In connection with the epidemic, the share of retail e-commerce increased significantly, generating elevated warehouse demand in the domestic logistics market. As changing needs require quick reactions, ConvergenCE has prepared a ready-made product in Tárnok where the construction of an 8,000 m2 logistics hall can be started immediately.
Property investor and developer ConvergenCE has announced that from December 2020, Csaba Zeley will take up the position of Managing Director. Alan Vincent will continue as a non executive Director, leading fund raising for future investments as well as pan European service provision to cross border investors.
The largest privately owned hostel-chain in Europe a&o Group will open its first quarters in Budapest in 2019. The German group creates a modern hostel by simultaneously restoring and transforming a historic property into a 108-room hostel. ConvergenCE is to lead the complete reconstruction of the selected property in Csengery street.
CityZen Office Building was visited by the TV show “Otthontérkép” (Homemap), airing on TV2.
How does a CEE real estate pioneer see the post-crisis CEE market? How did CEE markets transform into mature property markets starting in the late nineties? Which countries are the most attractive in the region? What does the Budapest market offer? We spoke to Alan Vincent, B.Sc., MRICS, managing director of ConvergenCE. You are … Read more
Europa Capital LLP, on behalf of Europa Fund II, and ConvergenCE have concluded a significant new loan to refinance Eiffel Square in central Pest, with pbb Deutsche Pfandbriefbank. The EUR 33 million refinancing from pbb Deutsche Pfandbriefbank closed at the end of 2013.
ConvergenCE has carried out the task of monitoring the Poznan City Center development process. ConvergenCE was appointed for the project monitoring task by Europa Capital for the extensive professional experience it possesses. As the investors’ representative, the main tasks were reporting on compliance of construction with quality and professional standards, monitoring procurement, checking evidence of … Read more
With real estate investment transactions for 2012 totaling only €120 million and new supply of commercial real estate 75% or more down on historic levels for 2013 and 2014, it is clear that not only has there been a dramatic and necessary response to the oversupply of commercial space but that the availability of domestic … Read more
Z+D moved to City Point 9 City Logistic Centre, after realizing the business park uniquely matches all of their requirements. After signing the lease agreement, the tenant occupied their 1,200 sq m storage and office space at building B at the beginning of March.
When vacancy rates for most real estate sectors remain stubbornly high and the prospects of oversupply continuing for years to come present a gloomy outlook for owners of all except the best property, what can be done? Many building owners seem to hope for the best as far as keeping existing tenants is concerned and … Read more
