Green Court Office reaches 65% occupancy
Codic Hungary closed a very successful year in 2019 by securing an anchor tenant who will lease 1,300 m² in Green Court Office, which is due for completion in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office spaces only 7 months into construction.
The tenant, a multinational company, market leader in alcoholic beverages, has signed a long-term commitment for 11 years to Green Court Office, which shows the company’s rust in Codic to deliver a high quality sustainable product in a way that meets the most diverse needs of its customers.
“We are very proud that such a significant, globally recognized company chose Green Court Office. Our new development ticked all the key boxes including a quiet, but prime location only a step away from Váci Road and the metro station, modern and inspirational work environment, private south oriented terraces overlooking the garden, wide range of amenities and sustainable design.
Codic is working closely with the future tenant to create an office environment tailored to their specific needs, which includes a dedicated lobby area, fitness facility and cafeteria on the ground floor.”, said Christophe Boving, Managing Director of Codic Hungary.
Green Court Office has another 6,200 m² of office space for rent, as well as 1,000 m² of space dedicated to services, restaurant and shops.
Codic Hungary plans more quality developments in Budapest, in the same 13th district as well as on the Buda side, in the 2nd district.”
In this transaction, Colliers International and Dentons Réczicza Law Firm advised Codic Hungary while Jones Lang LaSalle and CMS Budapest represented the tenant. “The area around the crossing of the Váci Road and the Dózsa György Road is becoming a real office Hub and in fact an extension of the CBD, with many new office developments. Green Court Office enjoys the benefit of great visibility, prime location and excellent public transport connections to metro line 3, tram and trolley. Tenants know how to appreciate these facts and we were very happy to represent the developer on such an exciting project!” - noted Tim Hulzebos, Managing Director for Colliers International.
Green Court Office is a development of Codic Hungary in partnership with Pesti Házak Zrt. and Picton Group AG.
Green Court is a mix use project, located on Dózsa György Road, in an area well equipped with public transport connections: just a few minutes' walking distance from the M3 metro, bus and tram stops as well as easy access by car from all main roads of the city. The trolleybus has a stop right in front of the building. A dedicated bike-route leads directly to the access ramp of the complex. The project incorporates Green Court Office, a 20,200 m2 GLA office building, and Green Court Residences, two residential buildings with 275 apartments.
Green Court Residence is almost fully sold.
Green Court Office is a prime “A+” category office complex offering large and efficient floor plates of 2,300 m2, each with access to private terraces overlooking the spacious garden.
DPi Design is the architect of this nearly-zero-energy, sustainable building designed to become BREEAM Excellent certified. Due to the flexible and clever design of the building, our anchor tenant will benefit the use of a dedicated lobby area on the ground floor. Thanks to its great mixed urban location and the close proximity of Váci Road, the occupiers enjoy a variety of amenities such as sport centres, medical centres, post office, bank, ATM. Several restaurant opportunities, grocery stores and farmers' market offer a large variety of lunch and shopping facility in the neighbourhood.