Millennium Tower III.

Fact Sheet

MTII & MTIII are the focal hub of the Millennium Quarter – a dominant office campus overlooking the Danube and an iconic landmark of the Budapest Skyline.

Address:

Lechner Ödön fasor 8.
1095 Budapest,
Hungary

millennium-towers.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

Millennium Tower III
38017/26
Freehold
2008
20,965 sqm
18,153 sqm
2,268 sqm
544 sqm
285
8
3

Key Leasing Facts*

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

94.2%
5.4 yrs
2.2 yrs
€4.0mln
€16.7 psqm
€8.1 psqm
€8.1 psqm
€114.1 psqm
€4.3mln
3,158HUF / €8.31 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 III is the third, largest phase of the renowned Millennium Office Quarter.
Constructed in 2008, this Grade A asset benefits from a BREEAM In-Use Very Good certification & Access4You certification.
It benefits from excellent accessibility to public and private transport – Tram, Rail & Bus.
MTII & MT III are the central focus and hub of the Millennium Quarter.
MTIII is internationally recognized for its design and tenant lineup.
Tenant retention in the building outperforms the market.
Leased to 5 tenants, with Morgan Stanley as the largest anchor (61% of GRI).