Cushman & Wakefield was named new operational and property manager for Krisztina Palace in Budapest. C&W takes over management from AIG/Lincoln, which managed the building since 2010. Krisztina Palace, owned by Union Investment, is located in the cityās 12th district. The property offers 15,745 sqm of office space and 399 underground parking spaces.
āIn such an economically challenging environment with very limited office developments in the past few years, this mandate is an outstanding opportunity, and we are delighted that Union Investment recognized the added-value C&W could bring to the property,ā said Gergely Pados, managing partner at C&W Budapest.
