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Elephant Holding completes HUF 3.5 billion development

As of June 2010 homeowners can start moving in Elephant Holding’s recently completed project, named Vigo Ház. The development is located in the 20th district of the capital and has 130 apartments.

The group of companies is presently involved in the development of nearly 2000 apartments in Budapest green suburbs as well as substantial office and warehouse capacity in the south-east fringe of the capital through Rákosmezeje Zrt.

‘We make sure our houses become an integral part of the Budapest’s green suburbs as 95% of the apartments in Vigo Ház have their own balcony or terrace‘– says Zoltán Zelei, sales director at Elephant Holding. ‘It is important that the buildings should not be taller than 3-4 stories, and if possible higher floors apartments should have large terraces all around the building, this way decreasing robust effect and providing a garden feel for inhabitants living on upper floors."

Thanks to its similar characteristics Vigo Ház is popular with people living in the neighborhood, which is a remarkable achievement as newly built apartment houses are often met with disagreement and unjust criticism by locals– explained Zelei. The fact that Vigo Ház anchors high street functions, such as 7 street front retail units, 770sqm of office space gives a fresh look and feel to the area while preserving its peaceful nature. (BBJ Online)