Atenor has acquired 19,000 sqm of land on Hungária körút, one of the main road corridors in Budapest. The site provides an opportunity to build a campus of 4 office buildings with commercial spaces covering approximately 85,500 sqm, which will be developed in different phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018.
Atenor is already active in Budapest with the development of the Váci Greens campus, where three buildings (totalling 65,000 sqm) have already been built and sold, a fourth is under construction (and already 24% pre-let) and two more are being considered for future development (45,000 sqm).
The acquisition is consistent with Atenor’s development strategy, which aims to promote major projects of the highest architectural and environmental quality in European cities with positive financial indicators. This acquisition takes the number of projects developed by Atenor to 18 with an approximate surface area of 720,000 sqm. They are located in Brussels and Wallonia (Belgium), Luxembourg, Paris (France), Budapest (Hungary) and Bucharest (Romania).
