ARTICLES LABELLED WITH TAG office

Vacancy rates have further declined on the Budapest office market as a result of modest development activity and strong demand from tenants. The Budapest Research Forum has published its quarterly office market analysis.

Wizz Air Hungary Kft., the largest low-cost airline in CEE moved its Budapest headquarters to Laurus Offices in mid-March 2016. Wizz Air is renting nearly 3,200 square meters of office space in building B of the complex, which was developed by Erste Group Immorent Kft., an affiliate of Austria-based Erste Group.

It was only a few weeks ago that the third building of the Váci Greens office complex was delivered but the developer is already preparing for the construction of the next phase. Zoltán Borbély, Atenor’s Country Manager and Olivier Ralet, Atenor’s Executive Officer talked to us about the Belgian company’s plans in Hungary and Romania.

HARMAN International and BASF Hungária Kft. has signed lease agreements with Skanska. The Swedish developer’s Nordic Light office building in Budapest now has preliminary lease agreements for 26% of its total leasable area. Colliers represented the tenants in the transactions, while CBRE takes exclusive responsibility for leasing Nordic Light.