GTC has decided to extend its Hungarian portfolio with the Váci Greens D office building in Budapest. The transaction is partially financed from the green bonds issued in 2020 and is in line with the Group strategy to invest in a sustainable portfolio of commercial buildings located in the CEE capitals.
On 12 March, Belgian developer Atenor is launching an issue of 4-year and 6-year green bonds for a minimum amount of, respectively, €15 million and €50 million in the form of a public offer in Belgium open to retail investors and, to a certain extent, qualified investors.
Atenor has signed an agreement relating to the acquisition of new plots in District XI of Budapest for a total area of 82,861 sqm. This new project, named Lake City has the capacity to build a total of 92,183 sqm residential area and will propose 1,326 apartments developed in eight phases. The first phase has a valid building permit in place, while for the rest of the project the building permits are yet to be obtained.
Atenor has signed an agreement relating to the acquisition of another plot in District XI of Budapest, under 20 Hengermalom Road, with an area of 8,326 sqm. The plot is next to Atenor’s planned project, BakerStreet, and similarly, a Class A+ office building will be developed on it as Phase II of BakerStreet.
Belgian real estate developer Atenor entrusted the Budapest History Museum with the archaeological excavation of the plot of 68-84 Bécsi Road in Óbuda, on which it is implementing one of its latest projects, the 15,000 sqm RoseVille office building. The archaeological research carried out on the plot is significant as it was finally possible to examine the large, connected area of the Roman time cemetery of the military town of Aquincum.
The sixth and last building of the Váci Greens office complex in Budapest, the 23,445 sqm Building “E”, has received the final occupancy permit. With this, Atenor’s flagship project in Budapest is completed.
Atenor announced that RoseVille, its latest project in Budapest, located on Bécsi Road of District III has received the final building permit. The developer acquired the 6,604 sqm plot at 68-84 Bécsi Road last spring to build a 15,000 sqm Class A+ office building there.
Atenor announced the signing of a financing of €80 million with pbb Deutsche Pfandbriefbank and Erste Bank. This funding for a period of 5 years (2020 - 2025) covers the three buildings that make up the 75,000 sqm Hermes Business Campus office complex in Bucharest.
Belgian developer Atenor announced the launch of BakerStreet, its fourth project in Budapest. Atenor acquired a 5,711 sqm plot of land located at 18 Hengermalom Road in district XI of Budapest in July 2019 in order to develop a new Class A+ green office project of nearly 18,000 sqm.
The fifth, 25,053 sqm building (Building F) of the Váci Greens office complex, already having a 67% occupancy rate, has received the occupancy permit. The first tenants are going to move in in June. Located in the heart of the Váci Corridor, the hand-over of the sixth and last building of the office campus, Building E will take place in September 2020. Thus, the development of Váci Greens will be finished by Belgian developer Atenor this year.
CBRE Hungary's Advisory & Transaction Services, Offices team successfully represented Samsung in their office lease renewal on 2,036 sqm at Gateway Office Park.
IULIUS Company signed a partnership with international fashion & home retailer Sinsay, which will operate stores in each of the two Family Market projects under construction in Iași as of the second quarter of next year.
AmeriGas, an international propane distributor have just signed a contracts for 5,700 sqm in Forest office building in Warsaw, developed by HB Reavis. The development, designed by HRA Architekci, and the surrounding streetscape regeneration will be completed by 2022.
Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.
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