News Article Atenor Budapest Hungary investment land office
by Property Forum | Investment

Atenor has signed an agreement relating to the acquisition of another plot in District XI of Budapest, under 20 Hengermalom Road, with an area of 8,326 sqm. The plot is next to Atenor’s planned project, BakerStreet, and similarly, a Class A+ office building will be developed on it as Phase II of BakerStreet.

Under 18 Hengermalom Road, Atenor will soon start the development of BakerStreet with 16,500 sqm leasable space and on this new plot, it will build another Class A+ office building with about 24,500 sqm office area as the second phase of the project – thus expanding the BakerStreet project to campus. Both buildings will deliver outstanding quality and environmentally conscious solutions according to the BREEAM “Excellent”  and Access4You “Gold” requirements and will offer underground garages, terraces and an internal garden between the buildings.

This new site is only 300 meters from Újbuda Shopping Center, and 600 meters from the Danube moreover it enjoys easy access by public transport and by car.

With this transaction, Atenor’s currently developed Hungarian portfolio is 128,500 sqm consisting of 3 office development projects. Together with the already constructed and sold Váci Greens buildings, it is more than 250,000 sqm.

This acquisition fits into Atenor's international development strategy, which aims to promote major projects of high architectural and environmental quality in several dynamic European metropolises.

Following this new acquisition, the number of Atenor projects under development has gone up to 31 and represents a development potential of approximately 1,270,000 sqm.  The projects are located in Brussels, Wallonia and Flanders (Belgium), The Hague (Netherlands), Luxembourg, the Paris Region (France), Düsseldorf (Germany), Warsaw (Poland), Lisbon (Portugal), Budapest (Hungary) and Bucharest (Romania).