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A new chapter of commercial real estate development and workplace design in Hungary

Apr 7th, 2016

HB Reavis has launched in a 136,000 sqm project in office park with serviced offices. The new mixed-use complex is to be carried out on a 3-ha site at the junction of Váci Road and Róbert Károly Boulevard. They expect to complete the first building of this significant complex in 2018.

 

                                               

“This iconic project is designed to herald a new era in the Hungarian office market”

-- said Zoltán Radnóty, CEO of HB Reavis Hungary and he also highlighted that they plan to create offices as exceptional working places in the the capital: “The project will involve renowned international and Hungarian architects. These include the award-winning, London-based Make, as well as Finta Studio, the designer of numerous iconic local buildings. (…) It will be a place where people can work and spend their free time in a pleasant, harmonious environment.”

 

The highest environmental standards, technology and design

 

The new complex will be built to the highest environmental standards, using innovative technologies and high-quality, eco-friendly solutions, and the project will involve renowned international and Hungarian architects. These include the award-winning, London-based Make, as well as Finta Studio, the designer of numerous iconic local buildings. The project plans to be awarded the  BREEAM certification as well. With a total space exceeding 100,000 sqm, the complex provides work places for about 12.000-14.000 people.

 

Tenant Rental Cost

 

Construction projects will be carried out on a speculative basis and we know that there will be two types of tenant rental costs:

 

-          One of them, in the Váci Road Office Corridor will count usual tenant cost

-          The unique higher buildings will have higher fees

 

Further New Projects

 

Following the positive leasing results of its highly successful 2015, HB Reavis plan to launch can new office building developments.  The first Hungarian project of the Slovakian company has also been selected the winner of iroda.hu portal’s Office of the Year ”Office Building of the Year by Tenant's Opinion” award expressing the satisfaction of the tenants.

 

 

 

Source: http://realista.hu/ingatlanpiac/ujabb-ikonikus-irodahazak-epulhetnek-a-vaci-uton/130563, http://hbreavis.com/press/

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