Váci 1, Eiffel Palace garner three European Property Awards


Horizon Development’s two redeveloped heritage buildings Váci 1 and Eiffel Palace, both designed and built by the DVM group, won three awards at the European Property Awards Gala Dinner held on Thursday at the London Marriott Hotel Grosvenor Square, according to a press release sent to the Budapest Business Journal today.

Váci 1 was awarded with the Best Mixed-use Architecture and Best Commercial Redevelopment awards. As the regional winner of the Best Commercial Redevelopment Award from Europe, the recently completed building was also nominated for the Best Global Commercial Redevelopment Award, the result of which is to be announced at the exhibition and networking summit IPAX Global in London on December 12, the press statement said. 

Eiffel Palace was awarded the title of Highly Commended in the Office Interior category at the European Property Awards, which are widely considered as the most prestigious and most widely recognized property awards throughout the region, the press statement added.

The trophies were received by the top management of Horizon Development and the DVM group (Attila Kovács, Balázs Czár, Péter Haberl and Tibor Massányi). The companies consider the awards the greatest acknowledgement of their commitment to excellence as designers, property developers and general contractors of sustainable, prime properties in Budapest, the press statement added.

Nominations were judged by an independent panel of 70 industry experts who focused on design, quality, service, innovation, originality, and the project’s commitment to sustainability. The judging panel was chaired by Lord Caithness, Lord Best, Lord Liverpool and Lord Thurso, members of the House of Lords in the U.K. Parliament. This year’s headline sponsor and media partner was The Telegraph.

Farmgate Prices Fall 25.4% in February Crops

Farmgate Prices Fall 25.4% in February

Cabinet Approves Farmer Support Measures Government

Cabinet Approves Farmer Support Measures

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.