• GTC Hungary concluded lease agreements for 8,550 sq m in Spiral office building in Budapest
• New tenants will move to the building in May 2009

GTC Hungary – a subsidiary of Globe Trade Centre S.A. (GTC) – concluded two lease agreements for the office space in the Spiral building in Budapest. Tax and Financial Control Administration (APEH) and Hochtief Facility Management will occupy 8,550 sq m in total.

The Hungarian Tax and Financial Control Administration (APEH) will take approx. 8,000 sq m of office space in the newly completed building. This transaction is one of the largest office lease agreements concluded in Hungary in 2009. The space is allocated for one of the new divisions of the government tax office.

A five-year lease agreement for 550 sq m was also signed between GTC Hungary and Hochtief Facility Management. Hochtief FM provides a full range of services regarding technical, infrastructural and commercial facility management and consulting.

Both tenants will move to the building in May 2009.

Spiral building developed by GTC Hungary is a multifunctional complex in the very heart of Budapest, combining modern office and retail space, excellent location and pleasant environment. Spiral has been designed and will be built in two stages. Phase 1, now being completed, offers 34,000 sq m GLA.

Spiral’s tenants can also enjoy an extensive range of shops and retail services, as well as more than 430 parking spaces. The combined services, layout and the proven quality of GTC’s office spaces make Spiral the perfect base for both international and local companies.

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