Hungaryʼs competition office GVH has approved the acquisition of direct sole control by investment fund Magyar Posta Takarék Ingatlan Befektetési Alap (MPTIA) and thereby indirect sole control by fund manager Diófa Alapkezelő of property investment company EURO-MALL Ingatlanbefektétesi, GVH said today.
The robust occupier market has continued into this year, following last year’s record in terms of take-up with several large pre-lease transactions and a reduction in new supply, which has motivated real estate developers to break ground on series of new projects to be completed in the following years, Cushman&Wakefield said today in a Q2 report.
The KAPTÁR co-working space in Budapest has been selected among the world’s top 10 shared workspaces by Forbes, origo.hu reports. Forbes compiled a list of the 10 best co-working spaces in the world based on the reviews and ratings users have left on coworker.com.
A Chinese investment holding is awaiting approval from the city of Budapest to buy the Rác thermal baths and adjoining luxury hotel, business news website Napi reports. The transaction price (undisclosed) has been placed in escrow.
Britain’s forthcoming exit from the EU may have positive effects on the real estate market both in Hungary and in western Europe, the portfolio manager of OTP Bank’s Real Estate Investment Fund said in an interview published by business daily Világgazdaság.
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