Budapest, 5 Januar 2010.

„Tenants reduced lease areas, and the vacancy rate is increasing” – reminisces Miklós Saly, head of office leasing at Colliers International Hungarian office, on the main points of turbulence in 2009. Regardless, there have still been success stories.

A good example is the Váci 33 office building, which was handed over in 2007. With the help of Colliers International, the building was leased to 90% occupancy within a year and a half of its handover. One of the main tenants of the building is Celanese Corporation which operates a global Business Shared Services Center in Budapest.

As opposed to most other companies, the above mentioned dominant tenant increased lease space during the crisis. Recently, they expanded their 2.800 sqm office space with a further 1.500 sqm area, thanks to which the building is now 100% leased and Celanese Corporation has become by far the largest tenant in the building.

The owner of the building is the Austrian company IG Immobilien, with the exclusive leasing agent remaining Colliers International – summarized Miklós Saly.