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.
Prologis, Inc., the global leader in logistics real estate, today announced that it will deliver an additional 20,500 square metre facility for Mall.cz, an online consumer goods and electronics store, at Prologis Park Prague-Jirny. The building is scheduled for completion in the third quarter of 2016.
Demand for industrial properties lifted significantly in Q1 2016 in Budapest industrial markets and the hegemony of BTS projects has not broken yet. In the Budapest-South submarket vacancy rate dropped to 4.4% triggering two speculative projects. CBRE was involved in multiple major leasing transactions covering 80% of the real estate agency led transactions.
Prologis, Inc., the global leader in logistics real estate, today celebrated the grand opening of a 25,414 square metre build-to-suit facility for BMW Group at Prologis Park Bratislava with an official ribbon-cutting ceremony.
OTP Real Estate Investment Fund has acquired a high-value logistics property within the Industrial Park of Győr. The 30-thousand-square-metre warehouse is fully utilized due to its high quality, state-of-the-art infrastructure and strategic location. Among its tenants there are domestic as well as multinational companies. The purchase is part of a portfolio optimization strategy, by which the Fund aims to increase the yields of the OTP Real Estate Investment Fund.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q1 2016 industrial market snapshot.
Prologis, Inc., the global leader in logistics real estate, today announced that it has broken ground on a speculative facility, totalling 21,000 square metres, at Prologis Park Budapest-Sziget. Construction is scheduled for completion in the third quarter of 2016.
