PHASE 1. Finding the right office space

In PHASE 1, we take the following steps:
After determining your needs, we will identify, evaluate, and suggest appropriate temporary and permanent office space options, schedule appointments for site visits, provide cost-calculations and test-fits, assist in lease negotiations to increase fit-out contribution from developers, and reduce your capital investment, average annual recurring, and your monthly total effective rent (break options, rent-free periods, indexing, free parking spaces, relocation cost contribution, etc). Before signing, we will also review the lease contract with the assistance of lawyers appointed by you, or by a specialized law firm we recommend.

When weighing the options between office buildings, we consider the following:

• Location of effective and environmental friendly state of the art buildings
• Transportation access
• Visibility
• In-house services/amenities
• The amount of natural sunlight
• Terrace/green area access
• Security
• Expansion possibilities
• Other tenants
• Occupancy ratio
• The dedication and attitude of the Landlords and their project management teams
• Lease terms and projected costs.

Our cost-calculation to set up and run your new office includes your capital investment, average annual recurring, and your monthly total effective rent with parking, service costs, and rent escalation tied to the Harmonised Index of Consumer Prices (HICP) of the European Central Bank.

Working locally and directly with real estate developers, and having been educated and exposed to Hungarian (Law), British (BA) and American (MBA) educational and work environments, the Managing Director has a deep understanding of high client expectations and local business characteristics. The Managing Director's knowledge of available permanent and temporary serviced office space options and prices will greatly serve you in this process.

Management/Client Representation

We offer you our local expertise and Project Management/Client Representation services, which oversee three implementation phases (Phase 1. office space finding, Phase 2. office design/fit-out, Phase 3. market launch) separately and/or in a package. By bringing the various phases under one roof you save money, time, and energy, while maximizing your Return on Investment. On top of all, you will have a cost-effective design office tailored for your business.

Reference projects

• Reference Project 1: Albemarle Corporation, new SSC Center in Budapest (US based, listed chemical company)

• Reference Project 2: Dealogic, new Software Development Center, Budapest (US-UK based software developer serving investment banks from NYC to Tokyo)

• Reference Project 3: Merck, new Head Offices, Budapest (German based, listed, pharmaceutical and chemical company)

• Reference Project 4: The Embassy of the State of Kuwait, Budapest (Diplomatic mission)

• Reference Project 5: TATA Consultancy Services (TCS), Budapest. (Indian, listed information technology company)

• Reference Project 6: DBH Group, new Serviced Office, Budapest (Dutch-Hungarian venture capital firm)

• Reference Project 7: Bank of Georgia, Representative Office in Budapest (Georgia's leading universal bank, London Stock Exchange listed)

• Reference Project 8: The Hackett Group, Office Space/HR recruitment (American, listed, global strategic business advisory firm)

Article about Ferenc B.Nagy,
Stay In Hungary Kft

Octogon Interview
with Managing Director

Octogon Interview,
Hungarian version