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 mÂ² in the VÃ¡ci Ãºt 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 mÂ² on the third floor of the 16,000 mÂ² 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.
âOver 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, âsaid BalÃ¡zs 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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing worthy journalism is an expensive endeavor. For 27 years, the editors, editors and reporters of the Budapest Business Journal have strived to bring you business news that works, information that is reliable, factual, accurate and presented without fear or favor.
Newspaper organizations around the world have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of ââinvolving their most important stakeholders, their readers.
We want to offer the same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our BBJ Support button and you can choose how much and how often you send us your contributions.