The View 7th edition

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INTRODUCTION

LÓRÁNT KIBÉDI VARGA MRICS Managing Director

Dear Reader,

The start of 2019 proved to be intensive, we have been working diligently to summarize the findings of 2018 and prepare the 7th edition of The View, CBRE Hungary’s biannual real estate magazine. The objective was and continues to be providing you with fact based, fresh market insights to support your business decisions. The magazine is dynamic in its nature, as we have been shaping it based on your feedback. We have revised our design to be more compact and facilitate understanding of the insights but remain comprehensive in our content. The booming Technological Revolution is transforming our civilization and the way we work and live. Innovation across all sectors is looping into commercial real estate as well. As a result, we had an exceptional year in terms of our Capital Markets, Advisory & Transaction Services, and Office business lines. Our Property Management team has nearly doubled the managed space. Thanks to the growing confidence of our clients and the favourable environment we managed to grow our business over 30% and our staff to 135 experts. We are proud that CBRE was the top-ranked real estate company on Fortune’s World’s Most Admired Company roster.We have been rising steadily on Fortune’smeasure of corporate reputation andfinally reached the number one position for the first time in 2019. Drawing from a base of some 1,500 companies, Fortune evaluated 680 companies from 30 countries in determining the Most Admired Companies. Fortune surveys board directors, executives and financial analysts to determine the rankings.

In our regional overview, Jos Tromp Head of Research Continental Europe puts the effects of political and macroeconomic events into perspective.

While innovation, digital transformation and disruption drive our business, we also find it imperative to stay true to our core values. I assume personal responsibility in building long-term relationships and attempt to help those in need. I am proud to continue our decade long co-operation with Szent Miklós Children’s Home & Elementary School to improve the conditions of both the staff and the children.

I am confident that you will enjoy reading the 7th edition of The View and don’t hesitate to contact the CBRE experts with any questions you may have.

With kind regards,

Managing Director Lóránt Kibédi Varga MRICS