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Articles - office rentals

Bucharest, Europe’s least expensive office space market in 2013 too

This year, too, Bucharest is the European capital with the lowest-priced market in terms of office space rentals, Budapest is second-lowest, followed by Talin, Vilnius and Riga, according to a DTZ study which examined 34 real estate markets across Europe, according to Hotnews.

Olympia Tower 95 percent let

Olympia Tower has reached an agreement with what it calls an “important retailer” which will be leasing 1,100 sqm of office space, leaving just 5 percent of the building available for tenants.

Billion-forint investment in Alkotás Point - Change of owner, complete rejuvenation of award-winning office building

The new owner of Alkotás Point is investing the record sum of almost HUF 1 billion in a series of major development projects in 2012 and 2013. The Chicago-based investment manager Heitman, which purchased the office building last January thru its Hetiman European Property Partners IV fund (HEPP IV), has forged ahead with the building’s reconstruction and the incorporation of environmentally friendly solutions despite the economic crisis. The improvements to this complex of buildings, also known as the western gateway of Budapest, will continue in 2013.
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