Medicover moves to Eiffel Square, which is more than 90% let

It seems that there is no summer holiday season in Eiffel Square Office Building. Medicover Zrt decided to sign a long-term lease agreement, and thereby significantly expand its capacity to provide private healthcare services to its Budapest customers. The new Medicover clinic will open on January 1, 2012.

Eiffel Square, developed by Europa Capital and its exclusive local partner, ConvergenCE, was completed in the second half of 2010 and only a year later reaching 90% occupancy. The building won the CIJ’s Best Office Development Award in 2010 in Hungary and won best runner up in the Best Office Development category in the FIABCI Prix d’Excellence Awards in 2011.

Through a long and exhaustive process Medicover chose Eiffel Square in July 2011 to relocate from West End Business Centre and not only to modernise but also to more than double the size and capacity of this clinic. In this modern, state of the art facility, Medicover also plans to offer new services.

Peter Grossmann, the Chief Executive Officer of Medicover Zrt commented: ”After the establishment of our own insurance company, the continuous growth of our corporate and individual client base and the expansion of our network in the major cities of the countryside, the next logical step was to further expand our capacity in Budapest. Medicover in Budapest is now present at Infopark, at the Szepvolgyi Business Park and soon at Eiffel square as well. Besides increasing our capacity to provide private healthcare services in Budapest, we also plan to offer several new services in this clinic. With this expansion, on the one hand we follow the demand of our increasing customer base and on the other hand we set standards and thereby strengthen our market leader position.”

Csaba Zeley, the Asset Management Director of ConvergenCE added: „We are delighted to welcome the market leader Medicover and to increase Eiffel Square’s amenities with such a high quality private medical service. We are proud to announce that even during these challenging times we were able to hit the “magic” 90% occupancy rate within such a short time after completion.” “I can also confirm that we do not consider that market conditions are right for a sale of Eiffel Square. Instead we will shortly be re-financing the building.” – he added.

Medicover joins such well-known international companies in Eiffel Square as Cetelem Bank, Sony Pictures Entertainment, Givaudan, Grundfos, Mastercard Europe and ESAB.