Címke: office

Az ESTON hosszú távú bérleti megoldást biztosított a Nielsen számára

Sikeres volt az ESTON International és az AC Nielsen Piackutató Kft együttműködése, melynek eredményeként hosszú távú irodabérleti szerződés született a Váci Utca Centerben.

Az ESTON Bérlőképviseleti csapata a Nielsen helyi vezetőivel, facility menedzserével, illetve a new yorki központ ingatlanokért felelős vezetőjével dolgozta ki a bérlő számára megfelelő ingatlan stratégiát.

„A több mint két éves tanácsadói munka során kielemeztük a szerződés lejáratakor aktuális bérleti körülményeket, és igyekeztünk transzparens módon megjeleníteni az összes piaci lehetőséget az ügyfelünk számára. Több alternatív iroda elhelyezési lehetőséget sikerült felkutatni, végül mégis a lejáró szerződés újratárgyalása bizonyult a legversenyképesebb, és egyéb szempontok szerint is optimális megoldásnak. A Váci Utca Center vezetése az elmúlt években remek munkát végzett az épület folyamatos karbantartásával és frissítésével. Ez nagyban segített minket az egyik legfontosabb célunkat illetően, hogy a Nielsen a legfrissebb trendek alapján megújult irodában folytathassa tevékenységét, az eddig megszokott és kedvelt lokáción. A szerződéses feltételek újratárgyalása során sikerült az irodai tér kihasználásának hatékonyságát növelni, emellett a kereskedelmi feltételek letárgyalása során odafigyeltünk arra, hogy az általunk elért ösztönző csomag maximálisan támogassa a Nielsent az iroda kialakításban és az operációs költségeket illetően egyaránt” – mondta el Pál Tamás az ESTON International Iroda Ügynökségi Vezetője.

Irodapiaci jelentés 2017 Q3

Az ESTON International Zrt. ezúton közzéteszi a BRF 2017 harmadik negyedévére vonatkozó irodapiaci összegzését.

A harmadik negyedév során két új irodaépületet adtak át Budapesten; a Graphisoft Park Start-up épületét Észak- Budán 2.500 m2-rel, míg a Váci úti irodafolyosón elhelyezkedő, saját tulajdonú Nexon székház 4.000 m2-rel növelte az irodaállományt.  A teljes budapesti modern irodaállomány jelenleg 3.353.235 m2-t tesz ki, melyen belül 2.684.655 m2 „A” és „B” kategóriás modern spekulatív irodaterület valamint 668.580 m2 saját tulajdonú iroda található.

Az üresedési ráta tovább csökkent; a harmadik negyedév során 1,0 százalékponttal 7,6%-ra süllyedt, ami Budapesten az eddig regisztrált legalacsonyabb ráta. A legtelítettebb alpiac továbbra is Dél-Buda (3,3%), míg a legmagasabb üresedési rátát (28,5%) ismét az Agglomerációban mértük.

A kereslet 2017 harmadik negyedévében 164.980 m2-t tett ki, az előző negyedévben regisztrált értéket 67%-kal meghaladva. A negyedév során a saját tulajdonba vétel adta a kereslet legnagyobb részét, amely a teljes volumen 32,7% volt, melyet az új bérbeadások követnek, 27,6%-os részaránnyal. A szerződéshosszabbítások részaránya 24,8% volt, míg a bővülések 6,4%-át tették ki a keresletnek. Az előbérleti tranzakciók aránya 8,3% volt a negyedév során.

A teljes elemzést töltse le innen:

Flexible office use suited to the tenant’s needs

SequenceIQ’s office expansion advised by Eston

Eston completed another tenant representation assignment where the California based SequenceIQ expanded their office space. The IT developer company has already been a tenant at the Central Udvar office building; however, their former 300 m2 office proved to be too tight due to some changes in the ownership structure and to an expansion of staff. Thanks to Eston’s contribution the space used by SequenceIQ could be doubled to 600 m2 on another floor of the same building.

Adorján Salamon, the CEO of Eston commented “Upon assignment we have investigated the available offices at Central Udvar and we have negotiated to expand the parking contingent as well. As we see it, the success of the noted deal was that we managed to retain the flexibility of the original office lease agreement in a market situation that has remarkably changed since then. As known, office demand has recently perked up by a great extent and the vast supply that had been seen at the time of moving in is gone; in fact, the Central Udvar is already fully let.”

The CEO added “We provided more to SequenceIQ than negotiating the mutually beneficial office expansion agreement between the tenant and the landlord. We also supported the leasing of serviced offices at the Greenpoint office building for the fit-out period. The key message of this transaction to us is to deliver appropriate solutions to our client’s needs within a short timeframe with the assurance of flexible leasing conditions.”

BRF Office market report 2016 Q2

Eston International Zrt. hereby reports the Budapest Research Forum’s (BRF)  Q2 2016 office market analysis.

One new speculative office building was delivered to the market in the second quarter of 2016 extending to 5,700 sq m in the CBD, whereas one office building (3,490 sq m) was excluded from the stock, as it was sold and is expected to change its function in the near future. The total modern office stock is currently 3,297,360 sq m. The total modern office stock comprises 2,632,780 sq m of Category ‘A’ and ‘B’ speculative, and 664,580 sq m of owner occupied buildings.

 The office vacancy rate continued to decline further by 3.9 pps year-on-year and 1.0 pps quarter-on-quarter bottoming at 10.3%, the lowest level since the financial crises. The lowest vacancy rate (5.8%) was measured in South Buda submarket, whereas the Periphery region suffered from a 31.2% vacancy rate. The vacancy rate of the Non-Central Pest submarket improved the most by 8.1 pps y-o-y standing at 7.9% at the end of Q2 2016.

Download the report here:

BRF Office market report Q4 2015

The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) hereby reports the Q4 2015 office market analysis.

One new office building was delivered to the market in the last quarter of 2015 extending to 3,020 sq m in the Central Pest submarket, thus the total Budapest office stock (including owner-occupied and speculative buildings) increased to 3,280,970 sq m.

The annual supply in 2015 was 50,885 sq m, which was 25.4% lower than in 2014.

Source: BRF

The office vacancy rate continued to decline, reaching the lowest level since Q2 2008, currently standing at 12.1%. This decrease reflects a 1.4 percentage points decrease q-o-q and a 4.1 percentage point decline y-o-y. At a submarket level, the South Buda submarket is still the best performing market from a vacancy perspective (6.4%), whilst the highest vacancy rate is still recorded in the Periphery region (29.3%). During the last quarter the largest positive change was registered in the Non Central Pest submarket, where the market indicator shrank by 3.2 percentage points q-o-q and now stands at 11.7%.

Download the report here:

Cheminova moves into new office with Eston’s assistance

Cheminova Kft. begins the new year in their brand new office, which they found with the contribution of Eston’s office leasing consultants. Cheminova industry was founded 75 years ago in Denmark; they mostly develop, produce and distribute plant protection chemicals. Their local central office Cheminova Hungary intended to seek a new headquarter office, mainly because they expanded their previous office tenement. The office transaction was concluded by Eston consultants in record-time, only within 2 months, as Eston found an office that maximally suits Cheminova’s requirements.

Cheminova wished to find an office in Buda that is as quiet as their previous one, and at the same time, is located in a rather more representative business area. Another requirement was to have a hotel nearby for the convenience of the company’s stakeholders and the foreign business partners who visit Cheminova on a regular basis.

Residence 1-2 office buildings – located in the 2nd District of Buda – completely comply for the tenant requirements. The modern office-twins have several banks, ministries, two 5-star hotels and an embassy around, and offer A+ category but still homely working environment for tenants. Residence 2 welcomes its visitors with its impressive, spacious, glass-walled hall; while those working here would be maximally satisfied with the building’s own restaurant, café, medical centre, underground garage and a pleasant green passage that runs between the two blocks. Cheminova occupies its new, 300 square meter office tenement here.

We are proud to have a great new-year start in this wonderful new, modern office, which has been fitted out according to our corporate requirements. We do believe that this is one step towards achieving new successes in 2013. “– says Attila Takács, CEO of Cheminova Kft.

It is always a pleasure to conclude transactions, where we can satisfy our clients within a short time, with no need to compromise. Thanks to the flexibility of Residence Offices’ proprietor, our co-operation with Cheminova went uninterruptedly all through the entire process; this is our goal in any case: the satisfied tenant. “– says Adorján Salamon, Chairman-CEO of Eston International.

Office market analysis Q4 2012 (BRF)

Budapest Research Forum (BRF, of which Eston International is a member) reports its freshest office market report on the fourth quarter of 2012.

During the last quarter of 2012 two properties were completed in the Budapest office market: Green House (17,800 sq m) and the office component of the third phase of Madarász Park (2,800 sq m). Since several prelease agreements were signed in both properties during the year, they were each handed over with nearly 60% occupancy.
With the new completions, the total office stock increased to 3,196,405 sq m; made up of 2,642,822 sq m of ‘A’ and ‘B’ grade modern speculative office accommodation, and 553,583 sq m of owner occupied space.

The annual completion volume reached 22,951 sq m in three properties during the year, which indicates a 74% drop compared to 2011.

With 100,312 sq m transacted office space in the fourth quarter, the leasing activity reached its highest level in 2012. Although this volume is 5% higher than the level registered in the previous quarter, it is still 17% lower than the level registered in Q4 2011. New transactions accounted for 44% of the leasing activity, while expansions and renewals took 4% and 52% respectively.

The two largest transactions of the quarter were renewals; by Raiffeisen Bank in Akadémia Bank Center (11.800 sq m) and Morgan Stanley in Millennium Tower III (11.050 sq m).
The largest new transaction of the quarter, and also of 2012 was signed by Strabag in Infopark D for 7,520 sq m.

BRF registered 123 lease agreements. The average deal size increased by 28%; quarter on quarter to 816 sq m.

The annual leasing activity reached 344,977 sq m, which is 13% lower than the 2011 figure. Comparing the last two years’ data the share of new lease agreements remained nearly identical with 37%, while expansions decreased from 16% to 10%. The share of renewals in 2012 amounted to 50%, 11 percentage points higher than in 2011.

The office vacancy rate now stands at 21%, which represents a 50 basis points drop on the previous quarter, but is still 180 basis points higher than a year ago. The lowest rate (16.9%) is recorded in the South Buda submarket, whilst the highest level remains in the Periphery (32.7%).

For the first time in 2012 net absorption showed a positive value with 31.600 sq m in Q4, however the annual volume remained negative with -26.146 sq m.

Dowload full market analysis in PDF.

Office market analysis Q2 2012 (BRF)

Budapest Research Forum (BRF, of which Eston International is a member) reports its freshest office market report on the second quarter of 2012.

The total Budapest office stock (including owner-occupied and speculative buildings) stands at 3,175,807 sq m in the second quarter of 2012. BRF has not registered new office handovers; therefore the total modern office stock includes 2,622,224 sq m of speculative office buildings and 553,583  sq m owner-occupied buildings.

The total leasing activity totalled 95,830 sq m, 80% above the Q1 2012 level, and 10% higher than the level registered in Q2 2011.  In the first half of the year the total amount of leasing activity reached 149,079 sq m, 9% less than in the first six months of 2011.

The office vacancy rate now stands at 21.3%, which represents an 80 basis points increase compared to the previous quarter. Despite of the high leasing activity and the stagnant supply the amount of vacant office space has increased in the previous two quarters.

Contrary to the market trend the vacancy rate sligthly decreased in the North Buda submarket by 37 basis points. The lowest vacancy rate (16.9%) was measured in the Central Pest submarket, whilst the highest vacancy level is still seen in Periphery region (33.4%).

BRF registered 130 lease agreements in Q2 2012, with an average deal size of 737 sq m. This size is 77% higher than in Q1 2012.

There were 22 contracts registered with volumes greater than 1,000 sq m each, covering 11 renewals, 7 new lease agreements and 4 expansions. The largest transactions of the second quarter were also renewals: IT Services’s with a volume of above 16,000 sq m in Infopark ‘B’ and ‘C’ buildings, which contains an expansion, and Citibank’s lease renewal on 9,700 sq m in River Estates.

7 new lease agreements were signed for space exceeding 1,000 sq m; the three largest transactions were registered in the Szépvölgyi Business Park, Millennium Tower II and Mom Park.

The share of renewals has increased and reached 51.1% of the demand, which is the highest rate since Q3 2009.

During the renegotiations numerous tenants also opted for an expansion in the office buildings; therefore the share of expansions was 13%, which is more than double of the previous quarter’s rate.

Download full market analysis in PDF

Music in the “Court”

Budapesti Fesztiválzenekar (Budapest Festival Orchestra) moves to Flórián Udvar

Budapesti Fesztiválzenekar moved its residence into Flórián Udvar office building. Looking up the new location and the successful contracting are owing to Eston International consultants.

For the worldwide-acknowledged symphony orchestra – that was founded 29 years ago – it is highly important to have the possibility to prepare within professional circumstances for its inland and foreign concerts. As of now, the institution has more than 110 members and was aiming to have a tenement that fulfils fit-out, service- and location-wise requirements. Eston consultants carried out their quest along these parameters. Further expectation of the orchestra was to have the new location close to their music hall in the 3rd District, so this location had become into the focus. What is more: the ensemble wished to move within short time.

Upon all these, Eston professionals suggested a special building from the office portfolio of Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. (BIF), ‘Flórián Udvar’. This loft building offers key-turn offices that match all the criteria and it provides flexible, high-quality services and lease conditions. The institute already occupied its some 275 sq m area in Flórián Udvar.

It is always a pleasure to have projects, in which we can do our best within a short time. Flórián Udvar moreover stands out from office buildings with its unique, 19th century atmosphere (clinker façade, cast-iron columns, and larger-than-average interior height) mixed with modern technical features. The building therefore suites the Orchestra’s eclectic style, where modern and traditional combine.’ – says Adorján Salamon, President & CEO of Eston International.

Another new Eston-transaction to DC Offices

HR consultant firm chose DC Offices

Only a few weeks passed and DC Offices already received another new tenant, thanks to the building’s exclusive letting agency Eston International. Following the successful lease transaction of Zumtobel Lighting, now it is a personnel recruitment and consultancy firm Work-Force Kft. that chose DC Offices on Váci road. Work-Force leases a total of 390 sq m area in the building, from which, 120 sq m is going to operate as customer service area on the ground floor.

The consulting firm used to seat in the downtown but was intending to have an office that guarantees adequate milieu to its high-quality services; is well-accessible and is suitable to host a customer service area that is necessary for Work-Force’s operations. Furthermore, Work-Force wished to have an interior office design that is in harmony with the building’s extraordinary atmosphere. (Work-Force was supported by Womorrow Design Studio in this.) A further decisive factor was advantageous rent level.

After assessing the tenant’s requirements and scanning the market, Eston looked up the most suitable market options and continuously assisted Work-Force in the negotiations. The most adequate building was finally found within a quite short time: the ‘A+’ category DC Offices office building is located on the corner of Váci út-Dunyov utca. DC Offices has been an ideal choice thanks to its excellent location (the building has direct access to the subway and is easily accessible via Árpád Bridge either from Buda or from the Pest side), to its high-quality services and the proprietor’s flexibility.

Although, there are two new office buildings projected this year to be handed over on Váci út office corridor, the earlier buildings offering similar high-level quality and technical specifications on Váci út may be in better position regarding negotiations, so anyone choosing this constantly popular location can now lease his office with advantageous conditions for a long run.’ – says Dániel Pintér, Head of Office Leasing Division, Eston International.