September 17, 2025

Hungary

Florian Nowotny Appointed Group CFO at Indotek

Property investment conglomerate Indotek Group has announced the March 3, 2025 appointment of Florian Nowotny as Group Chief Financial Officer.

Front Line Hungary Puts Distribution Center at CTPark Budapest West

Front Line Hungary has launched operations at its new, 1,500-square-meter distribution center at CTPark Budapest West.

WING Reports Success in 2024 Transactional Market

Budapest’s WING Group is reporting that it “achieved significant success in the transaction market last year."

Zoomlion to Make EUR 100 Million Investment in CTPark Tatabanya

China’s Zoomlion has signed a 10-year lease agreement with and will relocate its operations to CTPark Tatabanya in Hungary.

ARM Processors to Move Into Millennium Gardens in Budapest

The transaction was facilitated with the support of CBRE, representing the landlord, and IO Partners, representing ARM Processors.

Eva Kovacs Becomes New Head of Real Estate at Jalsovszky

Before joining Jalsovszky, Kovacs spent almost six years at the helm of the Nagy-Kovacs law firm.

Ruby Announces Market Entry into Eastern Europe with New Hotel in Budapest

Ruby Hotels has introduced its first Hungarian property and first Lean Luxury Hotel in Eastern Europe — in Budapest’s historic Corvin Palace.

WING to Acquire Green Electricity from ALTEO

As part of this strategic partnership, over the next two years, ALTEO will cover the energy needs of the entire portfolio of WING Industrial.

Granit Asset Management Acquires Historic Exchange Palace Building in Budapest

Granit Asset Management has acquired the historic Exchange Palace building in the heart of Budapest from private investors.

Skanska Begins Construction on Second Building of H2Offices Complex

The 8-story building, which will offer around 22,000 square meters of gross leasable area, is scheduled to be commissioned in the first quarter of 2027.

Liberty Office Complex in Budapest Welcomes New Tenants

Hungarian developer WING is reporting that Zenitech Consulting Zrt. has signed a lease for 1,500 square meters of office space at WING’s mixed-use Liberty building.

CTP Builds Logistics Center in Hungary for Tesco

CTP has handed over a new 100,000-square-meter logistics center in Hungary to Tesco.

Seidel Hungaria Ingatlankezelo Sells Industrial Asset to Muszertechnika Holding

Seidel Hungaria Ingatlankezelo has sold an industrial asset with 3,500 square meters of gross leasable area in Ajka, Hungary, to Muszertechnika Holding.

Bank Gospodarstwa Krajowego Finances Puro Hotel’s Hungarian Expansion

Bank Gospodarstwa Krajowego has entered into a EUR 40 million financing agreement for the development and long-term investment of a Puro Hotel in Budapest.

WING Sells Honved Center in Budapest to Greve Group

WING has signed an agreement to sell the Honved Center office buildings in the Central Business District of Budapest to Greve Honved Kft.

WING Hotel in Budapest Wins at 26th Hungarian Real Estate Development Excellence Awards

WING’s dual-branded ibis&TRIBE Budapest Stadium hotel project has received a special award from the Hungarian Hotel and Restaurant Association

Living Completes First Phase of Its Greenest Residential Park

Living has announced that the first phase of its greenest residential development, Le Jardin on Rozsnyay utca, in Budapest’s District 13, has received its final use permit.

Quick Service Logistics Expands Space at CTPark Budapest East

CTP has signed a lease expansion with Quick Service Logistics at its CTPark Budapest East logistics park in Hungary

Big Night for WING at Europa Property CRE Real Estate Awards

WING is announcing that it won multiple awards at the recent EuropaProperty CRE Real Estate Awards

Living Announces Completion of Kassak Terrace in Budapest

Living has announced the completion of Budapest’s Kassak Terrace, the third phase of the company’s Kassak Project.

Philip Wood Joins Indotek

Indotek Group has announced that Philip Wood has joined the company as its new Head of International Transactions & Asset Management.

RTL Hungary Moves into WING’s Liget Center in Budapest

One of Hungary’s largest commercial TV channels, RTL Hungary, has moved into a new home in downtown Budapest, the Liget Center

WING Announces Final Stage of Liberty Complex in Budapest

Liberty, a mixed-use development by WING, offering office and hotel functions, is located in Budapest’s Ninth district.

Recorde and Forestay Acquire Building for Student Residence in Budapest

Recorde Asset Management and the Forestay Group have acquired a building in Budapest’s Gellert Hill area.

S IMMO Buys BudaPart Gate in Hungary

VGP Enters the Budapest Market