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Gizella Loft office building to welcome new international tenant

By 2021.07.01. July 2nd, 2021 No Comments

Gizella Loft office building to welcome new international tenant

WING’s Gizella Loft office building is nearing full occupancy with the signing of a long-term lease agreement with TK Elevator, for more than 2000 sq m of office space. The new space is scheduled to be completed and ready to welcome tenants in fall 2021.

 Yet another international corporation has signed a lease agreement with WING for the company’s Gizella Loft office building. Based on the long-term agreement, TK Elevator will lease some 2000 sq m of office space at this location. The company has established itself as a global leader in urban mobility solutions and became independent since its sale by thyssenkrupp AG in August 2020. TK Elevator will become the second tenant of the complex, joining TÜV Rheinland InterCert Kft., and bringing the building’s occupancy rate to 90 percent. Following the move, scheduled for the fall, TK Elevator will operate a shared service centre for its European and African operations out of Gizella Loft.

In 2018, WING purchased the former Siemens site on Gizella Road, part of which is leased back to Siemens on a long-term basis. WING has prepared a phased development and reutilisation plan for the property. As a first step, the tallest office building of the complex, known today as Gizella Loft, was transformed into a premium category office building. Occupying an excellent location in close proximity to the City Park, the building offers 8500 sq m of office space. The renovation has transformed it into a Category A, human-focussed and cost-efficient space ready to welcome future tenants. The Gizella Loft office building is available for occupants immediately, offers additional space for future expansion and meets any special technological demands companies may have.

“We are pleased to welcome another major international corporation among our tenants. TK Elevator has already expressed its confidence in WING when it chose to move the company’s local branch to the Login Business Park. The lease agreement for the Gizella Loft building will further advance this business relationship. In addition to the range of services offered, Gizella Loft’s greatest advantage lies in its location. Situated on the Hungária Ring, the site of Budapest’s developing new office corridor, the property lies close to the Zugló transportation hub as well as City Park. It was also on the Hungária Ring that in 2008 WING completed development of the Allianz headquarters building, while the Skylight City office building, reborn in 2017, was created through the renewal of the former Material Center. Similarly, the Telekom headquarters is another WING project and nearby, the Liberty office building is currently under construction,” said Norbert Schőmer, WING’s deputy CEO responsible for office development.

Gizella Loft is situated in Zugló’s priority transportation hub, yet lies in a quiet, green setting. The facility is easily accessible from almost any point in the city with tram no. 1 or a number of buses and trolley buses linking the area to downtown. Additionally, there are also bicycle paths leading to the office park, and the Zugló railway station is just an arm’s reach away. From there, the Western Railway Station is just 7 minutes by train. There are grocery stores, banks, ATMs, a pharmacy and a number of restaurants nearby, and City Park is also located close to the property. Currently undergoing renewal, the park offers employees additional rest and recreational opportunities.

Due to its previous function, the office features exceptionally high ceilings of nearly 4 m, with a large load-bearing capacity. The windows running the entire length of the facade make the Loft experience complete. Gizella Loft is one of the tallest buildings on Hungária körút: its top storeys offer unobstructed views of almost all of Budapest as well as the surrounding Buda hills.

WING is committed to environmentally friendly real estate development and property management; the principle of sustainability guides the company’s developments in terms of construction and renewal. The completed buildings boast energy-efficient LED lighting, HVAC systems using heat pumps as well as modern and energy efficient building automation systems. Thanks to these, the energy consumption of the building is highly favourable even compared with many newly-built office buildings.