The foundation stone for the new Magyar Telekom Headquarters has been laid in Budapest on 15 November. The 58,000 sqm office building is expected to be completed in the second half of 2015 and will be leased by Magyar Telekom for at least 15 years. Upon completion it will become the largest single-block office building in Hungary.
The headquarters building will be completed in the second half of 2018, and the lease agreement with Magyar Telekom has a term of 15 years. The consortium of banks financing the project consists of UniCredit Bank Hungary and K&H Bank. The architectural designs for the headquarters building were made by TIBA Architectural Studio, and the construction work is being carried out by Market Építő.
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