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What's the Role of Váci Road Office Corridor in the Hungarian Economy?

Feb 17th, 2020
Companies with their headquarters located in Budapest between Nyugati Railway Station and Újpest Center metro station in Váci Road, play a huge role in Hungary’s economy. Most of the companies here offer services, with only a negligible amount of manufacturing, making them less eye-catching than a...


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south buda business park

A New Business Park is Being Built in South Buda

Jun 12th, 2019
White Star Real Estate starts building a new business park in district XXII. Budapest called Park22. The investment will be constructed in three phases, worth 15 billion HUF (approximately 47 million EUR) altogether. The project will be built in three phases and will start this year. There will be three office buildings and six warehouse halls. As part of the investment, 421 parking spaces, a 24-hour security and entry system, and electric car chargers and bicycle storage are being developed....

The Office Market in Budapest is Heading to New Heights

Apr 24th, 2019
In the Budapest office market, the vacancy rate is only 7.1 percent. There is a demand for nearly 80,000 square meters in the first quarter of 2019, which is 12 percent less than a year ago. The stock may grow in the coming quarters despite the fact that no new office has been handed over in the first three months, according to BRF's first quarterly office market report in 2019. The Komplex Irodaház and previously privately owned Siemens HQ were included in the speculative stock in the first...
Nordic Light Trio

The Third Nordic Light is on its Way to Váci Road

Apr 12th, 2019
The last phase of the new office building called Nordic Light Trio will be built at the Váci Road office corridor. The Nordic Light office complex, designed by Paulinyi-Reith & Partners, is located on a 2,500 squaremeters gross area as a continuation of the complex. The complete set of shapes is being carried through the Scandinavian building. In September last year, the construction of the third, final phase of the Nordic Light office complex was launched on the site of Véső Street and...

Introduction of the HillSide Office Building

Mar 19th, 2019
In the neighborhood of MOM Park, at the junction of the South and Central Buda, the HillSide Office Building was officially completed. The complex was developed by Sándor Scheer and György Wáberer, alongside their real estate development company, with 8 levels, 22,000 square meters of leasable office space and 500 square meters of lobby space. The city part stepped into a new era in business and residential areas, as the concept is elegant, represents a green perspective and fits into the...

The Introduction of Liberty Office Building

Mar 14th, 2019
The construction of the Liberty Office Building, designed by DPi Design, will provide a great working environment for the employees, in addition it is next to Telekom's modern headquarter. The colorful ceramic facade and built-in glasshouse will make the environment even more enjoyable at the more than 40.000 square meters premium office and commercial environments, and even targeting the BREEAM Very Good qualification. In addition to the design, its placement is also very good, as it is in one...

These Budapest Office Buildings Are There at the World's Most Well-Known Real Estate Exhibition

Mar 14th, 2019
Between March 12-15, MIPIM (Le marché international des professionnels de l’immobilier) will be held for the thirtieth time, which is the world's number one real estate development exhibition, where the value of the projects that have been taken is close to EUR 4 billion. The most influential people in the real estate sector will also appear at the event at the Palais des Festivals, which will also host the Cannes Film Festival. The four-day event will be attended by 3.100 exhibitors from 100...
Corvin Technology Park

The Corvin Technology Park is in Structural Phase

Feb 26th, 2019
The Corvin Technology Park office building is now in structural phrase. This facility will not only be classified as one of the most modern complexes in Budapest, but will also showcase the most environmentally friendly solutions. The total leasable area of Corvin offices in one of Budapest's most admired districts is increasing to 100.000 square meters. The 27.000 square meter, two-stage Corvin Technology Park is located on the eastern side of the Corvin Quarter, next to the Nokia Skypark...

Latest Developments from Váci Street Office Corridor

Feb 14th, 2019
Codic International, based in Brussels, builds its 21,000 square meter office and 275 apartments in Budapest with the Hungarian Houses of Pest and the Venta Group in Austria. District XIII. is both among the best districts in terms of office development and housing development, as there is a lot of investment in this area. At the same time, one of the highest towers in Váci Street is being demolished to allow modern office buildings to be built in the development of Skanska. New office corridor...

The Office Market in Budapest is Blowing Up

Feb 4th, 2019
The Hungarian office market closed a very strong year last year, with gross rentals exceeding 171 000 square meters in the last quarter, an annual level of over 535 000 square meters. Tópark Offices (15 355 square meters), Pasaréti Office Building (5 870 square meters), HillSide Offices (21 925 square meters) and Societé Budapest (1 120 square meters) were all delivered this quarter. Thanks to the transfer of these buildings, Budapest's modern office market was expanded by 44 265 square meters...

New Office Buildings Handed Over in Budapest

Dec 5th, 2018
We have reached the most dynamic period since 2011 in office rentals. Many new and spectacular office buildings were handed over in Budapest and we can expect growth in the next period. Mill Park Office Building With the development of Skanska, the Mill Park office complex, begun in 2016, has already completed its second building. The first half of the office complex, about 36.000 square meters, located in district IX. Soroksári Road, was built in May, and the employees of the T-system...


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