Cushman & Wakefield (C&W) was involved in three new lease agreements for over 2,000 m² in Terrapark Next office building in Budaörs, Hungary.
With C&W’s involvement, the world’s largest soft-drink producer Coca-Cola has recently signed a new 170 m² lease agreement at Terrapark Next B/C. The aim of Coca-Cola to open up a small office close to Budapest in order to train their sales team and ultimately increase awareness of their brand in their Hungarian market. Terrapark Next B/C was deemed as the perfect place to commence this function owing to its excellent accessibility to M1 / M7 Motorway network.
Secondly Aladdin Medical, have acquired 67 m² at Terrapark Next B/B. Aladdin Medical maintain medical appliances and liked Terrapark Next B/C due to its accessibility and the flexibility of the landlord.
C&W also represented the DuPont in their lease renewal for 1,930 m² office space in Terrapark Next B/D & B/E.
David M Johnston Associate, Head of Office Agency at C&W in Budapest commented on the series of transactions: ‘’It is no secret that the Peripheral market has struggled in recent years from a high Vacancy rate perspective – so it is great news to see new start-up tenants taking space in this sub-market - which we advise signals an increase in its letting momentum moving forward.’’
Csaba Zeley, Director Asset Management at ConvergenCE (acting on behalf of the Owner JP Morgan) added: ‘’ We are pleased to welcome our two new tenants to Terrapark Next. We are delighted with the diversity of each tenant – from the globally recognisable brand of Coca-Cola to the new addition of a more local company Aladdin Medical and greatly look forward to their occupation of the building.‘’
With these transactions Terrapark Next is 77 % occupied with such tenants as Invitel, Roche, Carlsberg and Tchibo. Cushman & Wakefield is the exclusive letting agent and property manager of Terrapark Next office building.
The 26 200 m² Terrapark Next A and B buildings are ideal headquarters for those companies who look not only for quality offices, but also for quiet and green environment. Being located directly next to M1 and M7 highways, and close to the M0 junction, Terrapark Next A and B buildings are easily accessible from both Budapest and Vienna.
Source: Cushman & Wakefield
