Horizon Development builds on Budapest’s Váci Road

21
Oct
2016
News - Horizon Development builds on Budapest’s Váci Road #Budapest #development #Horizon #Hungary #office

by Ákos Budai | Office

Horizon Development has laid the cornerstone for its new office project. Promenade Gardens, located on Budapest’s Váci Road, is expected to be completed in Q4 2017.


The 25,000 sqm office building – with a move-in date of Q1 2018 –is expected to receive a dual environmental certification (LEED Gold, BREEAM Very Good). The flexible office layouts – with above average internal height – are stretched out across large floorplates on 5 floors in 4 towers. The office building’s landscaped internal garden with extensive water surfaces will be created in line with wellbeing criteria.

The project owner of Promenade Gardens is the ERSTE Open-ended Real Estate Investment Fund; the developer is Horizon Development. DVM Design Ltd. is responsible for the areas of design, project management and sustainability consultancy; the general contractor is DVM Construction Ltd.



Latest news


New leases

  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
  • Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • 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.


Latest news

News - Warsaw-based Mennica Towers secures €160 million refinancing deal
29
Apr
2026

Warsaw-based Mennica Towers secures €160 million refinancing deal

by Property Forum
A consortium of BNP Paribas Bank Polska and Bank Pekao has issued a €160 million investment credit to refinance Mennica Towers, a premier office complex in Warsaw. The transaction marks a strategic shift for the asset, as Mennica Polska has now assumed 100% ownership of the development following the deal.
Read more >
News - Riverside International School acquires Olympus HQ in Prague
29
Apr
2026

Riverside International School acquires Olympus HQ in Prague

by Property Forum
Riverside International School has successfully acquired the Olympus Corporation HQ in Prague 6, marking a significant repurposing of prime administrative space into educational infrastructure.
Read more >
News - Ares Management to sell logistics parks in Czechia and Hungary
29
Apr
2026

Ares Management to sell logistics parks in Czechia and Hungary

by Property Forum
Investment giant Ares Management is selling two logistics parks in Czechia and one in Budapest, Czech daily Seznam Zprávy reports.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy