Full occupancy reached at IPC Balance Hall
The Balance Hall of CPI Hungary has reached full occupancy, after two new tenants signed for a total of 4,000 m² in the Váci út office project, according to a press release sent to the Budapest Business Journal.
Balance Hall was completed a year and a half ago.
One of the new tenants is an international general entrepreneurship group which signs for a total of 1,500 m² on the third floor of the 16,000 m² office building. The company’s new home office center will be completed this summer.
Another major office rental transaction has also been completed at Balance Hall, where the Hungarian headquarters of a US process automation software services group will move throughout the second floor of the office building. The new tenant is expected to move into its new headquarters in the second half of 2021.
“Over the past six months, the Project Balance team has worked hard to achieve full office occupancy despite the circumstances. We are delighted that two international companies with extensive experience have chosen us and placed their long-term trust in the CPI team, ”said Balázs Simonyi, CPI Leasing Director, of the transactions concluded. .
In both transactions, the agreement between the parties was assisted by the real estate advisor, Knight Frank Hungary.
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