HB Reavis closes successful year in Hungary, eyes new investment

Office Market

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The Hungarian operations of HB Reavis for 2015 have been deemed successful, after Váci Corner Offices – its first Hungarian project opened in 2014 – reached a rental ratio of 96%, according to a press release issued yesterday.

The company noted that the renting of the 21,150 sqm building has been progressing at an “extraordinarily fast pace”, and this success was boosted by contracts signed in December, which involved the renting of the last vacant floors of the building.

New tenants in the building include Magyar Földgáztároló Zrt. and Magyar Földgázkereskedő Zrt., who signed a contract for 2,500 sqm of space on floors five and six for five years, HB Reavis said.

The company noted that it is working on a new project of more than 100,000 sqm on the corner of the office corridor at Váci út and Róbert Károly körút, which HB Reavis expects to be the start of a new era.

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