Success Story Continues

ARENA BUSINESS CAMPUS

• The next major development project of Atenor is a campus of office buildings and commercial spaces covering 72,000 sqm on Hungária Boulevard. • The complex will consist of four buildings with an exceptional proportion and significance of green areas. • Excellent location, metro station is only 300 meters away, the Aréna Plaza shopping center is five minutes away. The first building is 20,000 sqm and will be handed over in 2020 Q2.

VÁCI GREENS E & F

• A large-scale campus-style development with more than 130,000 sqm of exclusive “A+” class offices in the heart of one of Budapest’s most famous business districts. • BREEAM “Excellent” green certification and an extensive green working environment • After the successful sale of the first four buildings (A, B, C, and D), the handover of office buildings E &F is scheduled for 2020 Q2-Q3.

Contact: Atenor 1138 Budapest Váci út 117-119. Zoltán Borbély Country Director +36 1 785 52 08 borbely@atenor.hu Nikolett Püschl Development & Leasing Manager +36 1 785 52 08 puschl@atenor.hu

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complete this year and the office space is prelet to a single tenant.

CPI is developing the 16,000 sqm Balance Hall in the Váci Corridor. This third phase of Balance Office Park – again on Váci út – is scheduled to be delivered at the end of 2019, bringing the total space at the complex to 35,000 sqm; there remains the possibility of a fourth phase of the development.

Hungary’s Futureal has undertaken development of the first 25,000 sqm phase of the 65,000 sqm Budapest One Business Park in Kelenföld. The urban mixed-use project is on a similar model to the Corvin Quarter development in District VIII where Futureal has completed phase one of the Corvin Technology &

“The biggest threat for tenants has been the lack of available, large modern, class ‘A’ spaces where they can secure expansion areas, as most of the multinational tenants are going through frenetic growth. The good news is that developers clearly understand such challenges by delivering the appropriate amount of new supply.”

Science Park. The developer has also undertaken development of the first 12,000 sqm phase of Advance Tower in Váci út.

Of the circa 430,000 sqm currently under construction, 50% is already prelet. A number of big deals are being concluded with occupiers and gross take-up is expected to be as high as 530,000 sqm for 2019 according to David Johnston, head of advisory and transaction services at CBRE Hungary.

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