CPB Hungaria to become EHL Hungary

Active throughout the region of Central Europe, CPB Immobilientreuhand GmbH is changing its name after a management buyout and will be operating under the name of EHL Immobilien GmbH in the future.

CPB Hungaria to become EHL Hungary
•    New name after management buyout
•    Leading market position in Austria, increasing revenues in CEE
•    Comprehensive range of real estate services

Accordingly, the name of CPB Hungaria will also change, operating on the market in the future as EHL Real Estate Hungary Kft. The new internet site is www.ehl-hu.com.
 
Because of CPB’s high degree of recognition in its core markets in Hungary, Austria, the Czech Republic, Poland, Slovakia and Romania, its corporate design will only be moderately altered. The distinctive square blue logo will remain the central element of the company’s new image designed by the renowned international advertising agency Lowe.

Headquartered in Vienna, EHL Immobilien is market leader in the area of commercial real estate in its home market. Considerable growth was generated in the five CEE subsidiaries in 2008 and in the first half of 2009. Altogether EHL Immobilien sold or let properties with total usable space of 340,000 sqm in 2008; in the first five months of 2009 an increase of 40 percent was attained year on year. By leasing 6,500 sqm to BP in February 2009, EHL Hungary managed to broker the biggest letting of 2009 in Hungary.

Parallel to the name change, the range of services provided is also being expanded again. In addition to the core areas of office, retail and logistics rentals and investment consulting, the business in valuation, consulting and market research will be considerably developed. Recently, asset management for institutional property investors was also begun as a new business field.

“Despite the difficult economic environment we are pursuing a clear strategy of growth,” says EHL Hungary Managing Director Robert Hermandinger. “Without any doubt, the significant transformations in the real estate market mean an opportunity for us to obtain new customers with high quality and comprehensive services. For this reason we will expand the number of personnel in the next few months even further.”