• Skanska Sells Mill Park To Erste Real Estate Fund

    Skanska Sells Mill Park To Erste Real Estate Fund

    • 13 Aug 2018 11:53 AM

    Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt., a subsidiary of Erste Asset Management GmbH. This is the second acquisition from Skanska in Budapest the purchaser has made following the Nordic Light transaction in 2016.

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  • BMW Factory To Lift Real Estate Prices In Debrecen

    BMW Factory To Lift Real Estate Prices In Debrecen

    • 6 Aug 2018 9:04 AM

    Home prices in Debrecen could rise by up to 40% in three or four years, when German carmaker BMW starts production in its new factory in the city, Nándor Mester, chief analyst of real estate group Otthontérkép Csoport told state news channel M1.

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  • ERSTE Real Estate Fund Acquires Promenade Gardens

    ERSTE Real Estate Fund Acquires Promenade Gardens

    • 6 Aug 2018 7:05 AM

    Promenade Gardens, the recently completed office building located on the prized Váci Corridor, changed hands on Wednesday (August 1), when ERSTE Real Estate Fund purchased the 97% leased property from the developer, Budapest-based Horizon Development.

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  • Hungarian House Prices Increase Further In Q1

    Hungarian House Prices Increase Further In Q1

    • 2 Aug 2018 7:56 AM

    Hungarian residential property prices rose by an average of 5.4% in nominal terms in 2018 Q1 compared to the previous quarter. This is a significant increase compared with the rate of price growth in the final quarter of 2017, the National Bank of Hungary (MNB) reported.

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