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Office Market News

IMMOFINANZ with significant increase in office portfolio occupancy: plus seven percentage points to 82%

IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.

Domestic investors to be the most active players in the Hungarian real estate markets

According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.

Skanska sells Corso Court office building in Prague to Invesco Real Estate

Skanska has sold Corso Court, its office project in Prague. The building has been purchased by global investment manager Invesco Real Estate on behalf of one of its German separate account mandates. This is Skanska’s second investment in the Czech capital to be acquired by Invesco Real Estate.

GLOBAL REAL ESTATE INVESTMENT RECORDS STRONGEST FIRST HALF SINCE 2007

Global commercial real estate (CRE) investment reached US$407 billion in H1 2015, the strongest first half to a year since 2007, and up 14 per cent year-over-year, according to the latest research from global property advisor CBRE Group, Inc.

Q3 preliminary volumes keep CEE on track for a record level of investment activity in 2015

International advisory company JLL presents its preliminary summary of investment transactions concluded in Q1-Q3 period of 2015 on the commercial real estate markets across Central and Eastern Europe (CEE). The summer months have again seen a hive of activity across the CEE with a preliminary transaction volume of well over €2.8 billion recorded in the third quarter.

CEE Property Investment Volumes Reach Record Levels in Q3

Corporate real estate (CRE) investment within Central and Eastern Europe (CEE) increased in Q3 by 14%, to a record €2.297 billion, with total yearly volume up 6% according to the most recent report on CEE property investment from CBRE.

Horizon Development Achieves Highly Acclaimed European Award for Eiffel Palace Office Building

The official results of the European stage of the International Property Awards 2015-2016 were announced at the Grosvenor House Hotel in Park Lane, London, on 22 September. Horizon Development is the national winner from Hungary, and competed against top developers from across the continent.

CBRE Hungary won “Best Research” Award for fourth consecutive year

CBRE Group has been named the top global real estate advisory firm in the 2015 Euromoney Real Estate Awards. CBRE has now achieved the top award for four consecutive years and eight times since the real estate awards program launched 11 years ago. Globally, CBRE was also ranked highest overall in the Sales/Leasing and Valuation categories.

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Tereza Matejkova

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