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.




Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


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