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News Release

Budapest

JLL provided tenant representation for a US corporation


As the result of JLL's latest successful tenant representation a new Shared Service Center enters Hungary and signed a long-term office leasing agreement.

The client is a Fortune100 multinational corporation in the US, which, thanks to JLL's successful tenant representation services, opens its first office in Hungary in the third quarter of 2018. With a real estate strategy developed jointly by JLL experts and the executives of the corporation, the tenant has found the best rental conditions in Advance Tower, where its SSC activities will be performed on 3,500 square meters.

Head of Leasing at JLL, dr. Péter Würsching said: "The location has long been popular among SSCs, one of the reasons for this being the benefits of human resources provided by the Váci Corridor. The client also utilized this during its decision making, and after we have introduced several alternative office solutions, Futureal's development on Váci Corridor proved to be the most competitive one."

The office space will have unique and innovative design elements, the developer is an excellent partner in supporting and managing the client's ideas. The technical implementation of the project will be managed by JLL's Project & Development Services.

The category „A" office building, Advance Tower, is located on the popular Váci Corridor, the handover of the first phase will be in the second quarter of 2018, and all of the spaces are filled up with tenants. The second phase will be handed over in September 2019, and all of the office spaces are under negotiation.