Eaton Enterprises moving to Krisztina Palace

Office Market

Cushman & Wakefield in its exclusive representation of Union Investment has successfully secured 2,300 sqm of office space at Krisztina Palace office building in Budapest for Eaton Enterprise, which said it will open a new Business Service Center, according to an announcement issued today.

As a result of the new transaction, Krisztina Palace is now more than 73% occupied with tenants such as  Emirates, Mazars, Deutsche Leasing, Granit Agriculture and Johnson & Johnson, the announcement added.

The 18,000 sqm A category Krisztina Palace is located near the Déli Railway Station and motorways M1 and M7. Approximately 4,500 sqm of office and retail space is still available at the property, split over several floors.

"We are proud of the long term successful business relationship with Eaton and to have helped them  secure advantageous terms at the preferred office location," said Balázs Simonyi MRICS, Head of Office  Agency at the former DTZ Hungary, which recently merged with Cushman & Wakefield.

David Johnston MRICS, Head of Office Agency at Cushman & Wakefield said: “We are delighted to welcome Eaton’s Business Service Center to Krisztina Palace. We are confident that this quality office building will serve Eaton’s real estate needs in the long term. The flexibility of the landlord, the efficient floor plans, the location and public transportation facilities and the amenities all helped in the speedy decision-making process.”

Paula Latta, Director of EMEA Sales Operations at Eaton added: “The flexibility and openness of this facility allows us to create a dynamic work and social environment, enabling our employees to perform at their best, deliver great support to our customers and interact with each other at all moments of the day.”

Eaton Corporation Plc. is a multinational power management company, founded in the United States and based in Ireland. It provides solutions to its customers to manage electrical, hydraulic and mechanical power efficiently, safely and sustainably.

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