Finext board proposes payment of HUF 994m dividend from assets

The board of Finext, the capital investments arm of Hungarian property developer Futureal, will propose to shareholders payment of a HUF 994m dividend from total assets at an annual general meeting on February 20.
BusinessTuesday, 11:05 January 31., 2012 Read more

HITA, intellectual property office partner to support SMEs

The Hungarian Investment and Trade Agency (HITA) and the National Office of Intellectual Property (SZTNH) have signed a cooperation agreement in the interest of improving the competitiveness and innovative activities of Hungarian SMEs, HITA told MTI on Friday.
BusinessFriday, 12:00 January 27., 2012 Read more

Hungary investment property transactions triple in 2011

The value of investment property transactions in Hungary jumped to €620m in 2011 from €180m in 2010, according to an analysis by commercial real estate services company CBRE.
BusinessTuesday, 11:25 January 24., 2012 Read more

Vacancy rate on Budapest office space market falls under 20%

The vacancy rate on Budapest’s office space market has fallen under 20% for the first time in two years, the Budapest Real Estate Consultants Forum (BRF) told MTI.
BusinessFriday, 16:05 January 20., 2012 Read more

TriGranit signs €119m syndicated loan for Polish project

Hungarian majority-owned construction company TriGranit on Tuesday said it signed a €119m loan with a syndicate of banks to raise finance for a €250m project in the Polish city of Poznan.
BusinessTuesday, 15:30 January 17., 2012 Read more

CA Immo refinances loan used to buy Budapest office property

Property developer CA Immo has refinanced a loan used to purchase a 24,000sqm office building in the city centre, CA IMMO Real Estate Management Hungary told MTI.
BusinessFriday, 13:40 January 13., 2012 Read more

Design for planned €120m Futureal development approved

Hungarian property developer Futureal wants to build a €120m shopping centre near Budapest’s Kelenfold railway station.
BusinessThursday, 17:50 January 5., 2012 Read more

Competition Office fines, launches procedure against property website operators

Hungary’s Competition Office (GVH) on Wednesday said it fined and launched a public action against the operators of three property listing websites for unfair business practices and contract conditions.
BusinessWednesday, 17:20 January 4., 2012 Read more

TriGranit sells stake in Budapest office development to Heitman

Hungary’s TriGranit has sold a 74% stake in four properties at its Millennium City Center development in Budapest to the American investment group Heitman European Property Partners IV for almost HUF 45bn, chairman Sandor Demjan said at a press conference on Tuesday.
BusinessTuesday, 14:25 December 20., 2011 Read more

TriGranit partners with Heitman in Millennium City Center

Hungarian property developer TriGranit has formed a joint venture with global real estate investment manager Heitman to own and operate four properties with a combined area of 70,000sqm in Budapest’s Millennium City Center, Cushman and Wakefield, an advisor for the transaction said.
BusinessMonday, 11:10 December 19., 2011 Read more

Hungary home sales jump as borrowers rush to join early FX mortgage repayment scheme

The number of homes sold in Hungary in November rose 25% over the monthly average for the year as borrowers rushed to participate in an early repayment scheme for foreign currency-denominated mortgages at discounted exchange rates, according to real estate broker Duna House.
BusinessThursday, 11:50 December 8., 2011 Read more

FHB Bank swaps service provider for 10% stake in property company

Property company BIF on Friday said FHB Bank acquired 10% of its shares from Budapest Ingatlan Holding in exchange for FHB Szolgaltato, which provides IT services to the lender.
BusinessMonday, 11:45 December 5., 2011 Read more

National Intellectual Property Council established

Hungary’s National Intellectual Property Council held its founding meeting at the National Office for Intellectual Property on Thursday.
LifeThursday, 13:30 December 1., 2011 Read more

TriGranit plans no new development in Hungary next year

Hungarian construction company TriGranit will not launch new developments in Hungary nex year while it will start new projects in Poland, Slovenia and Slovakia as well as will continue ongoing programmes, the economic daily Napi Gazdasag reported on Tuesday, citing Trigranit CEO Arpad Torok.
BusinessTuesday, 09:40 November 29., 2011 Read more

Orco Property Group to delist shares from Budapest bourse

Orco Property applied to delist the shares because of low trading volumes and to reduce costs related to the listing and to reporting, the company said.
FinanceWednesday, 13:30 November 16., 2011 Read more

Govt to limit size of new commercial buildings

The government has adopted a general construction ban on commercial buildings with an area bigger than 300sqms to take effect from January next year, government spokesman András Giró-Szász said on Thursday.
BusinessThursday, 13:30 November 10., 2011 Read more

Budapest Property Market Index falls in October

The Budapest Property Market Index, a quarterly measure of supply and demand as well as market players’ expectations, measured 92 points in October, down 10.8 points from July, but 8.2 points higher than its low point reached in July 2009, CEO of economic think-tank GKI László Akar said on Thursday.
BusinessThursday, 13:30 November 10., 2011 Read more

ECE to start building second phase of Árkád centre in Budapest

ECE Budapest has started the construction of Árkád II, the second phase of its Budapest shopping centre, managing director Gyula Gyalay-Korpos told the financial daily Világgazdaság on Wednesday.
BusinessWednesday, 11:25 October 19., 2011 Read more

Budapest office space, vacancy rate unchanged in Q3

The total area of office space in Budapest remained unchanged at 3.087m square meters in the third quarter, the Budapest Property Consultants Coordination Forum (BIEF) told MTI at the weekend.
BusinessMonday, 11:50 October 17., 2011 Read more

Almost €200m invested in Hungary property market in Q3

 About €197m was invested in Hungary's property market in the third quarter, data compiled by Cushman & Wakefield show. 
BusinessMonday, 12:55 October 10., 2011 Read more

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