TriGranit launces new project in Budapest

18
Jun
2018
News - TriGranit launces new project in Budapest #Budapest #development #Hungary #office #TriGranit

by Property Forum | Office

TriGranit launched the construction of its new Class A office development, Millennium Gardens, which is the final element of the Millennium City Center in Budapest. After its expected completion in 2020, the two-winged office complex, will provide approx. 37,000 sqm GLA and more than 600 parking spaces for tenants, greatly emphasizing today’s employee and tenant needs. In 2018-2019, the company is working on the launch of four office developments in Central Europe. As for its size, Millennium Gardens is one of the biggest office development project in Budapest to be handed over till 2020. Within the coming 12 months, TriGranit plans the start of the construction of 77,000 sqm GLA office space in Central Europe.


TriGranit’s newest office development, the Millennium Gardens, will be constructed next to MÜPA Budapest, the National Theatre and the K&H Headquarters on the banks of the Danube. Adapting to the newest city utilisation trends, the 10-storey Class A office building will be equipped with storage for more than 200 bicycles as well as changing rooms and showers. Additionally, the office complex will have electric car chargers, facilitating environmental awareness. The spacious, green garden with water surface promotes recreation and healthy work-life balance as well as working at an alternative location, and can also function as a public space, a meeting point and a place for employees to have lunch. Green, open spaces on the ground floor will be accessible for passengers, while the large garden, to be constructed on the rooftop, will provide comfort just for employees. The office complex will also provide a place for a restaurant on the ground floor, with seating for 300 people, alongside further service units.
 
“Millennium Gardens office complex is the first TriGranit development in Hungary since 2011, so it is extremely special to us. Besides this project, we remain active abroad as well – our pipeline projects, together with Millennium Gardens, reach 107,000 sqm GLA in the CE region, including the construction of 77,000 sqm GLA office space that will start within the coming 12 months in Budapest, Krakow and in Katowice.” – said Árpád Török, Chief Executive Officer, TriGranit.
 
The building’s design was planned in consideration of sustainability, using modern architectural solutions secured by the developer, TriGranit, as well as in correspondence with the BREEAM ’Very good’ certification.



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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