Avestus wins contract to manage Hungarian office

Avestus Real Estate has been appointed to manage the Népliget Center office scheme in Hungary on behalf of GLL Real Estate Partners, the manager of the fund that owns the asset.

Developed by Swedish construction group Skanska, Népliget Center provides 26,000 m² of office space located near the road to Budapest airport.

Avestus already manages Bank Center in downtown Budapest on behalf of GLL Real Estate Partners.

'Our achievements at Bank Center have contributed to us winning the contract for Népliget Center. The number of facilities in a property management company’s portfolio is an important factor to consider. If you have several facilities, you can streamline property management processes and offer better terms and lower rates to lessees,' said István Rézsó, property manager of Avestus.