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Related news

Recovery sold its industrial property in Budapest

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.

New tenant to move to Viktória Park

Viktória Park Logistics Park - located in Üllő, in the South-East agglomeration of Budapest - has found new tenant with the cooperation of JLL. The new tenant, Orbico Hungary Ltd signed a lease agreement for 6000 sq m space including industrial and social areas. The tenant may expand in the future within the park.

PROMOTION AT CUSHMAN & WAKEFIELD BUDAPEST

Cushman & Wakefield (C&W), leading global commercial real estate adviser, promoted István Fazekas Head of Industrial Department to Associate, with effect from April 2014. István’s recent appointment to Associate is an acknowledgement of his accomplishments in the Hungarian Industrial Team. He has been leading a team of 3 since 2012 and has largely contributed to C&W’s success in the past years to become market leaders in this field as well.

Central Europe’s opportunity lies in the co-operation of regions

A total of 690,000 sq m of modern manufacturing, logistics and warehousing premises was developed in Central Europe in 2013 representing an investment of more than 330 million euros and creating around 3,700 new jobs in the region. These figures were released today by Cushman & Wakefield, the world’s largest privately-owned real estate adviser.