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Related news

Pódium: reloaded

Pódium office building took a flying start. Following a technical upgrade and facelifting, S IMMO Hungary’s flagship property was reintroduced to the market at the beginning of 2016. Within twelve months the overall occupancy of the 6,000 sqm building has reached 92%.

Pódium Office building fulfilling generation Y/Z needs

Only 6 months after welcoming its first tenants Pódium Office building is now close to an occupancy rate of 60%. Following a complete renovation in 2015 the building located in the downtown theatre district of Budapest has quickly become very popular for companies with a creative and technical background.

Developments result in tenants’ recognition

S IMMO Hungary’s office buildings have seen continuous upgrading and increasing occupancy. Most of the technical and visual renovation works finished by the end of last year. This year has already brought a number of major lease agreements. S IMMO Hungary, which has been operating on the Hungarian property market for 15 years now, put great emphasis on modernizing its properties in the last 3 years.

Renovation of River Estates finished in 2015

The technical and visual renovation of River Estates office building located on Váci út was completed by the end of 2015. In terms of sustainability, the installation of the new HVAC system (heating, ventilation, air conditioning) is the most important part of the project, significantly improving the building’s energy features. By the end of 2015 the building had an occupancy rate of over 96% with new lease agreements for approximately 4,500 sqm of office space.

S IMMO office buildings strengthen market position

A new star has appeared recently and is rising on the office market in the downtown theatre district of Budapest. Podium Office building was vacated one and a half years ago, and has since undergone a complete renovation. The building is owned and operated by an Austrian investor, S IMMO AG and its Hungarian subsidiary, while marketing and the exclusive leasing consultancy is done by Colliers International Hungary. So is another office building in S IMMO’s portfolio: Blue Cube which received a BREEAM In-Use Very Good classification in the Asset and Building management categories.