Global real estate consultant Cushman & Wakefield (C&W) has successfully represented Diageo, the world's leading premium drinks business, in their office lease renewal on 8,290 m² in West End Business Center (WEBC) owned by AEW Europe, one of the leading European real estate asset and investment managers.
In addition to the 8,290 m² office space Diageo has also renewed their contract for 99 parking spaces.
Gergely Pados, Head of Office agency at C&W Budapest, said: "After surveying the market and analysing various alternatives we have managed to secure Diageo a long term lease in WEBC with competitive market conditions."
David C. Carter, Corporate Property Director at Diageo, commented: "We are happy with C&W's contribution to the lease renewal in West End Business Center. We chose to stay in our existing office space, since the building meets all our real estate needs and offers a perfect working environment for our 700 employees at an appropriate cost. The extension of the lease also reflects Diageo's ongoing investment and commitment to Hungary."
Isabelle Clerc, Head of Asset Management for Central Europe at AEW Europe, added: "Diageo is one of our biggest and most important tenants at West End Business Center. This transaction proves to us that the building is of high quality, competitive and suitable for accommodating major global companies like Diageo."
Source: Cushman & Wakefield