Buda Square will welcome a new tenant courtesy of JLL
JLL was able to close another successful landlord representation deal at the Buda Square office building where Primal Game Studio is going to lease a 1,000 sq m of office space for its operations.
The brand new tenant of Buda Square, part of the Adventum Zrt portfolio, was procured by JLL’s consultancy services. The reputable international advisory firm was able to locate the ideal spot for the game developer; within 1,5 months the contract was signed with the owner of the building, with the occupation of the office space in the third quarter of this year.
Primal Game Studio is one of the best-known game developers in Hungary. They have collaborated with numerous established publishers in a number of projects and they have achieved a solid reputation for excellence, reliability and innovation.
Primal intended to remain in the North-Buda office submarket, therefore, the inner part of the third district seemed ideal for their needs. In the relocation process the landlord’s flexibility in the fit-out and the smoothness of the entire negotiation process were great assets. Dr. Dániel Guba, law advisor of Primal Zrt. said: “I found especially rewarding that JLL had up-to-date data during the whole transaction and provided detailed answers to all our queries expeditiously. I believe that in the highly volatile office real estate market it was one of the keys for us to move forward.”
JLL real estate advisor, Kinga Kovács in charge of the transaction, explained “The parties’ exceptionally effective cooperation has also contributed to the prompt negotiation process of the project. Our comprehensive market knowledge and the guaranteed continuous support are our team’s competitive edge which we could translate to substantial savings in our client’s time.”
Buda Square went through a thorough refurbishment in the course of 2018 which among others includes freshly designed lobby areas with refurbished elevators, heating and cooling mechanical system as well as underground parking areas. The availability of services in the neighborhood and the favourable price-value ratio of the building are especially tempting for prospective tenants. The building is also ideal with regards to public transport, it is located in the close vicinity of the city center, it has great visibility and can be accessed easily. In the nearly 18,000 sq m office building there is sole remaining leasable space of 1,457 sq m for office and a further 323 sq m for retail purposes.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com