S Immo Hungary renovates lobby of Budapest HQ

Office Market

Real estate investment company S Immo Hungary has decided to renovate the lobby of its Budapest HQ in the City Center office building, according to a press release sent to the Budapest Business Journal.

The highlighting elements of the decoration will be the Finta pencil drawings made during the design of the building. Work is expected to be completed in July 2022.

The City Center office building, which was the first rental office building in Budapest when it was opened in 1989, is located at the intersection of Bajcsy-Zsilinszky and Andrássy út, at the junction of several metro, bus, trolleybus, and tram lines. The "A" category, modern office building offers highly equipped offices on seven floors.

The building underwent a complete renovation in 2012. Most recently in 2021, the synth elevator lobbies were renewed. The main tenants of the house are Itochu, Sopron Bank, the Wallon Office of the Belgian Embassy and the real estate investment company S Immo Hungary, which owns and manages the property.

Vienna-based S Immo AG entered the Hungarian market in 2001. Over the last two decades, its Hungarian subsidiary S Immo Hungary has owned an exceptional office and hotel portfolio exceeding 140,000 sqm. Last year, S Immo Hungary took care of more than 100 tenants in Budapest. 

“We are committed to realizing projects with high-quality, sustainability, well-being, innovative solutions, and services. Closely related to this is the continuous renovation of our office buildings in order to provide the highest possible quality environment for both our tenants and our employees. Renovation of the lobby is of paramount importance, as it is the first impression a person gets when entering a building. So it must reflect the quality and standard of the entire building," emphasizes Géza Barabás, managing director at S Immo Hungary.

The design of the City Center is named after József Finta, a Kossuth Prize winner and Prima Primissima Prize-winning architect, who dreamed up buildings such as the Budapest Congress Center, the Westend City Center, the Schönherz College and the BME IT building. The renewal of the lobby has been entrusted to Pyxis Nautica Design & Build.

“We wanted to create a medium worthy of and supportive of the complex architectural heritage. As an interesting detail of the plan, I would like to emphasize that we wanted to treat the mandatory decorative elements that are common in such reception areas in a more meaningful way. Thus, after the renovation, the archival drawings and sketches made by the architect József Finta will make the character of the new forecourt of the iconic office building more personal," points out Dávid Tóth,  architect of Pyxis Nautica Design & Build.

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