Two global giants extend lease contracts in CityZen

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Two global giants extend lease contracts in CityZen

Since 2016, the Hungarian branch of Tech Mahindra has been utilizing the exceptional location and services of CityZen office building. As one of the largest tenants in the office building, they have signed another long-term contract with the building owners. OTIS arrived on Váci Street a year later, becoming a tenant of this “A” category office building with excellent BREEAM certification in 2017. Both companies expressed their satisfaction with the building and its services recently by extending their existing lease contracts.

OTIS Group is helping people around the world with nearly 2.5 million units moving 2.2 billion people daily. With its 71,000 employees, the company offers products and services in nearly two hundred countries. Cushman & Wakefield represented OTIS Elevator Ltd., the Hungarian branch of the parent company, during the negotiations.

The Indian tech company serves clients in various industries across more than 90 countries. Tech Mahindra’s Budapest center opened its doors in 2014, employing nearly fifty staff members, half of whom are women. As one of their core values is diversity, they put a lot of focus on people, employees, and creating a new, modern, but above all, sustainable work environment.

“In the past year, CityZen has reached full tenancy,” emphasized Dóra Papp-Vas, Leasing Director at ConvergenCE. “Therefore, it is particularly important for us to think about innovations and continuous quality improvement solutions in our services that will meet the demands of our tenants. The best confirmation of success is when an international company that has been with us for a long time believes that its future is still in CityZen. We appreciate the trust and will continue to do everything for the satisfaction of our clients in the future.”

There are 240-900 m2 continuous office spaces available at CityZen, our Leasing Team can provide further info by clicking on the “Contact” action button.

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Since 2016, the Hungarian branch of Tech Mahindra has been utilizing the exceptional location and services of CityZen office building.
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ConvergenCE prioritizes social sustainability, with a particular focus on accessibility. Their office buildings: CityZen, ZenGarden and Kálvin Square, obtained Access4you certification in 2020, being among the first to do so.
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For properties purchased and repositioned by ConvergenCE investors, the aim is always to achieve excellent ratings, implement the latest technologies and develop a customer-focused service package. Founded in 2008, ODD Consulting Kft. has expanded its team on the third floor of the “A” category CityZen Office Building, which has an excellent BREEAM rating, so the building on Váci út has reached 100% occupancy.
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