Cushman & Wakefield exclusively representing Union Investment has successfully secured Eaton 2,300 sq m of office space at Krisztina Palace office building in Budapest, to open a new Business Service Center. Eaton was represented by DTZ Hungary. Since the transaction Cushman & Wakefield and DTZ announced the merge under the new brand of Cushman & Wakefield.
“We are proud of the long term successful business relationship with Eaton and to have helped them secure advantageous terms at the preferred office location“- added Balázs Simonyi MRICS, Head of Office Agency at former DTZ Hungary. As a proof of a strong business relationship DTZ Hungary was appointed as client side project manager for the fit-out works of the new Eaton office.
As a result of this new transaction, Krisztina Palace is now more than 73% occupied to tenants such as Emirates, Mazars, Deutsche Leasing, Granit Agriculture and Johnson & Johnson.
David Johnston MRICS, Head of Office Agency at Cushman & Wakefield said: “We are delighted to welcome Eaton’s Business Service Centre to Krisztina Palace. We are confident that this quality office building will serve Eaton’s real estate needs on the long term. The flexibility of the Landlord, the efficient floor plans, the location and public transportation facilities and the amenities all helped in the speedy decision making process.”
Paula Latta, Director of EMEA Sales Operations at Eaton added: “the flexibility and openness of this facility allows us to create a dynamic work and social environment, enabling our employees to perform at their best, deliver great support to our customers and interact with each other at all moments of the day.”
The 18,000 sq m A category Krisztina Palace, is located nearby Déli railway station and motorways M1 and M7. Circa 4,500 sq m of office and retail space remains available at the property, split over several floors.