Green Court Office Reaches 65% Occupancy

Codic Hungary closed a very successful year in 2019 by securing an anchor tenant who will lease 11,300 m² in the Green Court Office building, due for completion in Budapest in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office spaces only seven months into construction.

The tenant, a multinational company, market leader in alcoholic beverages, has signed a long-term commitment for 11 years to Green Court Office, which shows the company’s trust in Codic to deliver a high quality sustainable product in a way that meets the most diverse needs of its customers.

“We are very proud that such a significant, globally recognized company chose Green Court Office. Our new development ticked all the key boxes including a quiet, but prime location only a step away from Váci Road and the metro station, modern and inspirational work environment, private south-oriented terraces overlooking the garden, wide range of amenities and sustainable design. Codic is working closely with the future tenant to create an office environment tailored to their specific needs, which includes a dedicated lobby area, fitness facility and cafeteria on the ground floor”, the Managing Director of Codic Hungary, Christophe Boving said.

Green Court Office has another 6,200 m² of office space for rent, as well as 1,000 m² of space dedicated to services, a restaurant and shops. “The area around the crossing of the Váci Road and the Dózsa György Road is becoming a real office hub and, in fact, an extension of the central business district, with many new office developments. Green Court Office enjoys the benefit of great visibility, prime location and excellent public transport connections to metro line 3, tram and trolley. Tenants appreciate these facts and we were very happy to represent the developer on such an exciting project,” noted Tim Hulzebos, Managing Director for Colliers International that advised Codic Hungary in the deal.