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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  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


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