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Promenade Gardens is a large-scale office scheme of 25,000 sqm on Váci út, the main office corridor of Budapest, offering large, efficient floorplates (4,300 sqm) and a comfortable...

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Testimonials

Many companies in the CEE region might consider a hybrid mix of remote and office-based work along with software for management of distributed teams, project management, team management and even skills management in the business.

We expect that a fair amount of market activity in 2020 will come from lease renegotiations and renewals as opposed to new and pre-lease transactions. We might record more sub-leases being offered if companies need to downsize. Tenant covenants will receive additional scrutiny by landlords, banks and investors in order to limit risk to a sustainable income.

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Daikin Opens New Showroom in Promenade Gardens

Daikin Hungary set up its state-of-the-art showroom on a 309 sqm ground floor retail area in Tower ‘B’ of Promenade Gardens office building.

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GalCap: Real Estate Acquisition in Budapest for German Pension Fund

GalCap Europe, the real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center.

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Interview

TriGranit: The role of local expertise is unquestionable

Mr. Károly Dömötör Makk leasing manager of the company says that several different strategic responses can be observed among the office market tenants regarding the uncertain situation caused by the virus. We talked about the spill-over effects of this, the brown field investments (that have always been a priority for them), and Millennium Gardens features.

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Where shall I work today?

The future of office management through the screen of mobile phones

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MORE INTERVIEWS »

Tenants

Date Business Center Tenant m2 Agency
2020 Q2 Agora Tower B+N Referencia Zrt 4000 HB Reavis
2020 Q1 Atenor Váci Greens E épület n.a. 7500 Cushman & Wakefield Kft.
2020 Q1 BudaPart Gate doTERRA 1200 Office Service
2020 Q1 Forest Office Debrecen EPAM Systems 2100 Cushman & Wakefield Kft.

More Transactions »

Best of 2020

Best of 2019

  • Largest Rental:

    GTC Pillar - GTC Magyarország, with 27500m2 rented space

  • Most Active Office Building:

    GTC Pillar, 1 db rentals, with 27500m2 rented space

  • Most Active Agency:

    GTC Magyarország, 1 transactions, transactions total space: 27500 m2

Office Market Service Companies

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