Real Estate

Sun Microsystems Move to Millennium City Center

Sun Microsystems will relocate their offices from Buda Business Center to Millennium Tower II during summer 2009.

Arena Corner at the Centre of "Bank Expansion"

Arena Corner Building, owned by the Endurance Fund and managed by Orco Property Group, announced on May 6 that it will add another financial service provider, Allianz Bank, to the list of banking occupiers already present in the building.

Colliers International: Class B and C Market Gaining Attention

Real estate advisors and tenants generally focus on Class A office buildings on today’s market. However, thanks to an intensifying competition and a changing market, the Class B and C market, which have for long been in the shade, are also gaining attention.

Colliers International: Hotel Market Snapshot in the View of the Euro Exchange Rate

All the players of the real estate market pay great attention to the movements of the exchange rate of the Hungarian Forint (HUF) versus other currencies.

One of the Biggest Baroque Palaces in the Country to be Renewed

Construction work of the Edelény Palace Island Cultural and Tourism Centre priority project may get underway.

Colliers: 2008 Was a Record Year in Terms of Total Leased Space in Budapest

In Budapest, 2008 was a record year in terms of total leased space, according to Colliers International Budapest’s latest market report for the Industrial real estate market.  

Hotel Construction in CEE: Plenty of Room for Development – KPMG

While the ongoing economic crisis could place an obstacle to some planned projects, Poland and Romania are likely to be hot spots for hotel development in the near future.

Decathlon to Build Central European Logistical Center in Hungary

French sporting-goods chain Decathlon will build its central European warehouse and logistical center in Hatvan (N Hungary).

Public Tender Call for the Military Airbase

The Hungarian State Holding Company (MNV Zrt.) announced a single-round public tender to sell the real estates of the former military airport in Taszár.

Budapest’s Modern Office Stock Surpassed 2 Million Square Meters in the 2nd Half of 2008

Budapest’s modern office stock surpassed 2 million square meters in the second half of 2008, with 116,500 square meters of new space delivered in this period, according to DTZ’s markets overview.

News Monitoring