Full occupancy reached at CPI's Balance Hall

Office Market

CPI Hungary's Balance Hall has reached full occupancy, after two new tenants signed for a total of 4,000 sqm in the Váci út office project, according to a press release sent to the Budapest Business Journal.

Balance Hall was completed a year and a half ago. 

One of the new tenants is an international general contracting group, signing for a total of 1,500 sqm on the third floor of the 16,000 sqm office building. The company's new domestic office center will be completed in the summer. 

Another major office rental transaction was also closed in Balance Hall, whereby the Hungarian headquarters of an American process automation software services group will move to the entire second floor of the office building. The new tenant is set to move into its new headquarters in the second half of 2021.

“Over the past six months, the Balance project team has been working hard to achieve full office occupancy despite the circumstances. We are pleased that two international companies with strong backgrounds have chosen us and have placed their long-term trust in the CPI team," said Balázs Simonyi, CPI's leasing director, in connection with the closed transactions.

In both transactions, the agreement between the parties was assisted by the real estate advisor, Knight Frank Hungary.


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