Henkel has increased its office footprint by nearly 1,000 sqm and extended its lease agreement for its entire premises, reflecting the strategic role of the Budapest AO Hub within Henkel’s operations and its importance to the company’s continued growth. ARM Hungary has expanded by almost 1,500 sqm and has likewise extended its lease. Following these transactions, both companies now occupy close to 5,000 sqm each at Millennium Gardens under new lease agreements.
These landmark transactions demonstrate the strong confidence that leading international companies place in Millennium Gardens and underline the building's ability to meet the long-term workplace requirements of global occupiers.
"Having our two largest tenants simultaneously expand their office space and commit to long-term lease extensions is a significant milestone for Millennium Gardens. It confirms not only the exceptional quality of the building and its services but also our ability to provide a stable, future-proof workplace that supports our tenants' long-term business ambitions. We are proud to continue serving as a trusted partner in their growth." – said Dömötör Károly Makk, Leasing Director of TriGranit.
"Long-term tenant commitment is one of the strongest indicators of an asset's quality and resilience. We believe such commitment is built through a hands-on management approach, continuous engagement with our occupiers, and an understanding of their evolving business needs. At Millennium Gardens, we place great importance on maintaining close relationships with our tenants and working alongside them as long-term partners, allowing us to respond proactively as their businesses grow and evolve. Henkel's and ARM Hungary's decision not only to extend their commitment to the building but also to expand their presence is a strong endorsement of this approach and of the partnerships we have built over the years.” – added Bence Rohr, Principal of Revetas Capital.
About Millennium Gardens
Millennium Gardens is one of Budapest’s landmark modern office developments located on the banks of the Danube. Offering 37,200 square metres of premium office space, the building combines state-of-the-art technical solutions, high-quality services and a strong sustainability focus to provide an outstanding working environment for both international and domestic companies. The simultaneous expansion and long-term commitment of its two largest tenants further reinforce the building's position as one of the capital's most sought-after office destinations.
About TriGranit
TriGranit stands out as a premier real estate development platform in Central Europe, renowned for its ability to acquire and develop prime, sustainable office and alternative real estate projects that have become regional landmarks. In its three decades of operation, TriGranit has completed nearly 50 landmark projects, adding 1.7 million square meters of GLA across seven CEE countries, and has received over 50 prestigious international awards.
About Revetas Capital
Revetas Group is a vertically integrated international institutional investment platform, specializing in value-add, oportunistic, distressed opportunities and special situations. With offices in New York, Vienna, Luxembourg, and London, Revetas Group serves a global investor base, including institutional investors, pension and endowment funds, investment managers, family offices, and ultra-high-net-worth individuals.
The Group has managed, advised, invested in, and/or developed over €7.9 billion in real estate and is supported by a team of 75+ professionals, bringing deep expertise and hands-on execution to complex real estate investments across Europe and the U.S.
