CBRE Global Investors Hungary announces it has exchanged contracts with Omnicom Group (OMC), the new anchor tenant at Liget Center at Dózsa György út 84/A.
OMC, a leading marketing communication company, has taken a six-year lease and will occupy 3,000 m² of space from June 1, 2012. They plan to establish two of its global advertising agencies TBWA and DDB and a media service unit within the new space.
Liget Center was refurbished and modernized in 2002. The heritage listed building is grade-A office accommodation and complies with all quality and efficiency needs requested by leading US companies and global market leaders, such as Walt Disney who are also located at Liget Center.
Martin Sabelko, Managing Director, Central Eastern Europe of CBRE Global Investors. "We are delighted with the performance of the Liget Center. It is an outstanding development by CBRE Global Investors and the latest investment on upgrading the building, its capabilities and standards, will be a solid contribution to the business economy in Hungary.
"The response of top brands like OMG and Walt Disney taking space at the Liget Center is testament that we have achieved our aim in developing high class offices to meet the requirements of our occupiers."
Balázs Magyar, Head of Asset Management Hungary added: "This transaction is considered as one of the major lettings for 2012 in Hungary. The current market situation in the Budapest office market is challenging and we are pleased to have secured a tenant such as OMC."
Source: Citigate Dewe Rogerson