UNICEF, with the help of Cushman & Wakefield, has set up its first ever global services centre in the refurbished Centrál Udvar office complex, owned by SEB Investment GmBH.
There were initially 20 possible locations, narrowed down to three (Prague, Kuala Lumpur and Budapest) before Budapest was selected. The choice was made based on Hungary’s infrastructure, low costs and skilled workforce.
Employing over 300 staff and operating in multiple languages, the Global Shared Services Centre in Budapest will conduct a broad range of UNICEF’s administrative, financial and human resources operations worldwide. The centre will service all UNICEF offices and enable the children’s organisation to realise greater efficiencies and cost savings.
“Every dollar UNICEF can save is another dollar we can use to improve children’s lives,” said UNICEF executive director Anthony Lake. “The more efficient we are, the more effective our programmes will be for children.”
Gergely Pados, managing partner at Cushman & Wakefield Budapest commented: “We are extremely proud to have secured the perfect location for the new global service centre one of the largest organisations in the world. More and more SSCs chose Hungary as there is highly qualified workforce and low labor cost compared to other European countries. We are proud that our professionals have the most sophisticated and widespread client network on the market, helping them to cooperate with such tenants with great potential, as UNICEF.”
Source: Cushman & Wakefield
