Cleaning underground garages is a challenging and complex task, which the FirstClean team can handle with the right tools and machinery. The joint representative of an 85-apartment apartment building approached our team with a request to clean the two separate underground garages of the building, which was completed three years ago and has a total capacity of 60 cars. During the survey, we were confronted with the fact that over the years, the area had accumulated so much dirt, dust and grime that the average cleaning time had increased considerably compared to the planned time. The day before the cleaning, most of the residents parked out in the yard, leaving the car park empty. We started work at sunrise to allow time for a precise, thorough job with our professional cleaning machines. Our underground garage cleaning services: - mechanical and manual chemical cleaning of floor coverings - dusting and wet wiping of wall pipes - floor-to-ceiling cobweb removal - vacuuming from floor to floor using Kaercher industrial vacuum cleaner - sill sweeping - scan-door gate cleaning - single disc mechanical floor scrubbing - floor cleaning with a ride-on double disc machine - mop wiping of floor The underground garage is located at the garden level, so it is no surprise that cobwebs infest the corners, ceiling ducts and vents. As a first step, we used our telescopic dusting tools to clear away all the cobwebs. In a second step, we wet-wiped the fittings, ledges, light fixtures and pipes, which had accumulated several inches of dust over the years. Read

Have you ever thought about how many of our daily activities are driven by habits and ingrained routines? We don’t even think about pressing the buttons on the coffee machine a couple of minutes after entering the office. When bustling in the workspace on busy days, we follow known shortcuts from one meeting room to another to save us time while grabbing an apple for a quick snack in the kitchen. Read

Belgian developer Atenor completed the construction of Aréna Business Campus Building “A” in Budapest. The project, launched in spring 2018, will comprise four Class A+ environmentally conscious office buildings on 72,000 sqm on the capital’s Hungária Boulevard. The authorization of the occupancy permit for Building “A” is currently under process with the handover of the 21,000 sqm building scheduled for June. In parallel, the construction of the second, Building ”B” is in full swing and will be completed in Q2 2021. Read

NAIOP, the Commercial Real Estate Development Association, is predicting that the coronavirus outbreak will accelerate trends that had been forming in commercial real estate and cause dramatic changes in the industry faster than had been anticipated. The crisis will result in some short-term contractions in the industry, but will lead to a long-term expansion for commercial real estate generally, particularly in the industrial and warehouse sector.   Read

The number of offshore companies in Hungary has halved in seven years, but this does not mean that concealment and tax optimization have been reduced, says azenpenzem.hu.  Read

The Budapest Research Forum (BRF) says that total modern industrial stock in Budapest and its surroundings stood at 2,246,960 sqm at the end of Q4 2019. Read

The construction of Millennium Gardens, TriGranit’s newest office development in Budapest, has reached the ground floor level, the developer tells the Budapest Business Journal. Read

FLE GmbH, a member of the LFPI group, says that the occupancy rate at its portfolio in Austria, Germany and Switzerland and in CEE has risen to 98.5%, with the overall value reaching about EUR 1 billion. Read

Cordia, the Hungary-based Futureal Groupʼs residential development subsidiary, has started building its highest residential building project in Warsaw, named Horyzont Praga, bringing 164 apartments on 18 floors right next to the river Vistula. Read

Already 75 metres high, with its construction now exceeding 17 floors, the soon-to-be tallest skyscraper in Europe, the Varso Tower, currently being built in Warsaw, is set to be finished next year. Upon completion the structure will stand at 310 metres and it will unseat 309.6 metre Shard in London from its top position. Read

Skanska has sold its Nordic Light Trio office building in Budapest to JR AMC, a South Korean real estate investment trust. This is the buyerʼs first office investment in the CEE region after transactions in Vienna, Dublin, and Paris, according to a press release sent to the Budapest Business Journal. Read

RSM Hungary, which provides advisory services in the field of tax, audit, accounting and payroll, will move in as a new tenant of CPI Groupʼs Balance Hall in December 2019, renting an entire floor of the building on Budapestʼs Váci Corridor. Read

The Etele Plaza mall and Budapest One Business Park are set to enter the next phase of development in South Buda, as the former is nearly structurally complete, while the latter already has a complete facade, according to a press release sent to the Budapest Business Journal. Read

The expansion of the European logistics real estate market continued in 2018, ”said Prologis at today's press conference. Demand was strong, the vacancy rate declined, and the long-awaited increase in rental rates began.   At the beginning of 2019, more and more concerns were raised about the mutability of the capital market, about the trade tensions between the US and China and about the potential impact of Brexit on global GDP. Despite the fact that the logistics real estate market closed strongly in 2018, growing concerns at the beginning of the year will inevitably lead to the question: what can we expect in 2019?   Read

According to a report by the Budapest Research Forum (BRF), the modern Budapest office stock was extended by a total of 44,265 square meters in Q4 2018, growing the total modern office stock to 3,628,105 sqm, with a 7.3% vacancy rate, and with total annual demand reaching the 2015 record volume. Read