Vodafone Hungary - Renegotiation of Office and Retail Lease


Click to Enlarge

The Challenge

Vodafone Hungary has appointed C&W to renegotiate its existing leases for the mother company occupied locations in Hungary. The client’s major objectives were to reduce their rental costs and optimise store locations.


The Solution

Step 1: Renegotiations with the landlord’s of existing stores and rationalization of the rental costs for a long term agreement.

Step 2: Evaluation of the existing locations and negotiations for relocation if needed.


The Results

Cushman & Wakefield, as the preferred agent for Vodafone Hungary, has successfully completed the renegotiations on 11 locations, including a relocation, with significant savings realized for the firm. Cushman and Wakefield has also managed to secure a location within a very short period of time for Vodafone’s Smart Store, which is a unique concept in Europe.

Contact

Viktória Szabó

Head of Retail

Budapest, Hungary

Phone +36 1 484 1318

Contact me

Related Case Studies

Cushman & Wakefield was appointed for the Property Management of Nordic Light Office building developed by SKANSKA in May 2016.

Read More...

Park center- Retail Warehouse

Read More...

Dunaharaszti, Hungary, Development site

Read More...