Krisztina Palace the landmark office building of the Buda side has been sold to Erste Real Estate Fund from the current owner Union Investment. The deal was facilitated by CBRE the world’s leading real estate consultant, representing the seller.
Hungarian market half-way to exceed last year’s investment volume.
Total real estate investment in Europe reached €74bn in Q2 2017, representing a 25% increase on the same period last year, according to the report from global real estate advisor, CBRE. Central Europe as a region proves to be more attractive to international investors than last year with Hungary accounting 15% of the overall investment volume.
Hong Kong (Central) and London’s West End topped the list of prime office occupancy costs again, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. Annual prime office occupancy costs total US$197 per sq. m. in Budapest CBD.
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