News Article Budapest development GTC Hungary office
by Property Forum | Office

GTC is gearing up in Budapest by commencing construction of Pillar office project located in the Budapest’s 13th district,. Recently, GTC celebrated the completion of their LEED Platinum certified GTC White House office building located also in Váci Road corridor, fully leased to BlackRock, Range Rover Jaguar, and Spaces. To further expand its position on the Budapest office market, GTC acquired one more land plot adjacent to GTC’s Center Point to increase the development pipeline to over 100,000 sqm of office space.

Pillar will offer 29,000 sqm of office space over 7 floors. This new office building will offer cafe bars, restaurants, co-working spaces, post office, playroom, relaxing garden, bike facilities, shopping experience, conference centre and many more features for the future tenants.

The recent full lease of GTC White House was one of the key achievements of the developer in the first quarter of this year. The office building was built on the site of a former elevator factory on the Váci Road office corridor.  It has a total leasable area of 21,500 sqm including a 2,000 sqm entirely re­furbished standalone loft building and 19,500 sqm of new premium quality offices.