Atenor rolls out repositioning of Olympia offices in Budapest

14
Oct
2024
News - Atenor rolls out repositioning of Olympia offices in Budapest #Atenor #Budapest #Hungary #office #Olympia

by Property Forum | Office

Atenor has started to implement a rebranding of its Budapest-based office complex Olympia, formerly known as Aréna Business Campus, in a bid to accommodate new workplace trends, such as remote work and hybrid schedules.


While the long-term development plan for the project includes two additional phases, immediate upgrades include a public parking lot and a communal park, extending from the corner of Stróbl Alajos utca into Olympia’s internal garden.

Olympia spans across four plots, comprising a total area of 72,000 sqm. Building A covering 21,000 sqm is fully occupied by local and international tenants. Besides the existing shops, pharmacy and GP’s office, throughout 2025, Olympia Building A will be boasting a new restaurant and a café with co-working spaces. At the same time, Building B spanning 15,000 sqm will undergo a functional repurposing.

“The revitalization of Olympia reflects a broader revitalization effort within its vicinity, driven by collaborative initiatives between the developer and local authorities,” said Atenor in a statement.

The developer added that Olympia offers an alternative to traditional office hubs like the Váci Corridor with outstanding public transportation including the metro, the central bus station and the Keleti railway station.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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