News Article Budapest development Hungary office TriGranit
by Property Forum | Office

The construction of Millennium Gardens, TriGranit’s newest office development in Budapest, has reached the ground floor level. Situated in a well-known cultural neighbourhood next to a green promenade by the Danube in Budapest, the 37,000 sqm GLA development will be handed over in Q2 2021.

After reaching the ground floor level on 26th November, the construction of the Class A office building continues, with the above-ground construction phase being carried out by Bayer Construct Zrt.

“Millennium Gardens will not only be a new office jewel on the Danube, meeting all future needs but also a worthy completion of our Millennium City Center, a vision initiated by TriGranit more than two decades ago. After our first projects here back in 1997, today we see an exciting neighbourhood with district-revitalising, residential, cultural and other business developments. The South Pest Office Corridor already makes up around 15-20% of the overall Budapest office stock and we are proud of the fact that we have built more than 360,000 sqm GBA here,” Tom Lisiecki, Chief Executive Officer of TriGranit, said.

Providing space for thousands of future workplaces, Millennium Gardens will fulfil TriGranit’s ‘city within a city’ vision, with many cultural and recreation facilities nearby as well as a large green area around the building, including a 1.5 km promenade. The most popular cultural hotspots are the adjacent MÜPA and the National Theatre, both developed by TriGranit and providing cultural re-charge after working hours. The proximity of the Danube and the spectacular views make the building a special project on the Budapest real estate market. In addition, there are highly accessible services and facilities nearby, including cafés, restaurants, fast food outlets, fitness centres and even a health centre. The location of the office building is excellent in terms of both private and public transport, with four tram lines, several bus routes, two suburban railway lines and even riverboat piers. Moreover, the airport is only half an hour drive away.

Inside the two-wing building, future tenants will have more than 500 parking spaces, several e-car chargers and more than 200 bicycle racks, together with changing rooms equipped with eco-showers. The building’s design was planned in line with the BREEAM ’Very good’ certification, by the Fiabci Award-winning FINTA Studio, using modern architectural and green solutions.

The spacious garden on the ground floor will serve as an alternative location for work, a meeting point and a place that promotes recreation both for employees and the public. Alongside various retail and service units, the premium restaurant will cater for as many as 300 people coming from the upper floors and nearby offices. With its summer terrace and a beautiful view of Buda throughout the year, the restaurant will also offer fine opportunities for afterwork dinners or a drink before the theatre.

The completion of the shell and core of the new building is foreseen for Q3, 2020, and the first tenants can move in after the completion in Q2, 2021.