ATENOR announces the launch of BakerStreet, its fourth project in the heart of Budapest.
ATENOR acquired in July 2019 a land of 5.711 m² located at number 18 Hengermalom Road in district XI of Budapest in order to develop a new “A +” category green office project of nearly 18,000 m2.
Nearly one year has been spent on preparatory works, planning and evacuation of the property. The demolition of the building complex, which used to be a bakery, is already in full swing. The authorization of the building permit is at an advanced stage, based on which the planned hand-over is the second quarter of 2022.
The A + category office building with approximately 18,000 square meters of leasable office space, three underground garage levels, nearly 300 parking spaces, a huge interior garden and terraces will be built to the highest technical quality.
In addition to the green certificates, the project will fully comply with all the requirements of Access4You, which is unique in the Hungarian market. The primary goal of the development with BREEAM Excellent certification is to create a liveable and modern work environment that easily adapts to the ever-changing needs of tenants at the most professional level possible.
The project is ideally located in the South Buda area, at the intersection of Szerémi and Hengermalom Roads, one of the most popular parts of the city due to its proximity to universities, easy accessibility and huge green areas.
This neighbourhood is constantly evolving and growing, it is now served by the new metro line 4, the expanded tram and bus network, and offers a wide range of services: shopping malls, restaurants, cafes, sports and leisure facilities.
The office building is only 400 meters from the Újbuda Shopping Center and 700 meters from the Danube bank (Kopaszi Dam). Thanks to the proximity of the Rákóczi Bridge, the city center and the southern districts of Pest can be reached quickly and easily. It is also close to the M1 and M7 motorways.
This excellent location endows the project with easy accessibility both by car and public transport.
The project is designed by Artonic Design and the co-exclusive leasing agents are CBRE and Colliers.
Thanks to this new development, ATENOR Hungarian portfolio exceeds 230,000 m2, which includes 4 office development projects.
ATENOR is an urban real estate development company with European expertise listed on the Euronext Brussels market. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR is investing in large-scale property projects which meet strict criteria in terms of location, economic efficiency and respect for the environment.
Reuters ATE0.BR - Bloomberg : ATEB BB
Development & Leasing Manager
Atenor Hungary Kft.
Phone: +36 30 814 3242