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.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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