The boutique investor, asset and property manager ConvergenCE has closed the acquisition of the Árpád Center office building in Budapest. The multi-let office building totals 5,400 m2 with 63 parking spaces and is located at the foot of the Árpád Bridge in a strongly developing office hub.
CityZen office building has reached full capacity after leading Hungarian telcom provider Invitel Távközlési Zrt. moved to the building. Invitel, a company recently purchased by DIGI Group, decided to move its Headquarters from Budaörs to the A+ category CityZen office building on Váci út.
A new regional financial services centre of the Dutch Royal FrieslandCampina, known as one of the largest dairy products companies in the world, has opened at CityZen Office Building in Váci út. The new headquarters of FrieslandCampina Service Center EMEA Ltd. takes up a total of 2,400 square meters on two levels.
Doktor24, a company known for its professional private healthcare services, has opened a new, nearly 800 m² luxury medical centre at the CityZen office building in Váci út. As a result, there is only 1850 m² of free space available for additional tenants in the 9-floor building of the A+ category CityZen Offices.
ConvergenCE is pleased to announce that it has completed the sale of the Kalvin Square and CityZen office buildings on behalf of Europa Capital.
With 80% and 100% occupancy, the CityZen and Kálvin Square Office Buildings, operated by ConvergenCE, are among the most successful recent offices in Budapest. Starting in 2015, CityZen underwent a complete exterior and interior renovation and Kálvin Square received a facelift through smaller but effective transformations.
With 18 tenants, the Kálvin Square office building of ConvergenCE has 96% occupancy. Among its tenants, there are companies like Philip Morris Hungary, Faludi Wolf Theiss Lawyers, Aegon Hungary and GEOX. Currently, there is only one, 136 sq metre, office space available.
Otis Felvonó Kft., the Hungarian branch of the world’s largest elevator company, moves to CityZen Offices from the beginning of April. Hungarian market-leader OTIS, known also as a producer of escalators and moving walkways, opens its new, 870 m² headquarters at the A+ office building completed by developer ConvergenCE at the end of 2016.
CityZen Office Building was visited by the TV show “Otthontérkép” (Homemap), airing on TV2.
CityZen, the newly renovated 12,500 m² office building at Váci út 37 has leased 1,558m² offices to Tech Mahindra. Tech Mahindra is one of the world’s leading providers of information technology, networking technology solutions and Business Process Outsourcing to the telecommunications industry.
