The first phase of the Millennium Gardens in Budapest has received its occupancy permit

by   CIJ News iDesk III
2022-08-16   16:56
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The first phase of Millennium Gardens 'A+ category’ office building has received its occupancy permit. The north tower office building – offering a unique panorama of the Danube, designed by FINTA Studio using state-of-the-art architecture and sustainable solutions – is the final element of the two-time FIABCI award-winner Millennium City Center project in Budapest, developed by TriGranit. The total leasable area of the north tower is 21,600 square metres, including 18,210 sqm of net office space, 450 sqm of retail space and green, open common areas on the ground floor. The building was planned in consideration of sustainability, using modern architectural solutions, in accordance with BREEAM ‘Excellent’, Access4You ‘Gold’ certifications and outstanding ESG compliance.

Millennium Gardens is opening with above 90% occupancy of the first phase, a unique accomplishment even under normal market circumstances. The official opening of the office building will take place on 12 August and will welcome Henkel, Fressnapf, Provident, MSD Pharma, bimGroup, HVAC and InsularTech as anchor tenants.
‘It's always a pleasure to open a new office building, but Millennium Gardens is unparalleled for us, as this building is the final element of Millennium City Center. The handover of Millennium Gardens is an outstanding accomplishment from the TriGranit team! I would like to thank Revetas Capital, pan-European real estate investment advisor, for their trust and support in developing this wonderful building in these turbulent times.’ – said Tom Lisiecki, CEO of TriGranit.

Eric Assimakopoulos, Founding Partner at Revetas Capital, declares: “ESG matters become an integral part of the firm's DNA in line with our commitment to carbon neutrality by 2040. Millennium Gardens is an exemplary showcase of responsible building standards and reducing the environmental negative impact across our portfolio of assets. We are pleased to see this project come to life and delivering on our promise to our tenants, investors and to the community, especially during this challenging economic context.”

The 9-floor office building has a green garden on the ground floor, a unique roof terrace with a fantastic panoramic view over the Danube river, which both can serve as an alternative workspace and meeting point, as well as a recreational area for employees and residents. On the ground floor, a 300-seat premium restaurant will serve the needs of employees from the upper floors and nearby offices. The restaurant, which has a summer terrace, is a great choice for after-work dinners or even pre-theatre drinks.

The Millennium Gardens office building – as the final element of Millennium City Center – completes TriGranit's vision of a ‘city within a city’ project. This ‘city within a city’ project contains numerous cultural institutions, offices, residential buildings, a green park and a 1.5 km long promenade surrounding the buildings. The location is excellent for both individual and public transport with four tram lines, several bus lines, two suburban railway lines passing by the buildings complimented by a small port nearby. In addition, the airport is only a half-hour drive from the Millennium City Center.

Millennium Gardens aims to become a reference project from the environmental and sustainability point of view for the Hungarian real estate market. Innovative solutions were adopted during the construction itself such as the technical solutions that were implemented for reducing emissions and power consumption during operation and environmentally friendly materials that were used for the building. The contractors working at Millennium Gardens were also selected based on their compliance with the HSE requirements and all activities on site have been closely monitored and reported on the corresponding CO2 emissions.