Atenor Flagship Project Handed-Over In Budapest

  • 15 Oct 2020 4:05 PM
Atenor Flagship Project Handed-Over In Budapest
The sixth and last building of the Váci Greens A+ category office complex, the 23,445 m2 Building “E”, has received the final occupancy permit. With this, the Atenor flagship project, Váci Greens, is successfully completed.

Váci Greens is one of the most significant and successful mega-projects in Budapest in the last 7 years.

The development was financed from its own equity by the Belgian Atenor. The office park was the first to receive the BREEAM “Excellent” certificate in 2011. Furthermore, Atenor is the first developer to announce in the summer of 2019 that it will design its buildings according to criteria tailored to people with special needs created by Access4you.

All buildings of Váci Greens offer large, contiguous and efficient office space with a high-quality, green, ergonomic work environment. This concept is justified by maximum success, as 102,000 m2 of the total 123,000 m2 of office space has already been leased to leading multinational tenants, and 5 out of 6 buildings have been sold to domestic and international investors.

The 15,789 m2 “A”, 24,769 m2 “B”, 18,405 m2 “C” and 15,647 m2 “D” office buildings have been 100% occupied for years, the 23,445 m2 Buiilding “E” is 40% leased and the 25,052 m2 Building “F” is 73% leased.

The tenants of the office park currently employ nearly 8,500 people. With the full leasing of the last phase, this number of employees will increase to 12,000-13,000.

Within the campus, there are 23 different ground floor services: in addition to many restaurants and cafes, a medical center, a bank, fitness and wellness providers offering sports facilities, a clothing store, a furniture store, an optics, a bakery, a grocery store, a drugstore and various customer services.

The Váci Greens “A”, “B”, “C”, “E” and “F” office buildings were designed by TIBA Architect Studio, and Building “D” was designed by Vikár and Lukács Architect Studio.

Zoltán Borbély, Country Director of Atenor, said:

“Thanks to our excellent cooperation with District XIII, we were able to continuously tailor the ergonomics of Váci Greens to the current needs of the office market, as a result of which our development has become a highly innovative, highly successful and recognized office complex.

We are extremely pleased to close our 13 years of work in such a solemn setting. Váci Greens is a flagship project not only in Hungary, but also in terms of Atenor's entire European portfolio of 1,270,000 m2, of which we are extremely proud. I would like to thank all our partners, District XIII, our architects, our building contractor, all of our subcontractors, our legal representatives and all the leasing agencies for their many years of fruitful, very valuable work and support. ”

Atenor is an urban real estate development company with European expertise listed on the Euronext Brussels market. Its mission is to provide, through its town planning and architectural approaches, appropriate responses to the new demands raised by the evolution of city living and professional life.

In this context, Atenor invests in major real estate projects that meet strict criteria as regards location, economic efficiency and respect for the environment.

Click here to visit Atenor Hungary online
1138 Budapest, Váci út 133.​​​​​​​

  • How does this content make you feel?

Explore More Reports