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GlaxoSmithkline stays in MOM Park offices

Cushman & Wakefield (C&W) has completed the lease renewal with GlaxoSmithKline (GSK), one of the world's leading pharmaceutical and healthcare companies, for 2,385 square meter office space at MOM Park Office Towers.

C&W is the renewal leasing agent of the landmark MOM Park office building, located in the central Budapest business district which is owned by RREEF Alternative Investments on behalf of its clients.

"We have been assigned by GSK to identify and evaluate various alternatives of office relocation on the Buda side. As MOM Park showed great flexibility in rental terms, GSK decided to stay in the building. Reflecting our experience we can say that MOM Park proves to be a key location for existing and future tenants," - Maria Starmann, head of tenant representation of Jones Lang LaSalle Budapest said. (BBJ Online)