New Work has renegotiated and extended its cooperation with Woodpecker Acquisitions at Science Park in Budapest, becoming one of the largest tenants in the complex.
The renewed agreement covers almost 4,000 sqm and is backed by customer commitments, with occupancy above 90%. According to the company, this ensures sustainable revenues for the landlord while reducing leasing risk.
“This milestone underscores the recognition of our strong performance and the accelerating demand for innovative core-flex solutions. Our model allows us to combine stable, long-term cooperation with flexible, service-driven solutions that meet modern client requirements,” said Hubert Abt, FRICS, CEO of New Work Offices Zrt.
The partnership follows a management-style model, with New Work operating the premises on behalf of the landlord. This approach is increasingly adopted by institutional investors and owners seeking to align long-term asset value with flexible office demand.
Founded in 2012, New Work is an independent serviced office provider active across Central and Eastern Europe. The company focuses on flexible space solutions supported by ESG-driven strategies, helping landlords enhance tenant experience and improve building performance.
