Budapest, 22nd January 2009

The Investment Department at the Hungarian office of Colliers International concluded a very strong 2008 by closing eight transactions, which represents approximately 30% of the Hungarian investments in last year. “In a market that has experienced a dramatic downturn in transactions this result is very satisfying and pleased our clients greatly. Instead of talking about doom and gloom we have assisted in adding or defending value and we have helped to keep the market alive!” commented Hamish White, a Partner in the firm and Head of Investment.

Colliers International concluded transactions in practically all asset classes and achieved excellent pricing in a market that is clearly in freefall. Transactions closed included a large stand alone retail property, a retail portfolio (Pecs and Budapest), an industrial portfolio and a character office building located in the 5th district of Budapest.

“Our business model allows for us to be very flexible in the sales mandates we take on and our team has to be one of the most experienced and motivated on the Hungarian property market. We have started 2009 with five sale mandates and expect 2009 to be an extremely busy year”, summarized Hamish White.