BREEAM IN-USE certification

BREEAM certification facilitates market repositioning of the Building

Property Name: Science Park
Location:Budapest, Hungary
Property Type:Office
Service Type:Property management
Size:30500 sq m
Owner:HEITMAN
Client:HEITMAN
Website:http://sciencepark.hu/hu/
Main Tenants:Ericsson Magyarország Kft. (17 435 sq m)
TATA Consultancy Services (5 730 sq m)
ENEXION Hungary Zrt. (2 738 sq m)
Quote:“Our property management team provided added value by managing and carrying out the certification achieving Very Good performance.”

Challenge

Tenant occupying 57 % of the building moves out from the building. Client’s target is to find prospective tenants parallel with the re-positioning of the Asset on the domestic office market

Solution

Our team assessed the criteria of Building performances, revised and improved the management’s processes, and established bench marks. In compliance with bench marks, we articulated achievable targets and elaborated the processes to give perspectives to the perpetual progress of advancement.

Results

As a result of the re-certification achieving Very Good qualification in two categories Client was able to articulate the exact market position of the Building. In line with the targets we defined during the certification process Client was able to determine the exact elements of the improvements and work out feasible leasing strategy.