Office tenants in Budapest are set to benefit from a development boom which will deliver 350,000 m[sup]2[/sup] of new space onto the market in 2009, according to Colliers International Hungary. But developers and owners will have a more difficult time as the global economic slowdown dampens down demand. Therefore, some development projects should be delayed, the broker has suggested.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
