HB Reavis closes successful year in Hungary, eyes new investment
The Hungarian operations of HB Reavis for 2015 have been deemed successful, after Váci Corner Offices – its first Hungarian project opened in 2014 – reached a rental ratio of 96%, according to a press release issued yesterday.
The company noted that the renting of the 21,150 sqm building has been progressing at an “extraordinarily fast pace”, and this success was boosted by contracts signed in December, which involved the renting of the last vacant floors of the building.
New tenants in the building include Magyar Földgáztároló Zrt. and Magyar Földgázkereskedő Zrt., who signed a contract for 2,500 sqm of space on floors five and six for five years, HB Reavis said.
The company noted that it is working on a new project of more than 100,000 sqm on the corner of the office corridor at Váci út and Róbert Károly körút, which HB Reavis expects to be the start of a new era.
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.