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Krisztina Palace is under roof

The premium office building, Krisztina Palace, the first development project of the Hungarian affiliate of the Brussels-based real estate development company Codic International has been roofed in the 12th district of Budapest, Codic said in a press release.

The planning and construction companies’ staff as well as the Mayor of the district, Zoltán Pokorni, delegates of the district’s municipality, representatives of the developer Codic Hungary and the investor, the German Union Investment Fund attended the topping-out ceremony on Wednesday.

The Mayor said that this investment is the major property development of the District. ‘Hegyvidék, as the 12th district is called, is a district where quality is a crucial feature. “We were the ones who called for a building designed by a world famous architect and the Hungarian Ekler Bureau together and constructed by a serious property developer with international background. We think that a series of major business entities in Hungary will like the new office building as it was the case with MOM Park. This investment reassures our plans to establish a new city center in this area. Last November we inaugurated a new sports and leisure center in Csörsz utca and now, we are about to raise European Union finance means to renovate the MOM Culture Center. We elaborated a complex Municipal Integrated Urban Development Strategy into which this development perfectly fits,” Pokorni said.

“Krisztina Palace fits perfectly into the urban planning philosophy of its neighborhood, offering a prestigious working environment while optimizing space use and comfort. With its modern architecture, its quality and the remarkable location, this development is one of the most important developments in Buda,” the CEO of Codic International, Thierry Behiels said at the ceremony.

Located in Nagyenyed utca, the office building offers a space of 16,000 square meters in a very efficient layout so that the ratio of used space is about 94%. The use of the latest available technologies allows extreme energy saving performance. The façade with a ‘k-value’ of 1, the patios and the spaces for common usage have been planned by the world famous French architect, Dominique Perrault, designer of the National Library in Paris and the Twin Towers in Vienna. Further parts of the building have been designed by the Architect Bureau Ekler. The building, which offers 399 parking slots for cars, will be inaugurated in July 2009. (press release)