Program

 

08:00 – 08:45 | Market Presentation by Colliers International

08:45 – 09:15 | Breakfast: Sponsored by Colliers International

09:15 – 10:00 | Budapest office: Lies, myths...and inconvenient truths

Is Budapest's high vacancy rate overblown? Developers will argue that supply should be analyzed district by district, but try telling a foreign institutional investor that +20% vacancy doesn't matter. Developers are blaming banks for holding up projects, but what's the economic rational for building anything at the moment? A frank look at Budapest's most roller coaster sector.

10:00 – 10:45 | Retail: The ultimate stress test

Today's shopping centers were never built to withstand the current crisis. So two and a half years after the credit crisis began, how are they holding up? What have owners found out about their assets? Are tenants escaping their leases? Are their catchments as strong as they hoped? How effective is the property management proving to be? Are there any lessons to be learned as developers consider their next centers?

10:45 – 11:15 | Coffee Break

11:15 – 12:00 | Industrial: The wrong place at the wrong time?

Industrial developers in Hungary have the toughest sector, in what's arguably CE's toughest market. At some point, as unemployment bottoms out and supply shuts off entirely, existing industrial stock in Hungary will begin to look attractive again. But are we there yet? Are we even close? What signals are we getting from Western Europe that consumer and industrial demand is coming back?