As part of its strategic growth plan, Newmark VLK Hungary is strengthening its tenant advisory business line. Edina Fodor joins the company as Head of [...]

Landmark 18,800 sqm Class A office building acquired in Budapest’s South Pest submarket Budapest – Europe's fastest-growing and ultra-low-cost airline, Wizz Air has acquired Millennium [...]

For the tenth time, Portfolio Ingatlan presents the most prominent and influential figures of the Hungarian real estate market—those whose names have been associated with [...]

The Business Ethics Award has been recognizing responsibly and ethically operating Hungarian companies for 26 years. This prestigious accolade is granted to only 10 companies [...]

There was a distinct improvement in the mood and feeling at Expo Real 2025 compared to the previous year. The cautious attitude from investors has [...]

The most effective pressure on office developers and investors to adopt sustainable business practices and develop ESG-compliant products is seen as the mandatory disclosure obligation, [...]

Valter Kalaus, former swimmer of the 1988 Seoul Olympics and board member of the Hungarian Swimming Federation, achieved the greatest success of his career at [...]

The Top Real Estate Executives magazine is a special annual publication of the Budapest Business Journal. The magazine presents the profiles of the most influential [...]

The hotel and leisure sector has become an increasingly popular development option, as Budapest, and indeed Hungary, attract rising numbers of turists. Budapest Ferenc Liszt [...]

Giant Bicycles, one of the world’s leading bicycle manufacturers, has officially opened its first Hungarian concept store at Promenade Gardens, a prime office location on [...]

According to the tenant representatives and consultants, Newmark VLK Hungary, Hungary’s industrial and logistics market is increasingly driven by client specifications. "Current and future demand [...]

The European Milestone Business Awards is an international business awards ceremony held in London, where in 2025 ten Hungarian business leaders and companies were recognized [...]

Delegates to Mipim, the annual commercial real estate and investment expo in Cannes, were concerned with whether there is a sustained improvement in the development [...]

According to Valter Kalaus, Managing Partner of NEWMARK VLK HUNGARY, the Hungarian real estate market is going through an exciting period: the significance of home [...]

We are very proud that our Managing Director, Valter Kalaus, competed at the World Aquatics Masters Championships 2024 in Doha as a member of the [...]

Newmark VLK Hungary – Professional Service Provider of the Year 2024 EuropaProperty hosted the 6th annual CRE Awards at the prestigious Intercontinental Hotel in Budapest, [...]

Development in the Budapest office market is low, with developers exercising caution and new projects not being initiated in an uncertain and demanding financial environment. [...]

Budapest faces the challenge of preserving its classic Central European "fin de siecle" look and atmosphere while developing its role as a modern city, business [...]

The hotel and hospitality sector is once again regarded as an attractive development and investment option. Hungary, and particularly Budapest is seen as a popular [...]

Several hundred thousand square meters of office space are expected to become available in Budapest as state organizations relocate to new offices. This shift presents [...]

"Does the real estate business matter? Beyond the not insignificant fact of putting a roof over our heads, whether in the office, at home or, [...]

Ultra low-cost airline Wizz Air has relocated its headquarters to Millennium City Center office park in Budapest. The company secured an 8,000 sqm of office […]

Leasing ground floor spaces of office buildings to retailers may help to retain core office tenants, even if it is done at a depressed price. [...]

It remains an open question when investment activity in Hungary and the CEE region will pick up ater a subdued period due to concerns over [...]

Newmark VLK Hungary – Best Real Estate Service Provider of the Year 2023 Valter Kalaus, Managing Partner – Real Estate Grand Prix 2023 The Central [...]

Valter Kalaus won three gold and two silver medals at the Masters Swimming European Championships organized by LEN (European Aquatics) in Madeira last week. The [...]

Hungary, and Central Europe in general, has successfully ptomoted itself as advanced but cost-effective business destinations for international companies looking to establish what used to [...]

Newmark VLK Hungary – Professional Service Provider of the Year 2023 Newmark VLK Hungary – Tenant Representation of the Year 2023 The CRE Awards celebrate [...]

NEWMARK VLK HUNGARY’S Managing Partner says demand for experienced advisors providing high added value is ever growing, as the alternative – rectifying a poor lease [...]

"Welcome to what is the third annual iteration of this publication, although those of you with a careful eye for typography and design may have [...]

The efficiency of the Budapest office market could be greatly improved if areas that were sought after by tenants were freed up or built. Currently, [...]

Hungary, and the region in general, is again seen as an increasingly attractive tourism and business destination. Guest nights have been on an upward trajectory; [...]

One of the significant challenges for office developers in Budapest is sourcing suitable-sized, well-located development plots with direct public and private transport links that provide [...]

A number of hotel projects are at various stages in the preparation and construct in process in Budapest and across Hungary, although pipelines are difficult [...]

Few office projects are expected to be undertaken in the near future as players are exercising caution in an uncertain market environment. However, despite concerns [...]

Newmark VLK Hungary – Best Real Estate Provider of the Year 2022 Valter Kalaus, Managing Partner – Real Estate Grand Prix 2022 The Hungarian Business [...]

Newmark VLK Hungary - Professional Service Provider of the Year 2022 Valter Kalaus, Managing Partner - Professional of the Year 2022 The CRE Awards celebrate [...]

The Top Real Estate Executives magazine is a special annual publication of the Budapest Business Journal and forms part of the BBJ’s prestigious and growing “Top [...]

With the increased importance of office interiors, property management and facility management are seen as needing to adapt to new and enhanced requirements to meet [...]

Although restrained delivery in recent years means there is little risk of oversupply in the Budapest office market, a rethinking of working habits and broader [...]

The 7th annual edition of the HOF Awards was held on 21st April 2022. The Best of the Best Hall of Fame Awards is the [...]

Although there is little risk of oversupply in the Budapest office market with restrained delivery in recent years, a reconsideration of working habits and time […]

The Budapest office market is recovering from the COVID stage. Although new construction and refurbishments have slowed a bit, they have not stopped. There are [...]

When do you expect a recovery in the hotel market and what occupation rate is necessary for projects to be viable? “When Covid started two […]

CIJ Awards Hungary 2021 was held 9th March 2022 at a private luncheon event at the lovingly restored Four Seasons Hotel Gresham Palace in Budapest [...]

New York, NY and Budapest, Hungary (January 18, 2021) – Newmark Group, Inc., today announced an agreement with Budapest-based VLK Consulting, which will become Newmark […]

The letting and investment deals concluded during 2021 reflect the positive positions of the office and industrial sectors and the favorable prospects for the hotel […]

The office market faces challenges regarding financing, demand, pre-leasing requirements, tenant specification, staff requirements, and, not least, working habits for the post-pandemic era. Although most […]

Opinions differ as to how many planned projects are going ahead in a changing market environment regarding financing, leasing, sustainability, design, and investment. Budapest Business […]

The Budapest Business Journal talks with Péter Takács of Newmark VLK Hungary a about the state of hotel development in Hungary. A partner at the […]

The Top Real Estate Executives magazine is a special annual publication of the Budapest Business Journal. The magazine presents the profiles of the most influential real […]

As the office market faces the potential of changes demanded by the post-COVID environment, Budapest must also deal with challenges over demand and supply, developing […]

The Budapest Business Journal was saddened to learn on the day our last issue was published that Attila Kovács, founder and managing partner of DVM […]

Flexibility and effective change-management have become the number one priority in the office market for the past year since the pandemic reached Hungary and restrictions […]

Valter Kalaus is admittedly a key player of the Hungarian real estate market: daytime he’s the managing director of VLK Cresa, a significant leader in […]

The pursuit of security will be dominant in 2021 for commercial property tenants. One or two old interior design forms are coming back, and the […]

2020 brought great changes in the domestic real estate market. Many have been guessing what event, or how and when it will end the unbroken […]

Sustainability issues have become key elements of the planning, construction and management of office and, increasingly, other commercial properties. This is in large part due […]

Belgian developer purchased a 30-hectares plot from Erste Real Estate, assisted by Newmark VLK Hungary The logistics sector of Hungary is booming despite the pandemic, […]

Corporations leasing larger office spaces are re-evaluating the use of their property, and they are allowing other companies to occupy 15-20% of their unused floor […]

COVID-19 pandemic:  In case they have a flexible approach to their real estate strategy, and they are open to new solutions, we can help them […]

Jysk bought their land from Erste Ingatlan Kft, to build a distribution centre in Ecser Erste Ingatlan Kft, a subsidiary of Erste Bank Hungary, has […]

The new office restaurant network that will revolutionize office dining is helped by Newmark VLK Hungary Béla Szini, one of the owners of Pomodoro, started […]

With today’s market conditions tenants are in a more vulnerable position than ever before. You can read some interesting market trends from Valter Kalaus, the […]

The Budapest office boom remains for the next three years, and by 2022 approximately 600.000 m2 new office space will be added. Though the employment […]

What’s next for the office market? What do occupiers want? What effect would an economic slowdown have on development? Heads of the European offices of […]

At the CEE Property Forum 2019, held in Vienna on 18-19 September, was set as a goal to gather the leading decision makers of the […]

a&o Hotels and Hostels, one of the largest European hostel companies is about to establish a strong presence in Budapest, according to Péter Takács, Partner […]

There is a rapidly spreading new buzz on the real estate market: proptech. The Budapest Proptech Forum conference had a high interest which proves that […]

Europe’s largest hostel chain a&o is set to open its first property in Budapest. The company has been searching for suitable properties for a year […]

Our latest expert article – that we made together with MN6 energy agency – about the WELL office concept was published in BBJ. The article […]

Our colleagues are not only masters of the real estate market, but have a great talent for water sports as well. Our market experts performed […]

From a landlord’s perspective, shared service centers make near perfect tenants given their demand for large floorplates and typically long-lease periods. That makes it all the […]