Nokia Siemens renewed Budapest City Gate office rent

Finnish-German Nokia Siemens Networks Hungary renewed the lease of nearly 13,000 square meters of office space in the City Gate Office Building in Budapest.

"We are extremely pleased with the agreement." – declared Róbert Ésik, Managing Director of Nokia Siemens Networks Hungary Kft. "As a result of the negotiations the NSN employees will be able to focus on their innovation activities in a pleasant and modern environment so that we can become even more successful members of the information and telecom world. "

The agreement is unique in the Hungarian real estate market this year, not only for its size but also because it managed to meet the special needs of Nokia Siemens Networks Hungary: the growing technology needs and long-term maintenance of the center of the second RD largest in the CEE region were the most important issues during negotiations.

During the negotiations was the exclusive tenant representative CBRE Nokia Siemens network, providing a full consultancy service to its customers since the market size, all the way until the end of the contract. "The representation of the complex needs of tenants and offering competitive office market gave us a great opportunity to show how we can do better for our customers. He also took an active part in coordinating the entire project team – including project management, property management and legal representations. We are pleased that this agreement Budapest took a new step in the direction of becoming the center of the region's leading RD "-. Judit Varga said, Associate Director of CBRE.

"The door of the City Office Building has long been known in the Budapest real estate market for its good central location, and now one of our most important partners decided to extend its lease that drives us to make further the office building "clean" efficient and cost effective technology solutions. Our goal is to maintain long term business relationship with our partners, which is a major priority of the newly created CA Immo local team "- he added Gulyás side Ede owner, general manager of CA Immo Hungary.

Legal Council of Nokia Siemens Networks during the negotiations was provided by Benedek Kovács, real estate partner of Kajtár Takács-Barakonyi Hegymegi law firm Baker McKenzie.

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