Szervita Square wins World Gold FABCI Prix d’Excellence Awards

Office Market

The Szervita Square Building

The Szervita Square Building by Horizon Development has won two World Gold FABCI Prix d’Excellence Awards. The international titles for Best Mixed-Use Development and Best Sustainable Development were presented at a gala at the Lida de Paris. In total, five Hungarian developers won awards, the highest number of winners for the country to date at the annual event.

FIABCI is active in 60 countries and hands out annual prizes in recognition of the best property developers worldwide. The 12,500 sqm Szervita Square Building has received LEED “Platinum” environmental rating, making it the first such certified mixed-use property in CEE, according to Horizon Development.

The complex is a rare high-end office development in the historical center of Budapest with additional retail and residential space. Germany’s Union Investment has purchased the building for what is described as a benchmark yield for the Hungarian office market.

“We are re-entering the Hungarian property investment market with the current purchase of the Szervita Square Building. This is an exceptional technical and aesthetic quality downtown Budapest asset with a diverse tenant mix,” said the leading European investor.  

The Hungarian architect Antal Fekete penned the central concept in conjunction with Horizon Development, and the DVM group undertook the interior design.

“The Szervita Square Building has a special place in our hearts because it is definitely one of our best projects architectural-wise, fit-out-wise, and business-wise,” said Máté Bihari, leasing and sales director at Horizon Development.

“Most importantly, it is the last project which involved our founder, Attila Kovács. The project can be remembered for his philosophy, and this will always be a special part of our portfolio,” he noted.

Characteristic Reflection

“From an architectural perspective, the building is located in the middle of the heritage part of the city center; it is a building with its own characteristics but also strives to be a reflection of the surrounding area. It is a very beautiful building but also humble with regard to the surroundings. This was one of the most important elements when we developed the glass façade and the structure of the project, on the award,” Bihari explained. 

“Everybody would like to move into the city center, and we still have daily inquiries from companies who would like to occupy Szervita Square. Therefore, there is a need that we have fulfilled with the project. I think that, in the future, we will more and more need well-designed, sustainable office buildings in the city center. In this way, such projects are sustainable, tenants can use public transport, and they are surrounded by most of the necessary services. So, it is an important factor to have quality office buildings in the center of Budapest,” he added.

BudaPart by Property Market, a multi-phased project which will eventually consist of 13 office and 15 residential buildings in addition to commercial units on the southern Buda bank of the Danube, based on the concept of the development of a new city quarter designed by the Danish architects ADEPT Studion, won the Urban Development Gold Award.

Atenor won silver in the Office Development Award for the BREEAM “Excellent” certified 130,000 sqm Váci Greens building, designed by the Hungarian Tiba Architects Studio. The Millenáris Széllkapu (Gate of Winds) Park, designed by leading Hungarian engineering company TSPC (Technical Supervision and Planning Consulting) Hungary Kft. was awarded gold in the Public Infrastructure category. Star Fortress of Komárom won the National Heritage Protection Award.

This article was first published in the Budapest Business Journal print issue of July 1, 2022.

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