Cushman & Wakefield, exclusively representing the Landlord, who own the Grade A MOM Park Office Towers complex in Budapest, have successfully closed 5 deals extending to circa 2,000 sq m of office space. The transactions include 3 new tenants entering the scheme and the successful retention of 2 key tenants. The vacancy rate has decreased to 7.50%.
The new Cushman & Wakefield has announced today the successful completion of the global merger between Cushman & Wakefield and DTZ. The firm has also announced its leadership team for Europe, the Middle East and Africa (EMEA) and unveiled a new visual identity and logo.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports the Q2 2015 office market analysis.
Two new tenants moved in and two existing tenants decided to renew and expand their leased premises in BC140 office building, announced DTZ Hungary international property adviser representing the Landlord. The occupancy ratio has nearly doubled in the past 6 months.
Arrow Hungary renewed and expanded in total for 1,310 sq m.
CHICAGO and NEW YORK, May 11, 2015 – Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients.
DTZ is delighted to announce that Nóra Fodor joined DTZ’s Office Agency Team this May. In addition to being a widely respected player on the office market and bringing with her extensive experience, she has also extensive knowledge of inward investment, having previously worked for both the Hungarian Investment Promotion Agency (formerly HITA and ITDH). In recent years, Nóra worked at Wing.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports the Q1 2015 office market analysis.
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