New Work opens 7th location in Budapest

12
Apr
2021
News - New Work opens 7th location in Budapest #Budapest #flexible #Hungary #lease #New Work #office

by Property Forum | Office

CEE-based flex office operator New Work continues to expand in Hungary and has opened its 7th business centre in Budapest. The company has signed for 2,000 sqm of office space in the Science Park office building in South Buda.


Hubert Abt, CEO and Founder of New Work, will discuss workplace strategies post-COVID-19 at Property Forum’s upcoming free online event, “Offices after COVID: Back to normal?” on 13 April.

With the addition of Science Park, New Work offers close to 15.000 sqm of flex office space in Hungary, located in 7 business centres in Budapest and Budaörs.

“The signing of Science Park lease is a long-term achievement. We have been looking at this location for more than 3 years now.  In the future we look forward to adding more locations all over Hungary with franchise partners as Hungary is a very important market for us. We are developing intensively because the demand for flex workspace will, due to the impact of COVID – 19 and the digitalization, increase significantly,” says Hubert Abt, CEO, and Founder of New Work.

Hubert Abt

Hubert Abt

CEO
New Work & workcloud24

Hubert Abt has been working in the real estate industry for over 30 years. He worked as a developer and later in the land banking sector and provided equity and Mezzanine capital for various real estate projects. In 2013 he founded NEW WORK Offices in Budapest, which provides various flexible office solutions. Since then he developed the business model further and grew the company to today 16 locations in 3 countries with approx. 43.000 sqm which brings NEW WORK Offices in the top 3 list in CEE. Hubert now leads the company as CEO while focusing on investor relations and developing new products like NEW WORK´s Franchise Package or The Digital Office Pass of workcloud24 where he acts as Founder and CEO as well. More »

Clients will be offered a wide range of private offices sizing from 2 to 37 workstations. Fully furnished and ready to move-in lockable spaces with full office infrastructure will be complemented with a meeting room.

Office with a view in a premium location

Science Park is located in District 11 in South Buda, offering a beautiful panoramic view of the Danube and the green surrounding area. The area is recognized as a significant commercial and business hub with close vicinity to the city centre.

Science Park building is easily accessible by public transport and has been awarded the BREEAM certification. As a stand-alone building, the premises in each building are flooded in natural light.

New offices and new digital solutions

As COVID-19 has changed the needs of the tenants and the need for flexible solutions is growing, New Work started to develop digital access tools for offices including the Hungarian market. The company has implemented the New Work Offices app for clients in all centres in Hungary, Poland and The Czech Republic. It enables easy meeting space booking, ordering additional services and also acts as a communication platform. New features also include easy access to daily offices and hot desks to provide tenants with full flexibility whenever they need to work from a different location or need extra working space.

In order to keep up with the requirements of developing new digital products, New Work launched a spin-off. In the future, workcloud24 will develop all digital products such as a digital office pass that makes a physical lease obsolete and a digital toolbox that allows landlords and architects to commercialize retail and regular office space to flexible space.




Latest news


New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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