MOM Park Offices reach 96% occupancy

Awards

MOM Park Offices currently has a 96% occupancy rate and could be let 100% if current negotiations end with closure of the deals concerned, according to a press release issued today.

The office complex, which was acquired by Wing, Morgan Stanley Real Estate Investing and CC Real half a year ago, saw rent deals signed for 2,000 square meters in the past six months, Wing said in the press statement. 

Wing said the market in Budapest is gaining momentum, and while rental fees are on the rise, the occupancy rate of offices also keeps growing.

“Our tenants include prominent firms such as Nespresso, Ayudate Holding and Dimoco Hungary,” noted Emília Tarró, Senior Portfolio Manager of Wing. “We are conducting advanced negotiations for our remaining units, and active tenant interest has been seen lately,” she added.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.