Millennium Tower I.
Fact Sheet
MTI anchors the iconic Millennium Towers development and has just been
refurbished, with recent leasing underpinning its fundamentals as a Core Plus Office.
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
Millennium Tower I
38017/23
Freehold
2006
18,856 sqm
17,551 sqm
585 sqm
720 sqm
264
8
3
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.
89.4%
7.0 yrs
3.9 yrs
€3.44mln
€15.7 psqm
€8.4 psqm
€117.9 psqm
€3.9mln
2,817 HUF / €7.41 psqm
* Based on in-place lease agreements as of April 2024.
** Based on assumed full occupancy at market ERV.
Largest Tenants
Extra Information
- Millennium Tower I is the first phase of the renowned Millennium Office Quarter.
- The Millennium Quarter is iconic, desirable and a flagship project which is known internationally.
- Built in 2006, the asset features a BREEAM-In-Use Very Good certification & Access4You certification.
- MTI overlooks the Danube River, providing a premium panoramic view and landscaped park area.
- Excellent accessibility by public and private transport with tram, bus and rail connections.
- Occupied by 5 tenants with Wizzair and Morgan Stanley as the anchors.
- All tenants are household names with a blue-chip profile.
Gallery
Contact
TIM
O’SULLIVAN
Senior Director,
Head of Investment Properties,
Hungary
+36 30 534 17 44
tim.osullivan@cbre.com
CHRISTOFER
PEHRSSON
Associate Director
Investment Properties,
Hungary
+36 30 732 46 26
christofer.pehrsson@cbre.com