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

  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
  • Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.

New appointments

  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.


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