Cabinet picks site of new government quarter

Office Market

The Hungarian government selected an area near central Nyugati railway station in District 6 for the site of its planned new administrative quarter, György Szilvásy, head of the Prime Minister's Office, announced in Balatonöszöd on Friday.

The Hungarian government selected an area near central Nyugati railway station in District 6 for the site of its planned new administrative quarter, György Szilvásy, head of the Prime Minister's Office, announced in Balatonöszöd on Friday.
The location was chosen from among three places the State Assets Directorate (KVI) recommended to the government at the beginning of November, after a thorough screening of 27 alternatives with the help of evaluating committee. The decision is in line with the recommendation of the Budapest Munipality.
According to the government, the advantages of picking the Nyugati area include its close vicinity to the Parliament and the current building of the Ministry of Agriculture and Rural Development (FVM), the latter of which would host the Prime Minister’s Office (MEH). The approximately 700 employees of the MEH are currently scattered in eight different buildings at different parts of the city.
Another advantage of the Nyugati area is that most of the territory is held by state-owned railway company MÁV Zrt, government spokeswoman Emese Danks said.

The government announced this summer plans to sell its expensive downtown office buildings and relocate to a purpose-built complex as part of a set of cost-saving measures. The public-private venture was expected to utilize 160,000 square meters of space instead of the 350,000 square meters public administration currently takes up. Revenue from the sale of government office buildings was at the time calculated at Ft 100 billion (€377.4 million).

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.