Digi , Gildamax, Danone, P.Dussmann, Erzsébet Táborok, KIFÜ
River Estates, this category 'A' office building, is situated along the popular Váci út corridor at the intersection of Váci út and Dózsa György út. It offers nearly 20,000 m2 of bright and efficient office and retail space on ten levels. The building enjoys excellent visibility and is only a few steps from the metro station M3. River Estates has numerous amenities such as restaurant, a fitness and wellness center, a 3-storey underground garage.
Bike parking place
Locker room including showers
Parking for guests
Retail gallery nearby
Storage space in garage
Wellness & spa
Public transport accessibility
Attractive design of common areas
Building Management System (BMS)
Closed Circuit Television (CCTV)
High quality finishes
Modern telecommunication system
Storage areas on the underground level
Central heating system supplied by a gas boiler house
S IMMO started 2019 with large-scale transactions in the Budapest property market. Through purchasing a nearly 9,000 sqm plot, the company is preparing the development of a new office complex, while its existing buildings are still close to full occupancy.
Géza Barabás took over the management of the S IMMO Budapest subsidiary from March 1, and thus became the Budapest Portfolio Manager. Besides the regional outlook we talked about the plans of this year, the importance of honouring the staff and about the most wanted products.
S IMMO Hungary, owner of River Estates office building located at the junction of Váci road and Dózsa György road, co-exclusively assigned JLL and Robertson Hungary real estate agencies to lease 9,200 square meters of quality office space.
Ms. Katalin Sermer, CEO of S IMMO Hungary Kft is quite optimistic for the future regarding Budapest office market. The company is ready for an upward period, expected developments of the last years resulted; the average occupancy rate is above 90% – she says.
The technical and visual renovation of River Estates office building located on Váci út was completed by the end of 2015. In terms of sustainability, the installation of the new HVAC system (heating, ventilation, air conditioning) is the most important part of the project, significantly improving the building’s energy features. By the end of 2015 the building had an occupancy rate of over 96% with new lease agreements for approximately 4,500 sqm of office space.