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.



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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