ADVERTISEMENT

Duna Pearl residential complex reaches highest point

Residential

Duna Pearl, a new residential complex which is being built right next to the Danube bank in Budapest's District XIII, has reached its highest point, according to a press release sent to the Budapest Business Journal.

The complex, developed by Polat, will be inaugurated in the second half of 2022.  

"For a long time there will be no new housing available in this popular residential area, Duna Pearl will be built on the last plot of land that can still be developed," pointed out Bálint Szabó, the company's CEO.

As part of the project, 193 apartments, a 103-room unit of an international luxury hotel chain never before seen in Budapest, as well as cafés, retail space, and restaurants will be delivered by the end of 2022.

One-third of the apartments have already been sold in, which started in 2019 with the slogan "Unique, just like you". The total investment will be around EUR 70 million.

The project is primarily focused on combining sustainability and amenities. In line with EU building regulations, the complex will use 20% renewable energy, including an air-to-hot water pumping system and cooling-heating solutions in the roof structure. A significant proportion of natural stone and wood will be used in the construction. Residents moving in will have access to fully furnished and equipped apartments. Premium kitchens and walk-in wardrobes, smart solutions will also be available. Each apartment is equipped with a sink, fridge, hob, oven, and an extractor fan.

In addition, a smart home system provides residents with easy control of the ceiling-mounted heating and cooling system, lighting, and electric shutters. These will be standard features in all apartments

"We are aware that we have a huge responsibility in handing over the last plot of land in Újlipótváros that can be developed for housing. Újlipótváros is a special little island in the capital, a district with a civil, historic and small-townesque atmosphere, with a cohesive community of residents who know each other almost by name. For this reason, it is important that the project fits well into the fabric of the district," said Szabó, who added that he is convinced that the Duna Pearl will give the district much more than the demolished and fenced-off former bank headquarters.

He also noted that the company will also renovate the pavements around the site, create new park areas on the Pozsonyi út side, and open up green space on all sides, creating new public and community spaces for the residents of the district.

"It has been a long road to reach this milestone. It is an unimaginable achievement that we can now toast the achievement of the highest point, the ninth floor. I would like to personally thank all my colleagues, the general contractor KÉSZ and all the people working on the project for their contribution to the realization of the project," he added.

"For us, the Duna Pearl Condominium and Hotel project is a special project which requires special attention", said Árpád Tápai, deputy CEO of KÉSZ Építő és Szerelő Zrt. "The surroundings and location of the construction site do not only require extraordinary organization on a day-to-day basis, but it is also the largest luxury residential-hotel complex in terms of volume among our current works. The contract gives us the opportunity to contribute in many areas of general construction and to create apartments, hotel rooms, and service facilities such as restaurants that meet the requirements of the modern times."

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.