Budapest, 16 September 2010
Her Excellency Eleni Tsakopoulos Kounalakis, US Ambassador to Hungary today officially opened the Eiffel Square Park & Restaurants complex located at one of Budapest’s most important transport nodes, adjacent to the Nyugati (West) railway terminus.
The “Eiffel Square Office Centre”, which has being constructed in a joint development by ConvergenCE and the DVM Group, is complete and letting up well.
With today’s opening of the MIX Restaurant, Bar and Nightclub, the restaurants are complete, together with the U26 restaurant. The Park has been open during the summer and has already become the favourite public space of many local residents providing an oasis of calm with its landscaped gardens and water features, in the middle of the downtown. It hosted a large downtown venue for the World Cup with a huge LCD screen in the park. The developers who remain responsible or the management and maintenance of the park plan to install a skating rink in the winter in order to provide a year round recreation venue.
The majority investor in the Eiffel Square development, which has a total value of EUR 40 million, is the Europa Fund II real estate fund.
Alan Vincent, CEO of ConvergenCE said: “Our objective was to turn a derelict piece of railway land into a new amenity for both the office building and the City. We are pleased and proud to have reached our objective.”
“We are also proud to have contributed to a huge improvement in the immediate environment of the Nyugati Railway station. The perspective of this beautiful monument building from the new Eiffel Square is one which resident of Budapest were not in the past able to appreciate.” said Attila Kovács, CEO of the DVM Group.
The existing railway terminus building was designed by the Gustave Eiffel architect studio in the romantic style and built between 1874 and 1877.
The Eiffel Square office building has become recognised as the premier new office development in the downtown of Budapest. Since opening in March it has already leased up to over 50% occupancy with tenants including: Sony Pictures / AXN, Hays Recruitment, Tesco, Costa Coffee, Grundfos, Iberdrola, Bi-Med, DJuice and AES Tiszai Erőmű.