News Article Atenor Budapest development Hungary office permit
by Property Forum | Office

The first phase of Atenor’s BakerStreet office project in District 11 of Budapest has received the final building permit. Located at the intersection of Szerémi and Hengermalom Roads, BakerStreet Phase 1 will be implemented as a Class A+ office development on 17,000 sqm and will be handed over in Q1 2023.

Belgian developer Atenor purchased the 5,711 sqm plot at 18 Hengermalom Road in July 2019. Having now received the final building permit, construction works will begin shortly. At the beginning of 2021, Atenor also signed an agreement for the purchase of the adjacent plot of 8,326 sqm under 20 Hengermalom Road, on which another Class A+ office building with 24,500 sqm leasable area will be built as Phase II of BakerStreet.

Both buildings of BakerStreet are developed to meet the requirements of the BREEAM “Excellent” green certification. In addition to environmental awareness, accessibility also plays an important role, which is guaranteed by the Access4You “Gold” rating for all people with special needs.

The first 8-floor building will provide a 4-level underground garage, terraces, ground floor services, an interior garden functioning as a community space and a pedestrian zone.

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

Atenor's Hungarian portfolio is currently 326,000 sqm, which includes 4 office projects (Váci Greens, Aréna Business Campus, RoseVille and BakerStreet) and a new residential project (also located in District 11).