ADVERTISEMENT

Electrolux Hungary moves HQ to Promenade Gardens

Office Market

The Hungarian branch of Swedish multinational home appliance manufacturer Electrolux set up its 1,730 square-meter headquarters this month in Promenade Gardens, a recently completed office building on Budapestʼs Váci út office corridor.

The ground floor of Horizon Developmentʼs building accommodates Electroluxʼs offices, showrooms and presentation space.

"We dreamed big when opting for Promenade Gardens," said András Tamássy, Electroluxʼs general manager for the south CEE sales area. "The business imperative to maintain our competitive advantage required the building to meet the Electrolux A-standard, a category in which Promenade Gardens clearly overachieved."

Tamássy added that the Budapest headquarters will be among the highest quality within the CEE region, both in terms of aesthetics and technical quality.

"We were extremely pleased to be able to offer the best office solution for Electrolux, where they can continue to provide best-in-class consumer experience in the appliance sector and develop even further," said Attila Kovács, Horizon Developmentʼs managing partner, welcoming the new tenant. "Along the entire development process, we worked with the same dedication to create a top-quality office building on the Hungarian commercial property market."

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.