Trigránit Development has recently appointed Cushman & Wakefield Healey & Baker and
Jones Lang LaSalle as joint leasing agents for the office element of West End City
The office building, which includes 19,000 sq m of class A accommodation currently has 1,100 sq
m space available. "It will be our agents' initial task to market this space," says
Trigranit's Development Director, Árpád Török.
West End City Center already has an impressive list of tenants, including Philip Morris,
Servier, Volvo, Avaya, EMC2 and Vodafone, and prospects for successfully letting the remaining
1,100 sq m look good.
According to Cushman & Wakefield Healey & Baker's latest office market research
snapshot, office take up is still at record levels, well above the quarterly average figure for
the last 5 years. The Central sub-market, of which West End City Center is part, continues to
account for the vast majority of total take up.
The increased confidence in the Budapest office market from both developers and occupiers is
underlined by the fact that Vodafone, who occupies 7,000 sqm in West End City Center, has
already signed a prelease to relocate their headquarters to Trigranit's latest development,
Millennium City Center, a multi-functional scheme on the banks of the Danube which will also
include 19,000 sqm of offices.
Vodafone's move in summer 2006 will free up sufficient space for a corporate headquarters in
West End City Center. Increased interest from companies looking to upgrade existing office
accommodation or move to a more central location, or new companies entering the market are the
main targets for Cushman & Wakefield Healey & Baker and Jones Lang LsSalle. Both agents
will also make use of their extensive corporate client base.
"Vodafone's move to our Millennium City Center project creates an excellent opportunity
for WestEnd City Center," according to Trigranit's Árpad Török. "We will be one of
the very few developers who can offer sufficient space for a company headquarters in mid-2006
and we will work closely with our Agents to maximise the potential of this opportunity,"