Cushman & Wakefield, representing the tenant, Mentor Graphics, have successfully closed a long-term lease agreement renewing their existing 837 sq m office and expanding by another 370 sq m at Infopark D office building in Budapest.
Mentor Graphics, a leading global electronics company, has been located at Infopark D since 2009. After refurbishment, the company plans to occupy the new office area by the end of 2017. Assisted by Cushman & Wakefield’s Project Management team, Mentor Graphics will build a larger office area, thereby increasing occupational efficiencies and allowing all staff to be located in one location. The final office design will reflect Mentor Graphics’ global policy for high-quality, staff-friendly and modern office space.
Wayne Joress, at Mentor Graphics added: ‘’We really enjoy being located at Infopark D, and are delighted to have secured expansion space in our existing property. This one contiguous area solution can only enhance our business moving forward, and we are greatly looking forward to opening this new wing towards the end of 2017.’’
Tamara Szántó, Associate, Head of Office Agency at Cushman & Wakefield added: ‘’This is a fantastic transaction for Mentor Graphics, who will now have high-quality, modern office space which will support the company’s core business for the foreseeable future.’’
“Mentor Graphics has been Infopark D's tenant for years and we are pleased to have their partnership in the future as well. Tenant satisfaction is highly important for both the owner, TRIUVA, and the asset manager - GAMMA Properties - of Infopark D, which is highlighted by this expansion.” - said Tibor Gasser, general manager at GAMMA Properties.