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Atenor and Codic doing well in major real estate development in Hungary

Váci Greens is a vast project in Budapest
Váci Greens is a vast project in Budapest

As part of our occasional series on the activities of Belgian developers in other countries, we highlight major projects in Hungary, one by Atenor and one by Codic.
Váci Greens, firstly is a Hungarian development by ATENOR in Budapest, and one of the largest office developments in the country. Atenor has been developing and selling this complex for some years. It is an office campus in the heart of the Budapest business district, and extends to no less than 120,000 m² across six buildings and with ‘BREEAM Excellent’ certification.

For its part, CODIC has announced that it closed a very successful year in 2019 by securing an anchor tenant who will lease 11,300 m² in Green Court Office, which is due for completion in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office space just 7 months into construction. The tenant, a multinational company, market leader in alcoholic beverages, has signed a long-term commitment for 11 years to Green Court Office. Green Court Office has another 6,200 m² of office space for rent, as well as 1,000 m² of space dedicated to services, restaurant and shops. In the important 13th district of Budapest,
Green Court is a mix use project, located in an area well equipped with public transport connections: just a few minutes’ walk from the M3 metro, bus and tram stops, and benefiting from easy access by car from all main roads of the city. The trolleybus has a stop right in front of the building. A dedicated bike-route leads directly to the access ramp of the complex. Codic Hungary says it plans more quality developments in Budapest, in the same 13th district as well as on the Buda side, in the 2nd district.
Tim Harrup
28-02-2020
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