Internationally successful tenant for Szépvölgyi Business Park in Hungary

The Szépvölgyi Business Park in Budapest, an IMMOFINANZ Group office property, will soon become the corporate headquarters for a further international company. The new tenant for approx. 6,400 sqm of office space is NNG LLC, a navigation software company, which will relocate this autumn. The ten-year contract was signed in early summer and preparations for the tenant’s adaptations are now in progress.

Surrounded by a park, the modern Szépvölgyi Business Park is located in the Hungarian capital directly at the foot of the Rózsadomb on the Buda side of the river. The building can be easily reached with public transportation and by car; 240 spaces in underground garages and 35 aboveground spaces provide for sufficient parking. The complex has approx. 9,450 sqm of rentable office space on each of four levels in three buildings, nearly two-thirds of which will be occupied by NNG. Attractive infrastructure in close proximity – including a health club, bank and post office as well as numerous restaurants – round out the offering of this International High-Class Office property.

“The current market situation in Hungary is challenging. Especially in this environment, the new rental of more than 6,000 sqm of office space is a notable success that speaks for our high-quality office properties and our professional asset management. The unique feature of the Szépvölgyi Business Park is its green view – in any case, an alternative to the normal major city office routine. That makes it an excellent fit for our high-quality Budapest office portfolio”, commented Eduard Zehetner, Chairman of the Executive Board of IMMOFINANZ Group. “This contract signing has brought us an important step closer to our goal of successively reducing vacancies in Hungary and steadily improving our rental indicators“, added Zehetner.