Shared Service Centers lease 10% of A-category office space

Awards

There are 43 Shared Service Centers (SSCs) operating in Hungary, leasing combined office space of 200,000sqm, or almost 10% of the total stock of category \"A\" office space, according to a fresh survey by real estate investor CA Immo and real estate consultant DTZ.

Real estate developers\' earlier experience was that such centers, after their technology became outdated after 3-5 years of operation, moved further east where both workforce and office space leases are cheaper.

The latest trend, on the other hand, is that SSCs are being moved back from very cheap countries like India to the CEE region. Hungary has the advantage of the availability of well-qualified workforce with good language skills and an advanced level of infrastructure, CA Immo Managing Director Edit Gulyás was quoted by the statement.

EDS Hewlett Packard, IBM, British Telecom, Tata, GE and Diageo were among the first to choose Hungary as a location for business service centers that are still operating in the country.

Most SSCs were established in Budapest, but there are some exceptions:: IBM and Sapa in Székesfehérvár (C Hungary); Budapest Bank in Békéscsaba (E Hungary); and British Telecom and Vodafone in Debrecen (E Hungary)and Miskolc (NW Hungary), respectively, in addition to centers in Budapest.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.