Biggeorge plans large mixed-use project in Budapest

04
Apr
2019
News - Biggeorge plans large mixed-use project in Budapest #Biggeorge #Budapest #development #Hungary #mixed-use #residential

by Property Forum | Residential

Local developer Biggeorge Property has unveiled plans for a new city centre development in Budapest’s Óbuda district. The 5 ha project would include 1400 apartments and 10,000 sqm of commercial space upon completion. Handover of the first phase with 257 apartments in three buildings is scheduled for 2010.


As a nod to the previous purpose of the location, embracing the memory of the old Óbudai Szeszgyár factory of alcoholic beverages, Biggeorge plans to preserve and integrate the protected, iconic mill and chimney as featured on the plans. Following the renovation and conversion, the old industrial plant will serve commercial, hospitality and office functions. As part of the walkway starting from Kolosy tér, a promenade across the 50,000 sqm plot will connect the project to Fő tér, the main square of Óbuda within 600 m. Furthermore, even a section of an international cycle path towards Szentendre passes by the area.
 
The buildings were designed by the creators of many high-quality residential and public buildings, in Hajnal Architecture Office, associated with Zsolt Hajnal, Ybl award-winning architect.
 
The buildings will reach higher than most typical residential new builds, featuring 7 and 13 story blocks. The ceiling of each 28-145 sqm apartment gets fitted with a temperature control system, 95% of the properties come with balconies and some even offer the option of direct connection to the garden. All homes are characterised by large glass surfaces and airy, light-filled spaces. In the first phase, a total of 267 properties get constructed in 3 buildings, from 28 sqm studios to 145 sqm penthouses with generously sized balconies. Landlords also get the chance to purchase additional storage space on the parking and living floors.



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  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


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