IMMOEAST AG re-lets 40,000 m² in Hungary (AT/HU)

IMMOEAST AG was able to extend existing lease contracts of approximately 40,000 m² in the Euro Business Park in Budapest.

The lease conditions are at market standard, the average maturity is five years. The Euro Business Park is situated in the west of Budapest and has direct access to the highway.

"The excellent locations and the high quality of our portfolio show that we can satisfy the needs of international tenants including General Motors, BAYER and Cemelog despite difficult market conditions, and that they are willing to renew their contracts," Dr. Eduard Zehetner, CEO of IMMOFINANZ group, said.

"These extended lease contracts ensure a stable cash-flow for IMMOEAST," he continued.

Source: ACCEDO Austria GmbH

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