Morgan Stanley new headquarters in the Millennium Towers

Morgan Stanley to set up its Hungarian Business Services and Technology Centre in the Millennium Towers, an office complex in the heart of the Millennium City Center developed by TriGránit Dev. Corp.

TriGránit Dev. Corp. this Monday (2006 Oct) signed an agreement in Budapest with Morgan Stanley, the leading global financial services firm. Under the terms of the agreement, Morgan Stanley will move its Hungarian Business Services and Technology Centre into the Millennium Towers office complex in the heart of the Millennium City Center as of December 2006. Thanks to this deal, Millennium Tower I. is now fully let, and we have a pre-lease agreement for the next phase which will be handed over by 2008.

On completion of the headquarters up to 450 people will work in the Centre, which will provide support to Morgan Stanley’s businesses in London and New York across operations, mortgage finance, financial control and information technology.

Millennium Towers II. and III offer 40.000 m2 of office space with a three storey underground garage, café-restaurant, fitness centre, banking services and cultural and conference facilities offered by the National Theatre and the Palace of Arts.

„It is a great honor for us, to have one of the world’s leading financial intuitions as our new tenant and business partner. Morgan Stanley is joining a prestigious group of existing tenants including Vodafone, Provident, Boehringer and Lufthansa and we are confident that they will find a new home fulfilling all their needs„– says Todd Cowan, CEO of TriGránit Development Corporation.

Lorant Kibédi Varga, TriGránit’s Hungarian development director underlined the fact, that the exceptional tenant composition of Millennium Towers, and the pre-lease agreement signed with Morgan Stanley rightly expresses the fact, that the concept designed by TriGránit for Millennium City Center is unambiguously a success story on the Budapest office market.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com

TriGránit is a fully integrated real estate investment, development and management company. With operations in 12 countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of over € 5 billion of major mixed-use developments, as well as a number of public private partnership (PPP) investments, TriGránit is well positioned to participate in the expanding real estate markets.