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Stay up to date with the latest news of ESTON, and across the commercial real estate market.
In the third quarter of 2025, ESTON’s Capital Markets division further strengthened its presence in the Hungarian investment market. By successfully closing two major office transactions, the team demonstrated its professional expertise, market insight, and its ability to manage complex deals in a structured, transparent, and client-focused manner.
At the Portfolio Property Awards 2025, ESTON International was honoured with the “Property Management Company of the Year” award. This recognition is one of the most significant acknowledgements within the Hungarian real estate market, highlighting outstanding professional performance in the field of property management.
Based on current market data, it is possible that no new speculative office building will be completed in Budapest this year.
ESTON International, Hungary’s largest fully Hungarian-owned commercial real estate advisory firm, has successfully concluded the sale of the heritage-listed property at 72–74 Váci Road. Standing on a 10,349 m² plot and offering a total floor area of 22,584 m², the property was sold under an exclusive advisory mandate, with ESTON providing full professional support from strategic preparation till closing.
Shopper Park Plus (SPP) has signed a letter of intent appointing ESTON International – the Hungarian partner of Savills – as the exclusive property manager for its Hungarian retail park portfolio from 1 January 2026.
The new tenant will occupy approximately 1,000 sqm of office space, starting in September 2025.
According to Adorján Salamon, Managing Director of ESTON International, there is no cause for concern—even though the latest data from the Budapest Real Estate Consultants Forum (BIEF, BRF) shows that the vacancy rate in the industrial-logistics segment has risen above 10%, and the absorption rate has turned negative.
The first quarter of 2025 opened on an optimistic note for the commercial real estate sector, and ESTON Capital Markets played a key role in this gradually strengthening market environment.
MOL, the leading energy company in Central and Eastern Europe, and ESTON International, Hungary’s largest locally owned commercial real estate advisory firm, have announced a collaboration covering over ten Western, Central and South-East European countries. Under this partnership
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