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JLL represents 50,200 sqm of office leases in Hungary in 2015

Office Market

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JLL represented a total of 50,200 sqm of office lease transactions in the Hungarian market in 2015 on behalf of its clients, reaching a record 33% market share in the consulting market, the company said yesterday in a press statement.

JLLʼs clients last year included Nordic telecommunications company with 20,000 sqm, SAP in Budapest’s Graphisoft Park with 10,000 sqm, Unisys in West End City Center with 5,100 sqm, Roche in Terrapark renewing 2,900 sqm, AIG during their renegotiation of their 1,700 sqm office lease at Capital Square office building and MetLife renewing their current office location of 1,700 sqm.

International tobacco company Philip Morris is scheduled to relocate in the spring from Fót into their new offices at Kálvin Center, a 1,500 sqm space in the downtown office building with a terrace, JLL said.

“In 2015 JLL’s Tenant Representation department represented their clients in more than 50,000 sqm of office space transactions. There are many tenants in Budapest today, with whom over the past 15 years we have carried out several office searches,” according to Maria Starmann, National Director of Tenant Representation at JLL. “Our clients’ continuous trust and the numerous successfully closed transactions are the biggest recognitions of our work”, she added.

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