Cushman & Wakefield take TEG to Kiraly utca 16 offices (HU)

Cushman & Wakefield (C&W), the world's largest privately held commercial real estate services firm, has recently assisted TEG with their 190 m² office lease transaction at Sunbelt's Offices - Király utca 16, Budapest.

TEG a leading B2B event organiser in CEE, and one of Hungary's top 10 fastest growing companies, has acquired space in Kiraly utca 16, in the city center of Budapest, which will open in February 2013.

Dennis Lantos Managing Director of TEG commented: "Our aim was to find a well located and good quality office building to act as an HQ for our Hungarian operation. Having looked at several options, we felt Kiraly 16 was the best fit. We are very happy with the agreed terms and greatly look forward to moving into the office early next year."

Zsombor J. Török Managing Director of Sunbelt Offices added: "We are delighted to welcome TEG into our first acquisition, Kiraly 16. We have had a very successful year with several new contracts and good quality tenants – such as TEG – taking space in the building. We are proud that our model - offering good quality buildings at the best market rates - is working in today's difficult world.

Gergely Pados Partner, Head of Office Agency at C&W Budapest stated: "Király utca 16 is a good quality, well located, central office building and we are confident that it is the perfect fit for TEG, from a business and real estate perspective."

Király utca 16 is a newly refurbished downtown office building with a superb location. The building has 42 underground and 14 level parking places with direct access to the office levels. The building was remodeled to create a friendly, new, energy efficient environment for all type of businesses from starters to large multinational companies. The new lobby and common area design, cost efficient lighting and the elevators are all creating the athmostphere most people would want to work.

Source: Cushman & Wakefield

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