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

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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