Rebirth of a prestigious office building in Downtown Budapest
Irányi Palace - located in Downtown Budapest in Irányi street, between Váci and Veres Pálné streets – will rejuvenate by mid-2020 as a high quality, contemporary style office building.
Irányi Palace - located in Downtown Budapest in Irányi street, between Váci and Veres Pálné streets – will rejuvenate by mid-2020 as a high quality, contemporary style office building.
The Budapest based commercial real estate investor and developer, ConvergenCE has announced the acquisition of the Central Business Center office investment in the 2nd district of Budapest. ConvergenCE acquired the building in Horvát Street from Immonfinanz.
JLL, the international real estate agency, has represented the tenant, the globally well-known Scottish Skyscanner, a travel fare aggregator, to renegotiate its office space in Budapest. The lease renegotiation of 1,000 sq m was successfully concluded and the client signed an additional 5 years in the K6 Office Building.
According to Ms. Nikoletta Ispanki, Country Manager of IWG Hungary (known for brands like Regus and Spaces), as the office market is moving forward, they are looking ahead; expanding, thinking about the rural areas, and franchising-based expansion.
An international service provider will rent approx. 4,000 sq m office space with additional expansion areas in the newest, Building “F” at Váci Greens office park. With the arrival of the new tenant in June 2020, the occupancy rate of the building will be around 50%.
Colliers is pleased to announce that it has appointed Melinda Kovacs as new Head of Landlord Office Agency for Hungary in Budapest.
Horizon Development Ltd. is taking over the property management, redevelopment, leasing and marketing tasks of Park Atrium office building as of 1 June 2019.
S IMMO started 2019 with large-scale transactions in the Budapest property market. Through purchasing a nearly 9,000 sqm plot, the company is preparing the development of a new office complex, while its existing buildings are still close to full occupancy.