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News Release

Budapest

S IMMO Hungary assigned JLL and Robertson Hungary as co-exclusive leasing agents of River Estates office building


S IMMO Hungary, owner of River Estates office building located at the junction of Váci road and Dózsa György road, co-exclusively assigned JLL and Robertson Hungary real estate agencies to lease 9,200 square meters of quality office space.

River Estates comprises of nearly 20,000 square meters of office space out of which 9,200 square meters will be available from the second quarter of 2019. The category "A" office building offers bright office spaces on ten floors. The advantage of the high-visibility building is that it is only a few steps from the subway station M3, in addition the services include a 24-hour reception, a restaurant, a fitness and wellness center, and an underground garage with three levels.

Katalin Sermer, representative of S IMMO Hungary, said: „We look forward to the cooperation, we are confident that River Estates office building, renowned for its great location, top-quality features and services, will become the home of honorable new tenants in the coming years as a result of the professional attitude and work of JLL and Robertson Hungary - two prominent players - in the Budapest property market.

„I am pleased that we can work together with S IMMO Hungary, and that the number of our assignments on Váci Corridor includes River Estates office building. Recently JLL has participated in several successful deals in the office corridor, and according to market forecasts demand will continue to be active in the submarket." – said dr. Peter Würsching, Head of Leasing at JLL.

„Robertson Hungary received the leasing mandate of River Estates for the second time, we like this project. In addition to the great location River Estates offers flexible office layouts on a large floor area. Amid the growing competition the building became even more attractive after its technical renovation. In today's active, changing market conditions, where tenants move continuously, professional representation is indispensable. Our team closed a very strong year in 2017, we have found new tenants for our landlords for more than 29,000 square meters." – summarized Róbert Tilki, managing director of Robertson Hungary.