NXP’S office lease renewal in IP WEST

Global real estate consultant Cushman & Wakefield (C&W) has successfully represented NXP Semiconductors N.V (NXP) – a leading semiconductor producer company, founded by Philips more than 50 years ago – in their office lease renewal on 2, 595 sq m in IP West office building owned by CA Immo, one of the leading European real estate developers.

In addition to the 2,595 sq m office space, which extends over two floors of the scheme, NXP has also renewed their contract for 38 parking spaces.  Gergely Pados, Head of Office agency at C&W Budapest said: “After an extensive search of the market, it became clear that the best solution for NXP was to renew at IP West. CA Immo were very flexible regards NXP’s needs, and we are confident NXP will enjoy their continued occupation of the property.’’

Zoltan Kormoci, Managing Director NXP Hungary commented: “We have been located at IP West for a few years now, and are happy to be staying in the property. This renewal gives us a stable platform from which to grow our local and regional business, and our employees are happy with the services and amenities IP West has to offer.’’ Csilla Vattay Leasing Manager at CA Immo added: “We are delighted that one of our most valued tenants, NXP, has renewed at IP West. This demonstrates to us that IP West remains a popular office destination despite the wider economic uncertainty.’’  Cushman & Wakefield is the preferred global provider of NXP.

IP West, owned by CA Immo, is a “class- A” office building offering 31,600 sqm office space. Characterized by efficient, flexible light spaces, it is a combination of technical standards and unique architectural solutions. The inner gardens, cafeterias, and two restaurants ensure relaxation in a nature-like environment.. It is located at the foot of Rákóczi (former Lágymányosi) bridge on the Buda side, in the 11 district, at the crossing of Budafoki, Dombóvári and Prielle Kornélia street, neighbouring Budapest’s fastest developing innovation and research area and University Campus . It  is well served by public transportation and can be easily accessed by car as well. The neighbouring main roads make the building easy to reach from both the residential green areas and downtown of Buda, along with Pest’s business district. The M0/M1/M7 highways and the Liszt Ferenc International Airport are easily accessible from the building.