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Articles - dél budai irodapiac

First building of BakerStreet, ATENOR’s development in South Buda, received final building permit

BakerStreet Phase I in District XI, is the second Buda development of ATENOR, the Belgian real estate developer listed on the Euronext Brussels Market. ATENOR is pleased to announce that the project has received the final building permit. Located at the intersection of Szerémi and Hengermalom Roads, BakerStreet Phase 1 will be implemented as an “A +” category office development on 17,000 m2, with outstanding quality and environmentally conscious solutions, and will be handed over in the first quarter of 2023.

ATENOR has launched its latest development, the BakerStreet project in South Buda

ATENOR acquired in July 2019 a land of 5.711 m² located at number 18 Hengermalom Road in district XI of Budapest in order to develop a new “A +” category green office project of nearly 18,000 m2.

ATENOR starts its second office development project located in Buda

ATENOR has signed an agreement, relating to the acquisition of a plot in the 11th district of Budapest, Hengermalom út 18., with an area of 5,711 m².

Office Garden Office Park is expanding, the construction of Office Garden IV has started

The popular office park of South Buda office market is expanding, the construction works of Office Garden IV has started. After the success of the first three phases GRT Group, the developer has decided on starting the construction works of phase 4. The office building is exclusively represented by Robertson Hungary as in the previous phases. Office Garden IV is scheduled to be completed in Q2 2021.

Present and future of the South Buda office market

The position of the South Buda office market has drastically changed over 2018. Thousands of office areas were vacated during the year, while the submarket had the lowest vacancy rate at the beginning of the year. South Buda is facing new challenges. The new developments arriving in 2019 are going to create a more diverse situation.

Offices in South Buda Welcome New Technology Companies

Technology companies traditionally prefer office buildings that are close to universities and other ICT companies they cooperate with. One of Budapest’s most sought-after office submarkets is South Buda where the Science Park office building welcomes its newest tenants - AVL Autokút, Flex, Hydro Extrusion Hungary and Solvo Biotechnology, renting together more than 4,300 sq meters of prime office space.

South Buda Is the Next Favourite Location for Companies and Office Developers

The public transport developments of the recent years, the proximity of major universities and the vibrant residential developments make South Buda attractive for companies. Recognizing the situation, more and more developers are building new office buildings in the area. Bischoff & Compagnons has also scheduled the delivery of the Alphagon Office Building by mid-2019.

New Development on the Ever so Popular South-Buda Office Market

Bischoff & Compagnons has commissioned CBRE exclusively with the leasing of the Alphagon office building.