NEW SUCCESS OF ESTON’S TENANT REPRESENTATION TEAM – HORTONWORKS HAS RECENTLY EXTENDED THEIR OFFICE LEASE IN CENTRAL UDVAR OFFICE BUILDING IN BUDAPEST

The American owned HortonWorks has recently extended their office lease in the CBD in Central Udvar.  The tenant representation team of ESTON International supported the California based data software developer company from Santa Clara. 

ESTON started the cooperation with HortonWorks in 2016 and the advisor company was really glad to work with them again. „We are happy that the „band” (the team dealing with the real estate matters) was reunited again. Because of their growing clientele they started to run a bigger operation and it resulted in an office size increase as well” – told Tamas Pal, Head of Office Agency from Eston. „It ment a lot and made the process easier that we have worked together with AddVal before which has been responsible for the letting of the building. Their professional attitude ensured the new Landord about the serious willingness of the Tenant regarding the lease extension and expansion”.

AddVal’s Leasing Manager Rita Szabo said: „We are really satisfied when one of our Tenants extending their office lease in the building that we lease and manage. It is a great recognition of our efforts.

„In the current office lease environment it’s very challenging to secure the requested office space for an expansion but Eston did their best for the sake of HortonWorks” – continued Tamas Pal, Head of Office Agency at Eston International. HortonWorks started with one level lease in the building and now they are on 3 levels after expanding their operation.

The ESTON Tenant Rep team represented HortonWorks for the second time. Now and then Eston worked together with the American advisor; Savills Studley helping their Client together. An assignment like this is always really interesting because apart from the local tasks the consultants need to resolve the time zone differences which requires a great flexibility from all parties. In this particular case we were lucky that the consultants and the landlord team have been well established so the earlier mentioned „band” expression is a very correct expression. We can achieve the targets together with the band!

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