Népliget: Budapest’s New Business District

  • 21 May 2019 10:40 AM
  • Budapest Business Journal
Népliget: Budapest’s New Business District
Located at the meeting point of Districts VIII., IX. and X., Népliget is becoming the new business district of Budapest and still has a good deal of development potential, according to portfolio.hu.

The area is very popular in terms of new real estate investments. Sport complexes, office buildings and museums are all under construction, with plenty of vacant sites and old buildings offering excellent targets for potential future projects.

Current renovations include the new Transport Museum with a giant glass façade, partly conserving the old building, and where the exhibition area will also feature a green park.

The Budapest Arena, with a capacity of 20,000 people, is expected be completed by 2022, in time for the Mens’s Handball Championship. The government has allocated HUF 3.045 billion for the project.

Népliget is also home to several new office buildings, such as the 17,000 sqm K3, the new Magyar Telekom headquarters, and the Liberty office. New developments will help extend the services available for residents and those who work there, portfolio.hu added. 

MTI Photo: Róka László

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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