City Gate

Fact Sheet

City Gate offers a unique opportunity to benefit from current sustainable
income with significant lease-up & value creation potential.

Address:

Köztelek utca 6.
1092 Budapest,
Hungary

citygate.hu

Key Property Facts

Object
Title Number
Tenure
Year of Construction
Gross Lettable Area
Off ice GLA
Retail GLA
Storage GLA
Parking Spaces
Aboveground Floors
Underground Floors

City Gate
36833
Freehold
1999
26,151 sqm
24,017 sqm
1,248 sqm
886 sqm
388
9
2

Key Leasing Facts*

Occupancy
WAULT to End
WAULT to BO
GRI in Place p.a. – ca.
WAR Off ice in Place
WAR Storage in Place
WAR Parking in Place
ERV Potential p.a. – ca.**
Service Charge – ca.

58.0%
4.7 yrs
3.2 yrs
€3.14mlm
€15.6 psqm
€8.6 psqm
€115.6 psqm
€4.9mln
2,673 HUF / €7.03 psqm

* Based on in-place lease agreements as of April 2024.
** Based on assumed full occupancy at market ERV.

Largest Tenants

Extra Information

Centrally located between Kálvin Square and Corvin Quarter in the Central Pest submarket.
Accessibility by public transport and car is very good.
The layout comprises 3 linked buildings on 9 levels above ground.
Developed between 1996 – 1999, it has a BREEAM-In-Use Very Good certification & Access4You certification.
The largest tenants are Morgan Stanley (33% of GRI) and Continental (21% of GRI).
Sustainable income with the benefit of leasing up potential creating future value.
City Gate offers long-term value underpinned by its alternative use potential.