Chinese BYD buys huge office building for new European HQ in Budapest’s central district
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The founder and CEO of the Chinese BYD, Wang Chuanfu announced yesterday that they would establish the European headquarters of the carmaker giant in Budapest. Now, they have bought a huge office building to have enough room for the employees.
New HQ for Chinese BYD in Budapest
According to portfolio.hu, the seller of the IP West is the CA Immo, which has been trying to withdraw from the Hungarian market and sell its portfolio for a long time. The 32,100-sqm office building, including 800 parking lots, has a favourable location since it is not far from the capital’s downtown, it is near the Infopark, which hosts numerous companies and the BudaPart, where newly-built apartments await their new owners or tenants.
Demand will be high since 2,000 employees will work in the European centre of the Chinese carmaking giant, Colliers Hungary wrote. Colliers represented the buyer in the transaction and provided Project Management Services. “The company will employ over 2,000 people at its new headquarters that will serve as the central hub for BYD’s European operations, driving innovation, covering Research and Development and high value-added services”, – Kata Mazsaroff, the CEO of Colliers Hungary, added.
Homeowners happy
Based on portfolio.hu, the homeowners in the neighbourhood will benefit greatly from BYD moving in. Moreover, several condos are still under construction. Therefore, the transaction may give a strong boost to those projects as well.
Beware of the yellow man. They lie, they cheat, they steal, they take over and destroy your country. They are doing it here in the US.
Be better. It’s one thing to point out that they are literally Communists, it’s another to be racist.
Where will they locate their ‘police’ station? The one that will look for dissidents.