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

GTC announced the acquisition of a new development project in Budapest, adjacent to GTC Hungary’s Center Point Office Buildings. This new project will be titled Center Point 3 and will add approximately 35,500 sqm GLA of office and commercial space to the flagship Center Point Office Campus.

The newly acquired plot is located in the Váci Corridor, one of the most dominant office locations close to Budapest’s CBD and currently the largest and most popular office submarket, comprising more than one-quarter of the total office building stock in the city.
The project is adjacent to Center Point 1 and 2 and it is the intention to form an enlarged Center Point Campus of approximately 78,000 sqm, all in one city block. The campus closely located to two metro stations and maintains a high visibility profile in a landmark position.
“This year we celebrated the opening of GTC White House, which increases the entire Budapest office portfolio to 141,000 sqm. The acquisition of this land on Váci út 85 will further strengthen our market position and secure further growth in Budapest as one of the most attractive office markets in the region” – said Thomas Kurzmann, GTC’s CEO.