Dorottya Udvar takes the lead on Budapest's most vibrant office market, that of South Buda: the office building’s new tenants have signed contracts for nearly 5,000 square meters of office space by the end of October this year, while existing customers extended their lease on nearly 2,500 square meters. With the new contracts and extensions, Dorottya Udvar closes an outstanding year this year, with record high occupancy levels.
South Buda has always been one of the most popular office markets in Budapest, here is the lowest the vacancy rate. According to the data of the Budapest Research Forum, the vacancy rate fell below 8 percent in the third quarter of 2015, which is significantly below the 13.5 percent average of the capital. Dorottya Udvar plays its own part in the increasingly better-utilized office market: numerous companies, cutting-edge within their own industries, have signed leases in the prestigious office building.
The leading player in the Hungarian optical market, GrandVision, the pioneer in robotics and automation technology KUKA Robotics, the global healthcare solutions company, Medtronic, one of the world's leading automotive service provider, MSX International and the pet food manufacturer Royal Canin lease nearly 5,000 square meters of new office space in Dorottya Udvar. The current tenants also recognize the benefits of the office building, the loft-inspiring headroom, the energy-saving solutions, the exceptional inner courtyard or the private shuttle bus service operated for the employees' convenience. Thus extended the lease Organo, PSA Finance, LeasePlan and Wild Hungaria - on a total of nearly 2,500 square meters.
In addition to the tenants, independent experts also recognize the virtues of Dorottya Udvar: the building received "Excellent" rating in the BREEAM classification in the "in use" category in the Spring of 2014. No other operating office asset has received such a high rating in Central Europe.
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