MOL Group lays foundation stone for new HQ

04
Oct
2018
News - MOL Group lays foundation stone for new HQ #Budapest #development #Hungary #Mol #office

by Property Forum | Office

MOL Group has laid the foundation for the new MOL Campus headquarters. The future workspace for up to 2,500 employees will be located on the banks of the Danube in the southern part of Budapest, close to the current HQ building. Construction is scheduled to be completed by 2021.


Zsolt Hernádi, Chairman-CEO of MOL Group said: "We are building the most modern office building in the region, MOL Campus. This unprecedented building represents the culmination of the development of MOL's market position and culture over the past twenty years but is also the basis for our future. It underlines that MOL lives in symbiosis with its environment, invests in the future and provides an inspiring work environment for the employees who will provide the lion’s share of the implementation of the MOL 2030 strategy."
 
Meeting the ambitious targets of the new long-term strategy, MOL 2030, requires smart investments in both physical infrastructure and human capital. Currently, MOL headquarters are scattered throughout five districts in Budapest, in buildings mostly constructed during the 1970s. The new campus will not only generate substantial operational synergies through the relocation of all Budapest staff but will also play an essential role in redesigning the employee experience, enhancing collaboration and helping to create a superior physical, technological and cultural environment. This will be crucial for attracting and retaining a high quality, mobile and tech-savvy workforce in the future. In line with MOL’s vision for 2030, the new campus will feature the highest standards of energy efficiency and sustainability and aims to obtain both LEED and BREEAM qualifications.
 
MOL hired Berlin-based KINZO to design the interior of MOL Campus. KINZO has previously designed interior design projects for large office buildings such as the ERSTE Campus in Vienna, the Adidas headquarters in Herzogenaurach and the SoundCloud office in Berlin. KINZO's local partner is Minusplus.
 
MOL Campus is designed by one of the most renowned architectural studios in the world, the UK-based Foster + Partners, who will be also responsible for certain interior community areas in coordination with KINZO. Foster + Partners’ Hungarian partner is FintaStudio.



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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • 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.


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