C&W renews Budapest Bank’s office lease

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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.

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