Hungarian real estate developer WING Group has signed an agreement with GTC for the purchase of a development site located at 173–177 Váci Road, one of Budapest’s main business corridors, covering more than 2.1 hectares, the Group says in a statement. According to the plans, approximately 470 modern apartments and a 23,000-square-meter modern office building […]
DBH Serviced Office will now operate under the name DBH Flex, and Michael P. Smithing, a long-time key player in the Central and Eastern European office market, has been appointed to head the company. According to a statement released by the company, the name change signals that flexible office solutions and modern work culture are […]
The Budapest Research Forum (BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its Q2 2025 Hungarian office market summary. The total modern office stock currently adds up to 4,426,050 sqm, consisting of 3,548,815 sqm of ‘A’ and ‘B’ category speculative office space as well as 877,235 […]
The pro forma net profit for the first quarter of 2025 at the Graphisoft Park office complex in Budapest is EUR 2.22 million, which is slightly higher by 4% than the same period of the previous year, the company has announced on the website of the Budapest Stock Exchange. According to the execuitve summary of […]
The market expects investor activity in the Hungarian commercial real estate market to increase this year, mainly due to improving investor sentiment, the lowering of the European Central Bank (ECB) base rate and the increasing presence of foreign working capital from Asia, international real estate consultancy Colliers said on Tuesday, according to MTI. They added […]
The modern office stock in Budapest increased by 2,150 square meters in the fourth quarter of 2024, thanks to the handover of the Liget Center Vitrum office building, the Budapest Real Estate Consultants Forum (BRF) told MTI on Tuesday. The total modern office stock in Budapest currently amounts to 4,455,615 square meters, of which 3,604,010 […]
Office park operator Graphisoft Park SE's pro forma net profit for the first three quarters of 2024 amounted to EUR 6.18 million, up 11% year-on-year, the company announced on Tuesday on the website of the Budapest Stock Exchange (BSE). According to the executive summary of the report, this growth is partly due to the office […]
The vacancy rate in the domestic commercial real estate market rose in the first half of the year, while the stock of real estate is set to expand. Hybrid working is not good for the market either. The first half of the year saw rising vacancy rates in the office and industrial-logistics markets, while ongoing […]
The office and warehouse market in the Hungarian capital will continue to gain momentum this year, and as last year, a significant amount of new space will be added in 2023, Erste Bank told MTI on Thursday. The statement quoted Erste's head of real estate finance, Tamás Deák, as saying that last year 267,000 square […]
