The Budapest Research Forum (BRF) which comprises: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary now reports its Q4 2014 industrial market data.
Daejung, the automotive supplier opens its first manufacturing operation in Hungary. The company chose the Europolis Park Budapest M1 industrial and logistics park on 4,700 sq m. CBRE introduced the tenant and represented the landlord with DTZ.
Prologis, Inc., the global leader in industrial real estate, today announced it has signed a lease agreement for 20,750 square metres at Prologis Park Budapest–Gyál with GE Hungary.
The Budapest Research Forum (BRF) which comprises: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary now reports its Q3 2014 industrial market data. In Q3 2014 the size of the modern industrial stock in Budapest and its surroundings remained unchanged totalling 1,848,100 sq m.
A total of €8.7 billion was invested into European industrial real estate during H1 2014, a 25% increase versus H1 2013, and the highest first half total since 2007. New data from global real estate advisor CBRE also shows that industrial property now makes up 10.3% of the real estate investment market, up from 9.5% in 2013.
CBRE has advised on the successful sale of the 19-asset Curve Portfolio on behalf of SEB for approximately €350 million to global investment firm, Blackstone and to market leading investment fund management house, Tritax. This is the most geographically diverse logistics portfolio ever sold in Europe.
The logistic service provider enlarged its base with nearly 2,300 sq m at VGP Park Győr. After renting 1,335 sq m of logistics and 116 sq m of office space last year, one of Hungary's leading logistics companies, Gebrüder Weiss has signed a further 2,181 sq m of industrial and 118 sq m of office space in VGP Park Győr.
Joerg has coordinated the CEE Occupier Services business lines out of the Warsaw office for the last three years and has worked on transferring CBRE teams to an integrated platform. He will now focus solely on the expansion and relocation of large-scale industrial occupiers in the CEE.
