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WING signs new lease agreements at Infopark

Office Market

Photo by Wing

WING, one of Hungary’s largest real estate developers, has signed long-term office lease agreements with new tenants in three buildings at Infopark, covering more than 2,400 sqm of total floor space, according to a press release sent to the Budapest Business Journal.

Infopark is majority-owned by WING, which owns more than 100,000 sq m of floor space in Infopark’s Buildings B, C, D and I, as well as the nearby Ericsson and Siemens-evosoft HQs located on the Danube bank.  Four companies signed long-term lease agreements in Q4 2020, followed by another firm in January 2021, for spaces in Buildings B, C and I at Infopark.

"Infopark enjoys exceptional popularity among various IT and technological companies. Over the course of the summer, as well as currently, we have seen and are seeing particularly significant interest in available spaces and offices. This confirms that we have been able to make up for any tenants whose lease agreements expired over the last two years or are about to expire. In fact, we have managed to further increase our occupancy rates," says Emilia Tarró, WING senior asset manager. Thanks to the new tenants, the occupancy rates of the buildings owned by WING now exceed 90%.

New tenants include, among others, the Hungarian office of the multinational company ZTE Corporation, active in the field of telecommunications systems and devices, which has signed on to lease one floor in Building I. ZTE’s key products include wireless and optical data transmission devices and telecommunications software, with main clients including major telecommunications companies such as Telus (Canada), Vodafone (England), Telefonica (Spain), France Telecom and Telstra (Australia).

In Infopark Building C, professional audiovisual systems company AV Spring signed a long-term lease agreement. PCB Design, one of Hungary’s largest independent electronic design engineering offices, has signed on to lease the 6th floor of Building B. The company is primarily involved in the design of printed circuit boards and the development of electronic products.

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