Kálvin Square office in Budapest reaches near 100% occupancy

17
Dec
2024
News - Kálvin Square office in Budapest reaches near 100% occupancy #Budapest #CBRE #ConvergenCE #Hungary #Kinga Halász #office

by Property Forum | Office

Kálvin Square office building, managed by ConvergenCE, has achieved a near-record 99 percent lease occupancy.


Located in one of Budapest's most vibrant hubs at Kálvin Square, the office building offers over 9,000 sqm of usable area.

“We continue to strive to make this building not just an office space, but an inspiring community environment that facilitates collaboration—a place where people enjoy coming to work while providing a sustainable and modern workspace," said Kinga Halász, ConvergenCE's Leasing Management Representative.

A lease contract signed in Q4 2024 brought a new international tenant to Kálvin Square. CBRE represented the tenant, while the ConvergenCE team represented the property owner.

The building has recently undergone an upgrade process that included the implementation of NFC-based access control systems and the usage of a BMS system. In addition, an automatic car wash will be completed by 2025, followed by the installation of an intelligent thermostat system and a license plate recognition and parking reservation system. 

Kálvin Square aims to obtain Wiredscore and WELL Health & Safety certifications, with building foiling expected by mid-2026.

"The continuously expanding tenant base and building developments demonstrate that our approach, built on sustainability and innovation, aligns with future office market trends,” says Kinga Halász, ConvergenCE's Leasing Management Representative.

Since its founding in 2004, ConvergenCE has invested €250 million in commercial properties and played a key role in transactions worth a total of €750 million. 




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  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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