NEWS IN ENGLISH | IMMOFINANZ rents more than 14,000 sqm of office space in Budapest
IMMOFINANZ rents more than 14,000 sqm of office space in Budapest
2018-07-31 10:00:00

IMMOFINANZ, one of the leading players in the Hungarian office market, has signed various lease agreements in the first half of 2018 accounting for more than 14,000 sqm of its Hungarian portfolio. This is equivalent to 9% of its current overall leasable office space in Budapest. Of this figure, new and expanded leases sum up to 5,800 sqm and prolongations account for more than 9,000 sqm.

"More than 14,000 sqm of new leases and prolongations in the last six months is a truly remarkable number for the Budapest office market," said Viktor Nagy, Country Manager Operations Hungary, IMMOFINANZ. "The strength of our portfolio is its diversity both in terms of location but also in the range of services provided in buildings. Additionally, the introduction of our myhive office brand in Budapest was very well received on the market and among our tenants."

Both in the terms of lease prolongations and new leases and extensions the Office Campus property has been particularly successful and is now fully leased. Among the new tenants is the US company Flowserve Corporation, a leading global provider of industrial equipment design and manufacturing. The company will establish its new Flowserve Global Technology Engineering Center in the Office Campus' offices.

The Office Campus is located in the in the dynamically evolving 9th district with additional development potential within the park area. The buildings are in close proximity to the inner city and with easy access to the motorways and the airport, providing top quality working environment for more than 10,000 people.