The high-rise building on Váci út 33 in Budapest has been part of the international portfolio of IG Immobilien since 2007 and is known throughout the Hungarian capital as an attractive office location. In April and May, three new tenants from the pharma, IT and parcel service sectors will be moving in. This means the 16,700 m² of rentable space is almost fully occupied.
The central location in one of the most sought-after business areas in Budapest and the outstanding infrastructure – both the west station Nyugati and the underground are in the immediate vicinity – make the IG Immobilien office building so ideal for international companies. With the pharma company Valeant Pharma Magyaroszag, the parcel service DPD Hungaria and the IT service provider Innoveo Korlatolt, the property on Váci út 33 is getting three new tenants, who will rent a total space of 2,000 m². The parcel service DPD Hungaria alone will set up its office on an area of over 1,100 m². “The high demand and occupancy rate of our office spaces is the best praise we can get for the attractiveness of our properties and the quality work we do,” says Hermann Klein, manager at IG Immobilien.
Successful tenants in an ideal workspace
By purchasing a 4,200 m² plot back in 2007, IG Immobilien laid the foundation for this international success story. After two years’ construction time, a nine-storey category A office building with a striking steel and glass design was completed at Váci út 33 – a real architectural eye-catcher. On a total of 16,700 m², differently sized office spaces, terraces on several levels and a restaurant are now at the tenants’ disposal. There is a lobby and shop spaces on 650 m² of the ground floor as well as a little park with fountain, which is proving very popular with the people who work here. The office building, in which leading European and American businesses are headquartered, has received several awards for its sustainable construction. For instance, it received the Silver LEED Certificate for its ecological sustainability. Notable tenants include Travelport, Bioextra, Process Solutions, LG Electronics, Friesland and Union Biztosító, a subsidiary of the Vienna Insurance Group.