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Real estate

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Otthon Centrum Turnover Up by Almost HUF Two Billion

D&T
May 17, 2022

Otthon Centrum's (OC) net sales amounted to HUF 6.2 billion in 2021, compared to HUF 4.4 billion a year earlier, the real estate brokerage firm said on the Budapest Stock Exchange's website on Tuesday. Last year, the group achieved a record in both real estate network turnover and loan intermediation, the report said. The company's […]

Increased Profits at Graphisoft Park SE

D&T
May 10, 2022

The Hungarian real estate development company Graphisoft Park SE increased its profit in the first quarter with almost the same real estate portfolio, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Tuesday. The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased year-on-year from EUR 3.566 million […]

Otthon Centrum Acquires Majority Stake in Open House

D&T
Apr 11, 2022

Hungarian real estate broker firm Otthon Centrum Holding is acquiring a majority stake in Open House franchise and loan brokerage holding company, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Monday. The transaction will result in a higher quality and more efficient customer service through the utilization of […]

Garages Prices Up by 18% in Hungary

D&T
Feb 21, 2022

Last year, garages were 18% more expensive than a year before according to sales data, with their average price exceeding HUF 5 million, the real estate agency Otthon Centrum told the state news agency MTI on Monday, based on its network data. The statement quoted Gábor Soóki-Tóth, Otthon Centrum's head of analysis, who said that […]

Blue Cube Turns to GREEN Cube in Budapest

D&T
Feb 1, 2022

The real estate investment company S IMMO Hungary, which manages the property, will install more than 400 solar panels on top of the Blue Cube office building in the Hungarian capital. The company, which is also listed on the Austrian stock exchange, aims to minimize its ecological footprint, including the transformation of the Blue Cube […]

Union Investment Purchases Szervita Square Building

D&T
Dec 22, 2021

The commercial part of Horizon Development’s LEED Platinum certified premium mixed-use Budapest downtown property; Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price. Ádám Irányi, Head of Investment Management Office, Europe, reflected on the benchmark deal by […]

Duna House Group Acquires Italian Loan Broker

D&T
Dec 10, 2021

This Friday, Duna House Group has signed an agreement for the acquisition of 70% of the Italian HGroup with future put/call options that can increase its ownership to 100%. With full country-wide coverage, the Bergamo-based HGroup through Credipass, its subsidiary, is currently the second biggest loan broker in Italy by network size with close to […]

Duna House: Significant Rise in Third Quarter Profits

D&T
Nov 30, 2021

Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]

Budapest Research Forum Industrial Market Analysis

D&T
Oct 27, 2021

In the third quarter of 2021, two buildings with 14,210 sq m of new space were added to the Greater Budapest modern industrial stock. One building was handed over in East Gate Business Park Fót and one building in Login Business Park Dunakeszi. The total modern industrial stock stood at 2,567,510 sq m at the […]

Hungarian House Prices Skyrocketed in the Past Decade

D&T
Jul 16, 2021

Housing prices in Hungary have nearly doubled in the past ten years; the extent of price increases was higher only in two other European Union member states in this period. Despite the jump in prices, interest in home purchases remains strong. Average residential real estate prices in Hungary increased by nearly 100% in the last […]

The Park Atrium office building in Budapest

Park Atrium Undergoing Rejuvenation

D&T
Mar 7, 2021

The Park Atrium office building, overlooking Budapest's City Park, welcomes 2021 with a new identity, rearranged and optimized functionalities, and fresh interior design ideas for its ground floor lobby, main reception, conference center and community garden. A press release by the Landlord – a property fund based in Luxemburg and managed by REInvest Asset Management […]

New Office Complex Developed by Skanska in Budapest

D&T
Mar 1, 2021

Budapest's office buildings skyline will be enriched with a futureproof complex designed with lots of attention to environmental challenges and to the needs of the people working inside, builder Skanska projects. The multinational construction and development company Skanska's latest investment in Hungary, H2Offices is one of the company's most impressive projects in Budapest. The new […]

Timeless Elegance on Top of Budapest

D&T
Oct 11, 2020

If you happen to walk around the Normafa area, you may hear the noise of construction from what was known as the Svábhegy Sanitarium for decades. A new residential area is being born, one that will certainly attract the rich&famous of Hungary. János Gárdai, the Managing Director of White Star Real Estate gave Diplomacy&Trade a […]

The End of an Era?

D&T
Oct 1, 2020

The adversities caused by the coronavirus pandemic are engulfing new sectors of the economy and few are likely to escape unscathed. Experts warn that the Hungarian property market is also set to suffer in the coming quarters with many owners being forced to sell and buyers being few and far between. In recent years, many […]

Skanska Launches New Budapest Landmark Project

D&T
Aug 7, 2020

Skanska, one of the leading development and construction companies in Europe. invests about EUR 65 M in the first phase of the new office complex H2Offices located in the Hungarian capital. The project will offer a total leasable area of about 26 000 square meters. Designed to obtain WELL and LEED certifications, the project stands […]

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