Atenor launches new office development in South Buda

17
Jun
2020
News - Atenor launches new office development in South Buda #Atenor #Budapest #development #Hungary #office

by Property Forum | Office

Belgian developer Atenor announced the launch of BakerStreet, its fourth project in Budapest. Atenor acquired a 5,711 sqm plot of land located at 18 Hengermalom Road in district XI of Budapest in July 2019 in order to develop a new Class A+ green office project of nearly 18,000 sqm.


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 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 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 sqm which includes 4 office development projects.




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  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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