C&W representing the Landlord, has concluded the lease renewal with LeasePlan on circa 1,700 sq m in a prestigious and creative office building located in the South Buda submarket, in Budapest.
LeasePlan is present in 31 countries, with 6,500 employees who manage the fleets of more than 75,000 customers, which represents a global fleet of 1.3 million vehicles worldwide. LeasePlan is the overall market leader in the field of fleet management worldwide. LeasePlan has been located at the premises since 2005.
David M Johnston MRICS Head of Office Agency at C&W Budapest said: ‘’LeasePlan are a key tenant for our client, the Landlord, and it is fantastic that they have committed their long-term office solution at this location. The South Buda submarket continues to lead the way in terms of having the lowest Vacancy rate in the city, now standing at circa 10%, compared to the Budapest wide vacancy rate of 15.7%. This figure is more impressive given that the Budapest Vacancy rate has never been below 10%.’’
Ágnes Dávid, HR Manager at LeasePlan added: ‘’After a profound search of the market, we felt that renewing in situ provided us with the optimum Real Estate solution for our Budapest operations. We now look forward to focusing on growing our core business in Hungary.’’