Wizz Air moves its headquarters to a landmark office in Budapest

The ultra-low-cost airline Wizz Air has relocated its headquarters to the Millennium City Center office park in Budapest. The company secured an 8,000 sqm of office space in a landmark office deal. The lease agreement was concluded for the long term with very flexible conditions. Newmark VLK Hungary provided tenant representation to execute this transaction.

In a landmark lease transaction, Wizz Air moved its staff to the Millennium Tower, which is part of Millennium City Center, a premium office park by the Danube in Budapest. The airline has set up its new headquarters by renting out the entire South Tower, which has state-of-the-art interiors and services to improve employee comfort. The company has a separate entrance and reception, a dedicated modern dining and catering area, and a unit of a leading café chain, while a modern fitness center is also available in the area.

“We tried to find a vibrant and rapidly developing location for the client. Millennium Tower is an excellent property as a lot of services surrounds it, and the building itself offers many amenities. It already functioned as a company headquarters, so a significant part of the fit-out could be retained, and a more cost-effective approach could be used to arrange the final interior space, which is an important aspect for a tenant which is a low-cost airline,” said Valter Kalaus, managing director of the real estate consulting firm, Newmark VLK Hungary which spearheaded the transaction, representing the tenant.