Veeva Systems Hungary Relocates to RoseVille Office Development

Office Market

Artist’s rendering of the RoseVille office building being developed in Óbuda by Atenor.

Veeva Systems Hungary will relocate its Hungarian and regional HQ to RoseVille, under development by Atenor Hungary. The 2,500 sqm office on the top floor of the four-level building is due to be handed over in 2023.

The 15,500 sqm Breeam “Excellent” and Access4You “Gold” certified RoseVille, located in Óbuda, is the first standalone office building by Atenor in Budapest rather than its traditional large-scale, phased campus-type projects. Veeva Systems will be the first tenant to occupy the development.

“We are delighted and honored that Veeva Systems chose RoseVille as the future home of its Hungarian operations,” comments Zoltán Borbély, country director of Atenor Hungary.

“We are confident that ESG will be increasingly important for large corporates in the future and will be essential in keeping a highly qualified workforce. Sustainable and human-centered workplaces enhancing wellbeing are an important part of this culture, and Atenor is a partner providing exactly that to our tenants,” he adds.

The Hungarian architectural studio Artonic Design Ltd. designed RoseVille, which includes terraces, an inner garden, underground garages, and public green surfaces and atriums.

Founded in 2007, Veeva Systems is a global provider of industry-specific cloud software solutions that address the unique operating challenges and regulatory requirements of enterprise companies in the life sciences industry. The American company is present in 15 countries worldwide and says the Budapest office is strategically important.

“We are pleased to announce that Veeva Systems will have its new headquarters for Hungary and Eastern Europe in the new building developed by Atenor,” says Ángel Mieites, senior director of workplace and facilities for Europe at Veeva Systems.

Commitment to the Tenant

“From the first contact, Atenor’s conversations with us have been of an excellent level of professionalism and showing an absolute commitment to the tenant, as well as offering a very high-quality building and service in an ideal location for Veeva in Budapest,” he explains.

“This has led us to decide on this new headquarters where we will design an office that will be ready for the challenge of the new ‘Work Anywhere’ way of working, and that will support us to continue our growth in this region,” Mieites adds.

The Belgian-based Atenor is present in 10 countries in Europe, including Hungary since 2008, and is a leading CEE developer. It is a leading campus developer, developing sustainable office and residential schemes that blend organically into the city landscape and enriching the communities around them with landscaped community spaces and a wide range of services, according to Atenor.

The company gained CO2-neutrality certification in 2021 and has recently achieved green financing by issuing green retail bonds for its investors. In a recent significant deal, Atenor has concluded a 16,000 sqm prelease with E.On at the now fully let first phase of the BakerStreet office project, due for completion in the first quarter of 2024.

Cushman & Wakefield have traced a potential new office supply of 300,000 sqm in the Budapest office market for 2022, with total stock at 4.17 million sqm and an overall vacancy rate of 5%.

This article was first published in the Budapest Business Journal print issue of December 16, 2022.

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