West End Business Center and MOM Park attracts new tennants

2014.02.10 10:05

West End Business Center, located in Budapest’s city center and MOM Park Shopping Center and Offices situated in the heart of Buda– both managed by AEW Europe, secured a significant amount of lease renewals with existing tenants.
 
West End Business Center, located in Budapest’s city center and MOM Park Shopping Center and Offices situated in the heart of Buda– both managed by AEW Europe, secured a significant amount of lease renewals with existing tenants.
 
The West End Business Center’s 28,000 m2 is now 97% leased, with new lease agreements signed on 4,400 m2 during the year. The tenant line-up was extended by such prominent tenants as Euromedic Group/Diagnoscan Magyarország, Trenkwalder and Yntergy. Avon has also chosen the iconic downtown building to showcase its new retail concept as well as Tower International which opened its first A.B.E. Offices in West End Business Center providing high quality serviced offices on a total of 1,300 m2. .Diageo  and Ernst & Young  both increased the size of its office space in 2013. The multiple award-winning, 10-year-old office complex is still in extremely high demand thanks to its technical solutions, excellent location and professional management.
 
 Anita Hancz, Asset Manager at AEW Europe - responsible for the asset management of West End Business Center commented : "Over the past two years we have signed new contracts for nearly 20 % of the total surface of the assetas part of a carefully developed management strategy to focus on satisfying tenants needs. Thanks to the asset’s outstanding facilities and applying the appropriate strategy, AEW Europe has achieved fantastic results in a very difficult market. "
 
MOM Park Shopping Center and Offices experienced similarly leasing activity, with new contracts signed on 2,600 m2 of office space in 2013. Portfolion Ltd., EconGas and Provital are the new tenants in the emblematic Buda-side building managed by AEW Europe. In addition, in the spring of 2014, Tower International will open its second, newest A.B.E. Offices center on nearly 1,000 m2. Current tenants Thales and Bonitas 2002 Ltd. extended their leases. Only 4,000 m2 office space is still available  in MOM Park Shopping Center and Offices.
 
 
About AEW Europe
AEW Europe is one of the leading European real estate asset and investment managers. Together with AEW Capital Management in the United States and Asia, AEW Europe and its regulated subsidiaries - AEW Europe LLP, NAMI - AEW Europe and AEW Europe SGP - form a global real estate platform with near €38 billion in assets under management (of which €17.9 billion is in Europe). AEW has over 30 years experience in the management of real estate funds and separate institutional mandates with 500 employees in 14 locations around the world, including head offices in Boston, London, Paris and Singapore. AEW's innovative investment strategies are research-driven and rigorously controlled for risk, with implementation carried out by professional teams in its extensive network of local offices on the ground.
 
AEW regularly receives industry awards in recognition of its investment performance and adherence to principles of sustainability. AEW Europe is a founding member of the group of leading real estate fund managers applying the Bureau Veritas "Green Rating" standards to its European investment portfolio and is a signatory to the United Nations' Principles for Responsible Investment. The company is also an active member of the European Association for Investors in Non-listed Real Estate Funds (INREV) and its portfolios are benchmarked by the Investment Property Databank (IPD). AEW Europe is a subsidiary of Natixis Global Asset Management, one of the top 15 asset managers in the world.
 
 
Press Contact
LanceCom Communications - Zsuzsanna Tüske
t.zsuzsanna@lancecom.hu
lancecom@lancecom.hu
+36 1 311 9152
 

 
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