Budapest Waterworks moves headquarters to Blue Cube

Office Market

Real estate investment firm S IMMO Hungary has completed a lease agreement with Fővárosi Vízművek (Budapest Waterworks), under which the latterʼs headquarters are set to occupy more than 60% of the Blue Cube office building.

The deal makes the Budapest Waterworks Blue Cube’s largest tenant, leasing an area of approximately 5,800 square meters, according to a press release sent to the Budapest Business Journal. The company, which is 98.8% owned by Budapest City Council, has been searching for a suitable modern office complex since selling its old premises. The move is expected to take place on August 1, with fit-out works and modifications in progress.

The first quarter also saw StreamNet Kft., a company focused on innovative audio-video technologies in the business environment, signing a lease agreement for space in Blue Cube. Blue Cube’s latest lease contract was concluded with the Lactalis Group, an international milk processing company that is set to move into a 500 sqm space in the building.

The new agreements have pushed the building’s occupancy rate above 90%.

“We are happy to welcome our new tenants in Blue Cube that will surely prove to be a perfect solution for them, no matter what sector they are operating in,” said Géza Barabás, managing director of S IMMO Hungary, Blue Cubeʼs owner. “Due to our major new lease transactions concluded over the past 12 months, only some 400 sqm of space is left for rent,” he added.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.