Property market
Colliers Integrates Services Globally under a Single Brand
ImageColliers International offices in the Central & Eastern Europe have officially adopted the new Colliers International market position and brand, including a modernized logo, as part of a campaign being undertaken by offices around the globe to bring Colliers International real estate professionals and service lines under one enterprise.  
 
Tim Nicholls to head Colliers CEE Valuation
 Colliers International CEE has announced the appointment of Tim Nicholls to Managing Director, CEE Valuation & Advisory Services. Tim, who will be based in Prague, will have full responsibility for the company’s valuation business across Poland, Czech Republic, Hungary, Slovakia, Romania, Bulgaria and the Ukraine.
 
Vacancy rates have likely reached their peak
 Following the difficulties of 2009, experience so far this year indicates that the crisis is far from over in Hungary’s office market, with the trends largely unchanged from those seen in late 2009. Total office stock increased by 112,000 sqm, but the market was unable to absorb all of the new supply ...
 
Stabilization on the industrial market

 If 2008 was a year of records and 2009 the year of adapting in the Budapest industrial real estate market, then 2010 can so far be considered the year of stabilization. In terms of supply - which is in a declining trend -, leases and investments the market in the first half of 2010 has moved towards balance.

 
Confidence towards market and investor interest returning
 With the economy officially out of recession since the fourth quarter of 2009, real estate investor interest has also picked up, although investment volume has remained well below the level of recent years. The Hungarian market has started to recover from the negative effects of the financial crisis suffered last year,...
 
Cautiuos optimism on the retail market
 By the first half of 2010, retailers are expressing cautious optimism in the market, based on the latest report by Colliers International. Rents have stabilized, mainly the tenants have the upper hand in terms of lease negotiations; apart from closings, there were also examples of new openings; also ...
 
Three New Tenants in Mammut
 Mammut Shopping- and Entertainment Center has taken in three new tenants in the first half of 2010 with tenant representation by Colliers International. All three companies had been looking for a retail unit for the long term in the most successful shopping center in Budapest – as informed by Szabolcs Koroknai, Associate Director of Colliers Hungary, Retail Division.

 

 
Hungarian and regional changes at Colliers International

 Structural changes are underway from September 1st, 2010 at Colliers International, the world’s third largest commercial real estate services firm.  Tim Hulzebos will replace Michael Smithing as Managing Director for Colliers International Hungary.

 
Exceptional moment in the Momentum Office Building
 The Momentum Office Building is situated in the XII district on the corner of Csörsz and Nagy Jenő street. The office building is going trough exceptional moments in the office-market. 2 months before the technical delivery of the building a lease contract had been signed with DLA international attorney for 1320 square meters – said Miklós Saly,...
 
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