesday based on its representative survey conducted in April.
Real estate developer and investor Wing has announced the purchase of the Liget Center office building next to Városliget (City Park), according to a press release sent to the Budapest Business Journal.
In the capital, the highest number of new apartments last year was built in District 9, followed by Districts 11 and 12, and yet the highest prices per square meter for new homes are found elsewhere, according to Duna House Barometer.
Leading Hungarian-owned property developer Wing Zrt. has bought out the 51% stake of Elitur Invest Zrt., its partner in Strabag Property and Facility Services, thus becoming sole owner, the company disclosed on the Budapest Stock Exchange (BÉT) on Tuesday.
Home prices in Hungary rose at a slower rate in the fourth quarter of 2018, while the gap between prices in large and small settlements continued to widen, the National Bank of Hungary (MNB) said in a quarterly report published on its website mnb.hu.
The Municipality of District 1 has decided to waive its pre-emption right and offer a HUF 370 million piece of real estate for sale, with István Tiborcz, son-in-law of Prime Minister Viktor Orbán, reportedly set to buy it, according to news portal 24.hu.
Developer Wing Zrt. has announced the construction of Park West, a new community residential park in District 13 near Lehel tér, under the companyʼs Living umbrella brand for residential properties, according to a press release sent to the Budapest Business Journal.
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