ZenGarden in Budapest reaches 95% occupancy rate

10
Oct
2024
News - ZenGarden in Budapest reaches 95% occupancy rate #BREEAM #Budapest #BuildEXT #Csaba Livják #Hungary #office #ZenGarden

by Property Forum | Office

The ZenGarden office building in Budapest, managed by ConvergenCE, is close to full occupancy as of mid-September, driven by a mix of new leases and renewals.


During Q2, Hungarian PR agency Uniomedia and international consultancy Arthur D. Little have signed long-term leases. Both companies will move into their new offices by the end of the year. 

BuildEXT, one of Hungary's fastest-growing BIM-specialist architecture firms, has committed to ZenGarden for several years. 

“As architects, it is essential that our office is housed in a building that meets contemporary standards in every respect. For our team of over 60, mostly from the Y and Z generations, an inspiring work environment is key, and ZenGarden stands out in this regard,” says Csaba Livják, CEO of BuildEXT.

The project features advanced technological solutions and holds a BREEAM “Very Good” sustainability certification. Its tenants benefit from 170 parking spaces, a 24/7 reception service and an on-site grocery store.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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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