Similarly to other real estate sectors, there is a clearly positive tendency during the last two years in the industrial property market as well. This more intense activity is fuelled by increased number of leasing and sales transactions that resulted into a net absorption rate outpacing the new supply. From a development perspective the market is experiencing a new turn, as a number of speculative projects were initiated again, which was not the case for many years, as since the economic downturn, developers were almost exclusively focusing on build to suit type of projects.
The Budapest Research Forum (BRF, which comprises: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q2 2016 industrial market snapshot.
Lurdy Logisztika Soroksár, operated by Lurdy Ház Kft. welcomes its new Tenant. Thanks to Colliers International, Hungary’s leading car glass retailer and wholesaler company, Pilkington AGR Hungary has contracted a long-term, warehouse, workshop and office area on 5,000 sq m.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q3 2015 industrial market snapshot.
Recovery Property Utilisation and Services Zrt., an affiliate company of CIB Group sold its industrial property located in the 10th district of Budapest with a total land area of 34 670 sqm and a total building area of 5 545 sqm. – said Andrea Pusztai, Associate Director at the Industrial Agency of Colliers International Hungary, who represented the Seller in the transaction.
