Entire Floor of Office Area Rented at ZenGarden
Office complex ZenGarden has recently seen the signing of another long-term lease agreement. ConvergenCE has entered into a new agreement for 1,300 square meters of space in the office building in Buda. The complex has achieved over 90% occupancy with this new transaction.
Relocating a large entity poses significant challenges. The process of moving numerous employees and workstations is the result of months of meticulous planning. Consequently, in this year's office market, leasing agreements for spaces exceeding 1,000 sqm, which involve relocation, account for just 10% of nearly 160 transactions, according to a press release sent to the Budapest Business Journal.
Starting in September, the new tenant moved into over 1,300 sqm of office space, refurbished communal areas, and the building's inner garden services.
"The negotiation, the entire transaction, was the outcome of a swift decision-making process," says Dóra Papp-Vas, ConvergenCE's Leasing Director. "Leasing such a vast area is always a significant challenge, and moreover, with the signing of the contract, another level of commitment awaits in the building."
"The speed of this deal was also facilitated by the flexibility of both parties. Our experience is that large companies tend to wait in the market, but there is still interest in excellently located, renovated, high-quality properties, offering unique services. We take pride in the ongoing interest in ZenGarden from potential tenants, it is a genuinely positive response to our work," she adds.
Government Acknowledges Drop in Motor Fuel Prices
EU Affairs Ministry, AmCham Sign Strategic Partnership Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
