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Immorent Develops 161,000-SF New Office

BUDAPEST-The property, already one-third leased, is the only speculative office project that will be ready in this city’s market in 2011.

By Allan Saunderson | Updated on August 19, 2010

BUDAPEST-The Hungarian unit of Austria’s Immorent is developing an office project, Laurus Offices, here for completion in 2011. One-third of the office complex is already leased to auditors and tax consultants BDO Forte.

The project is unique in its timing as it will be the only speculative office project entering the capital’s Pest market in 2011, said leasing agent CB Richard Ellis. Its location offers access both to the inner city and Ferihegy Airport. The office complex will have three buildings providing 161,000 square feet of grade A office space surrounding a garden, with an above-average ratio of green space.

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