GTC concluded one of the largest office lease agreements in Budapest
Budapest Bank leased nearly 17,000 sq m in GTC Metro Building

Budapest Bank and GTC Hungary concluded a pre-lease for renting the new GTC Metro office building in Budapest. The bank will occupy close to 17,000 sq m and will move to the new GTC Metro Building in Váci út in 2010.

GTC Hungary Real Estate Development Pltd. – a subsidiary of Globe Trade Centre S.A. Poland (GTC) – concluded a pre-lease with Budapest Bank – owned by GE Capital, the global finance unit of General Electric. The Budapest Bank headquarters will occupy the entire GTC Metro Building.

The office building on the “Váci office corridor” of the 13th District, Budapest will provide 16,740 m2 of offices, retail and storage space and 222 underground car parking spaces.

Budapest Bank and its subsidiaries (Budapest Fund Manager., Budapest Fleet., Budapest Auto Finance, and Budapest Leasing) will commence the lease in GTC Metro in Q2 2010 upon completion of the construction of the building. The term of the lease is up to 10 years.

The GTC Metro Building is a multifunctional complex strategically located, adjacent to excellent public transport and retail facilities and offers modern offices in a pleasing environment.

“The combined services, layout and proven quality of GTC’s office spaces make Metro the perfect base for Budapest Bank’s future in the Hungarian capital city” – says Robert Snow, the General Manager of GTC Hungary.

Earlier this year GTC Hungary signed a major lease agreement in GTC’s another office project in Budapest – Spiral Building, where Hungarian Tax and Financial Control Administration (APEH) leased 8,000 sq m.

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