Balance Building reaches 80% occupancy
Real estate firm CPI Hungary has handled 2,500 square meters of leases in the Balance Building on Budapestʼs Váci út office corridor in the past three months, reaching a tenancy rate of 80%, according to a press release issued today.
The investment program of the building worth EUR 1 million is regarded as a success on the Hungarian real estate market, along with the efficient sales strategy of CPI, the press statement said.
New tenants in the office building include Euler Hermes (part of the Allianz group), AdviseSoft and UTC Carrier, while Opus has also decided to expand rented space in the building.
By the end of the year, CPI Hungary expects the tenancy rate to reach almost 100% in the office building, which would mean the leasing of a total of 10,300 sqm.
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.