IVG closes successful 2012

Office Market

IVG's Hungarian subsidy had an extremely successful year in 2012: besides outstanding leasing results, two buildings the company's portfolio in Budapest reached new environmental milestones this year: Infopark Building D obtained a LEED certification and StefániaPark office building received an international award. The portfolio of IVG in Budapest comprises 15 buildings with a total area of about 120,000 sqm, 20,4% of which stood vacant in the beginning of the year. The company's associates reduced this rate to 15% by the end of the year, which is an outstanding success considering the great number of expiring lease contracts. IVG’s associates concluded a lease contract every seventh business day on average this year. 47% - 18,165 sqm - of the more, than 30 office lease transactions were new deals, while contract renewals and expansions accounted for the remaining 53% (20,175 sqm).

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