Offices

As the office market faces the potential of changes demanded by the post-COVID environment, Budapest must also deal with challenges over demand and supply, developing expectations from tenants, and the sourcing of plots in emerging districts of the city.

The largest real estate development in the modern-day history of the capital has reached a significant milestone: the construction of yet another building on BudaPart kicked off in January. BudaPart DOWNTOWN is part of the fourth phase of the project, and functions as a hotel and office building. The Radisson Hotel Budapest BudaPart will be operated by the international hotel chain Radisson Hotel Group. Highlighted as the first Radisson branded property in Hungary, the full-service hotel will deliver Scandinavian-inspired hospitality, which enables guests to focus on a work-life balance and find harmony in their travel experience.

The first office building of the new neighbourhood BudaPart, handed over in February, has been declared as an environmentally friendly and energy-efficient building, by international standards. Developed by Property Market, BudaPart GATE has been awarded the LEED GOLD certification, recognizing the building's sustainability efforts on a global scale.

The shape of Budapest’s newest quarter is getting more and more clear: the delivery process of the next two residential buildings is in progress and the execution of BudaPart CITY has stepped into an impressive phase.

BudaPart is a unique investment in Budapest, which is made even more exquisite by its exceptional waterfront location and urban, vibrant metropolitan environment. Innovative technologies, smart home solutions and a wide range of services guarantee an easy and smooth everyday lifestyle for the whole community of BudaPart, including both residents and employees.

K&H Bank concluded a financing agreement with the developer concerning BudaPart GATE, the first office building of the largest multi-functional real estate development of Budapest. The first office building of BudaPart is a 20,092 sqm and 11-storey building with an occupancy soon reaching 40%.

Cushman & Wakefield international real estate advisor and Eston International are appointed with the leasing of Budapest’s newest and largest mixed-use development, located in the 11th South-Buda district, announced at a kick-off event for the major local leasing agencies. The two agencies will co-exclusively work together on the leasing of BudaPart office buildings.