June 03, 2019

Park Atrium office building managed by Horizon Development

Park Atrium office building managed by Horizon Development

Horizon Development is taking over the property management, redevelopment, leasing and marketing tasks of Park Atrium office building in Budapest. The company aspires to make a smooth transition ensuring continuous daily operations, and support tenants in all emerging issues with absolute professionalism and a complex service range.

Designed by contemporary Dutch architect Erick van Egeraat and completed in 2004 Park Atrium is as much a landmark office building as an iconic piece of art in Budapest, just across the street from Heroes’ Square, Kunsthalle, the Museum of Fine Arts and the Liget Budapest Project on Dózsa György út. Its four blocks offer 26,000 sqm of gross leasable area for both office and retail use, with great views of City Park. The multitenant office property houses the local headquarters of ING, NN, Deloitte and Roche that jointly occupy 100 percent of the total available space.

On behalf of the new operator Attila Kovács MRICS managing partner, said: “To be entrusted with the complex property management, redevelopment, leasing and marketing mandate of Park Atrium is a great privilege for our development company that has been on the real estate market for one and a half decades now. With our expertise gained in self-developed properties (Eiffel Palace, Váci 1 and Promenade Gardens) we can guarantee that current and future tenants of Park Atrium will enjoy world-class services.”

Dominik Ewerz, asset manager at REInvest Asset Management S.A. – representing the owner, a Luxembourg-based Real Estate Fund – also commented on their choice of Horizon Development: “We have a well-established cooperation with Horizon Development ever since we purchased Eiffel Palace, developed and managed by the premium Hungarian developer. It was the most logical next step for us to continue with an even wider collaboration, and we were very pleased with Horizon Development’s positive response when we reached out to their property management, development, leasing and marketing divisions with our cooperation offer.”

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