C&W renews Budapest Bank’s office lease
Hungarian state-owned Budapest Bank, represented by global real estate advisor Cushman & Wakefield (C&W), renewed a lease for its 8,200 sqm office at Csaba Center in Békéscsaba, Hungary, C&W said in a press release today.
“Given that the building was a BtS (Built-to-Suit) solution for the bank in 2007, the property still works extremely well for them from an efficiency perspective. C&W secured decent occupational savings and the ability for the bank to continue its core business from this location for the foreseeable future. Given that Békéscsaba is not the largest in terms of latent supply, we were very pleased with the terms C&W managed to secure on behalf of the bank,” David M. Johnston, head of office agency at C&W in Budapest, said.
Frigyes Lasetzky, Chief Operating Officer at Budapest Bank explained that the bank had established the Operations Center in Békéscsaba back in 2006 in order to guarantee a more efficient execution of the growing number of back office banking operations. “The Operations Center plays a strategic role both in the bank’s life and in servicing its customers, as it currently manages 80% of the bank’s back office operations. We are one of the region’s major employers with over 700 employees, for whom here in the Center we have created a modern workplace that fully meets 21st century requirements,” he added.
Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfa...
Hungary to Address Future of Cohesion Policy During EU Presi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
