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Another successful leasing transaction has been concluded at Árpád Center Office Building, managed by Convergence. Salonic, a Hungarian technology company offering innovative digital solutions, has signed a lease agreement and chosen the building as the location for its new office.
According to Aurelia Luca, Executive Vice President of Operations for Hungary and Romania at Skanska’s commercial development business unit, sustainability is no longer a competitive advantage but a basic expectation among corporate tenants. At the same time, energy efficiency, transparency of operational data, and the quality of the workplace environment are playing an increasingly important role in decision-making, fundamentally reshaping the priorities of Budapest’s office market.
Market uncertainty, cautious investor sentiment, and transforming office usage habits – yet Convergence has chosen renewal and deliberate development. The real estate investment and development company, presenting itself with a refreshed brand identity, is not merely reacting to challenges but actively shaping the market: it believes in the strength of resilient locations, value-creating repositioning, and long-term growth. We spoke with Mr. Csaba Zeley, Managing Director of Convergence, about the future of the Budapest office market, the role of flexibility, and the next chapter of an iconic inner-Buda office building – a successfully rethought building that has reached a transactionally relevant stage of its lifecycle.
Investor developer HB Reavis entrusted ConvergenCE with the leasing of 8,000 m2 of Agora Tower last year, followed by an additional 6,000 m2 at Agora HUB this February.
The fifth, 25,053 m2 ‘F’ building of the A+ category Váci Greens office complex, already having a 67% occupancy rate, has received the occupancy permit as well. The first tenants are going to move in in June.