What is Eiffel Square?

Eiffel Square is not just another office building in Budapest. It is a carefully conceived micro environment in the middle of the City with its own tranquil Square, yet it is located just off the Teréz Boulevard at a major public transport interchange.

With extensive office development experience in Central Europe, the developers of Eiffel Square have designed a true A+ grade office building which matches its unique location and environment. From fully flexible air conditioning systems to naturally ventilated spaces, from the use of high value natural materials to the consideration of the long term sustainability and energy efficiency of Eiffel Square, the emphasis has been put on quality, efficiency and environmental awareness.

The attention to the design also includes provision for all of the ancillary support services which will allow you and your employees to optimize the use of their time within Eiffel Square. From banks to travel agents, from restaurants to cafés, from office supplies to copy shop and newsagent, from pharmacy and cosmetic shop to opticians, dry cleaner, and a car wash facility , convenience is at the core of our vision for the occupiers of Eiffel Square. Our first tenants are: Costa Coffee, Inmedio, Djuice, Tesco Express, Eiffel Pharma Bioshop. Special features such as the pleasant park environment, a choice of restaurants and cafés, soothing water features and the possibility of ice skating and cultural events in the Square, offer much more than the average office building in Budapest.

Eiffel Square provides 18,500 m² of offices, 2,100 m² of retail uses and 1,700 m² of restaurants on the 4,800 m² Square. Eiffel Square is a project of Europa Fund II, developed by ConvergenCE / DVM Design and designed by Finta Studio.

Eiffel Square is the optimal location in Budapest. It is adjacent to West Railway Station designed by Eiffel, Metro interchange and close to the junction of Teréz Boulevard, Váci út, St. István Boulevard and Bajcsy-Zsilinszky Street.

West Railway Station provides rail services to Eastern Hungary. It sits on the Metro 3 line connecting north and south Budapest. In front of the project on Teréz Boulevard, tram numbers 4-6 run along the Grand Boulevard of Budapest providing transport to the entire city as well as bus numbers 6, 26, 26A, 91, 191, and troley-bus numbers 72, 73.

On Nyugati square on the opposite side of the Teréz Boulevard, there is a private medical center, fitness center, post office, Scala department store and a number of banks.

Within a five minute walk of Eiffel Square is arguably the most successful shopping center on the Pest side of the City, West-End Shopping Center. Providing 400 shop units, from catering to fashion, shoes, cosmetics sports goods as well as a supermarket, restaurants and fast food, it provides enormous shopping variety. WestEnd also provides a five star Hilton Hotel and Conference Center and 14 screen Multiplex Cinema.

Within a ten minute taxi ride, several 5-star hotels can be reached including the Boscolo, Grand Hotel, Four Seasons Gresham, Le Meridien, Kempinski, Marriott and Sofitel. Virtually every major cultural attraction is within the same distance including the Opera, Music Academy and many theatres.

Total net area:	23,663 m²
Total office area:	17,175 m²
Max office area per floor:	3,133 m²
Rentable retail area:	3,363 m²
Restaurant area (leased):	2,083 m²
Total parking spaces (secure underground):	365
Total storage area:	1,042 m²

The Eiffel Square building dominates the east side of the new square and faces the impressive façade of the Western Railway Station. The main façade of the building is designed to reflect the grandeur of the Station in a multi-faceted glass surface of 120 meters in length with, angled sections, breaking up the continuous surface. Changes in façade treatment identify the three main building entrances accessible from the 10m wide pedestrian walkway at ground level.

This walkway is above the restaurants which have terraces on the large open Square. The design of the Square is based on a microclimate study by the Szeged University forming a natural amphitheatre with a water cascade and feature pond at its north end and a central stage suitable for open air performances in summer and the use of a skating rink in winter. It will create an oasis of calm and culture in the middle of the City.

Internally, the design aims to provide a clean contemporary image with the use of the best materials in reception areas and lift lobbies. The layout of the offices is designed around the necessity to provide natural daylight to all permanent working spaces and at the same time limit direct glare and sunlight which can create an uncomfortable working environment. For this reason, the north and south façade of the building are completely different. Equally, the necessity to allow for both fully air conditioned and naturally ventilated space is designed into the building.. Finally and uniquely for such a central location, Eiffel Square can offer up to 3,150 m² of space on a single floor level, thus allowing larger companies to optimize internal communication.

The investors instructions to the renowned Hungarian architectural practice, Finta & Partners Design Studio, was concentrate on flexibility and efficiency in the layout of Eiffel Square whichhas resulted in an extremely low common area to rentable area ratio and provides the flexibility for occupiers to choose from fully open plan to fully cellular uses, or a combination of both.

Contemporary designed reception areas with 24 hour security, 365 days per year
9 * 1,000 kg, 13 person high-speed elevators equipped with intercom system
Integrated corporate identification and signage concept
Secure controlled office access separated from the restaurant and retail areas
Magnetic card access system with trackable use record
Six wet blocks per floor designed to modern standards
Four pipe fan coil air conditioning system with divisible chillers and motorized dampers
Independent zoned air conditioning controls
Fully accessible 8 cm raised floor of 50 cm x 50 cm panels
Floor boxes providing telephone outlets and data connections,
Anti-static, anti-flammable floor carpet tiles
Clear internal office height of minimum 2.75 m
Acoustic Suspended Ceiling with recessed computer compatible lighting
Double glazed façade
Openable windows for natural ventilation to half of the floor space if required
Interior shading system
Energy efficient computerized building management system
Full fire and smoke detection and emergency systems installed throughout the building
Sprinkler system on the parking levels, with a possibility of extension to the office areas
Secure underground parking for 365 cars
Double electrical feed
Closed Circuit TV (CCTV) to all public areas
ISDN telephony and fiber optic connections
Waste selection and compacting in-house
Selective garbage collection
Movement sensitive lights in common areas, and in the garage
Car wash facility within the garage

Contact

Contact us
Eiffel Square Project Participants

Eiffel Square Office Building

Address: H-1062 Budapest, Teréz körút 55-57

Leasing, Asset Management:
ConvergenCE
Address: H-1062 Budapest, Teréz krt. 55-57. A/5.
Tel: +36 1 225 0912
Fax: +36 1 375 0445

Csaba Zeley
Cell phone: +36 70 319 6916
Email: csaba.zeley@convergen-ce.com

Projekt menedzser:
DVM Group
Address: H-1054 Budapest, Szemere u. 17

Tel: +36 1 302 4275

Fax: +36 1 302 7186

Attila Kovács
Email: a.kovacs@dvmgroup.com

Europa Fund II

Eiffel Square has strong financial backing through Europa Fund II and Europa Capital. Europa Capital is owned by its Principals and is a pan-European real estate investment management business. To date, Europa Capital has invested over €5 billion in Europe in a variety of transactions in 17 countries, ranging from single assets and portfolio acquisitions to buy-outs.

Europa Capital invests on behalf of over 70 international investors drawn from North America, Europe, the Middle-East, the Far-East and Australasia.

Europa Capital has an unique network of exclusive Country Partners, which provides deal flow, asset management services and the local market knowledge to help Europa Capital access and manage its investments.

Europa Capital is currently investing its fifth and sixth European real-estate funds. Europa Fund III invests in the European Union, Norway and Switzerland. Europa Emerging Europe Fund invests in Bulgaria, Romania and certain Eastern European countries outside the European Union.

ConvergenCE

ConvergenCE is primarily an investment & development company which also provides asset management and project management services in Hungary and Slovakia.

Since its establishment in 2004, the company has secured five development projects with a total investment volume of over € 150 million in the office, retail and logistics sectors. We also have investment assets with a value of € 120 million under management and project management works with a total value of € 62 million underway.

The management of ConvergenCE has extensive experience in the region since 1992 and previously managed the development of over 200.000m2 of commercial office and logistics warehouse space including the "Nívó Prized" Alkotás Point, the M1 Business Park, the first airport office and logistic project the Airport Business Park and the Infopark Research Center, the headquarters of IBM and Hewlett-Packard in Budapest.

ConvergenCE projects are financed either by international private equity or from its main source of equity funding, Europa Capital and its Europa Funds.

Asset management services are primarily based upon the JPMorgan real estate assets in Budapest, the Margaret Palace office buildings and Terrapark Buildings A and B.

DVM Group

Established in 1995, DVM is a group of companies specialising in project management, design and general construction, which since its inception has participated in the development of office and commercial facilities of over 500,000 m2.
DVM conducts its operations in Hungary as well as in several other countries in Central Eastern Europe.

Its business partners include many multinational companies, banks, insurance companies and real estate funds.

DVM's central offices are located in the business district of Budapest, where more than 25 experienced and highly qualified engineers and business administrators work tirelessly for the benefit of the company's clients.

Over the past 10 years Attila Kovács, the founder and still one of the operational managers of DVM, has built the business into a thriving company group that is today a participant in several high-end international real estate projects.

Gallery

Opening party of the Eiffel Square and MIX Club Bar
BCCH event
Grand Completion
Eiffel Square Office Building
AmCham - Business After Hours
Topping Out
Construction

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News

2011-07-29_Medicover moves to Eiffel Square, which is more than 90% let.

It seems that there is no summer holiday season in Eiffel Square Office Building. Medicover Zrt decided to sign a long-term lease agreement, and thereby significantly expand its capacity to provide private healthcare services to its Budapest customers. The new Medicover clinic will open on January 1, 2012.

Eiffel Square, developed by Europa Capital and its exclusive local partner, ConvergenCE, was completed in the second half of 2010 and only a year later reaching 90% occupancy. The building won the CIJ's Best Office Development Award in 2010 in Hungary and won best runner up in the Best Office Development category in the FIABCI Prix d'Excellence Awards in 2011.

Through a long and exhaustive process Medicover chose Eiffel Square in July 2011 to relocate from West End Business Centre and not only to modernise but also to more than double the size and capacity of this clinic. In this modern, state of the art facility, Medicover also plans to offer new services.

Peter Grossmann, the Chief Executive Officer of Medicover Zrt commented: "After the establishment of our own insurance company, the continuous growth of our corporate and individual client base and the expansion of our network in the major cities of the countryside, the next logical step was to further expand our capacity in Budapest. Medicover in Budapest is now present at Infopark, at the Szepvolgyi Business Park and soon at Eiffel square as well. Besides increasing our capacity to provide private healthcare services in Budapest, we also plan to offer several new services in this clinic. With this expansion, on the one hand we follow the demand of our increasing customer base and on the other hand we set standards and thereby strengthen our market leader position."

Csaba Zeley, the Asset Management Director of ConvergenCE added: „We are delighted to welcome the market leader Medicover and to increase Eiffel Square's amenities with such a high quality private medical service. We are proud to announce that even during these challenging times we were able to hit the "magic" 90% occupancy rate within such a short time after completion." "I can also confirm that we do not consider that market conditions are right for a sale of Eiffel Square. Instead we will shortly be re-financing the building." - he added.

Medicover joins such well-known international companies in Eiffel Square as Cetelem Bank, Sony Pictures Entertainment, Givaudan, Grundfos, Mastercard Europe and ESAB.

2011-07-01_Eiffel Square recognised at the FIABCI Prix d’Excellence Awards

Eiffel Square, Budapest wins best runner up in the Best Office Development category in the FIABCI Prix d’Excellence Awards

Eiffel Square, a 23,500 sq. metre office development in the Central Business District of Budapest developed by Europa Capital and its exclusive local partner, CovergenCE, is one of the outstanding office developments in Hungary and combines a first class building with immediate access to the city's transport network within the establishment new of a peaceful and green city park.
Europa Capital and ConvergenCE are delighted with the news that their flagship development in Budapest was awarded the prize of runner up in the Best Office Development category worldwide, and the best office development in Europe, by the FIABCI Prix d'Excellence Awards and presented in Cyprus on 19 May 2011 by the FIABCI Award Committee to the project manager, Attila Kovacs of DVM Design. This award follows on from that of the CIJ's Best Office Development Award 2010 in Hungary.

Simon Hooper, Partner at Europa Capital, commented: "We are delighted with all the awards that this unique project has received in the past months, which reward the exceptional efforts of the development team."
Alan A. Vincent of ConvergenCE added: " The FIABCI award proves that we have achieved our initial aim with Eiffel Square, which was to develop to an extraordinary landmark project in downtown Budapest."

The centrally located development next to the famous West Railway Station designed by Gustave Eiffel was finished in Q2 of 2010. The office project is one of the most successful developments in recent years, having reached almost 90% letting status within less than one year of completion. Both the public square and the office development are highly appreciated by the inhabitants of the capital city of Budapest. Internationally well-known tenants, such as Sony AXN, Grundfos, Master Card, Cetelem of BNP Paribas and Givaudan have appreciated the location and the quality of the Eiffel Square Office Building Development.
"FIABCI" is the French acronym for "Confédération Internationale des Administrateurs de Biens Immobilier" or the International Real Estate Federation. It was founded in Paris, France in 1948. Currently operated in 60 countries, comprising 3,500 individual members, 20 academic members and 120 professional organizations. FIABCI is represented in the international bodies of the United Nations and the European Union. The FIABCI Prix d'Excellence Awards recognizes the project that embodies excellence in all real estate disciplines involved in its creation. It is judged in two tiers, first by judges and then by an Oversight Panel that comprising of experienced real estate professionals and experts from all over the world.

Further information is available under www.fiabciprix.com

2010-12-08_More than 70% is leased of Eiffel Square Office Building

EIFFEL SQUARE

Landmark Success - 7,000 sq m office space leased in November at Eiffel Square which was voted the "Best Office Development of 2010" at the CiJ Awards last week.

Only eight months after opening its doors to the first tenants, ConvergenCE managed to lease more than 70% of Eiffel Square Office Building in the heart of Budapest next to the Nyugati Railway Station.

Four major leases were concluded in November 2010, which all are significantly larger than the current average transactions on the Budapest office market. Magyar Cetelem Bank signed for more than 3,500 square meters, while Agoda International, Asia's leading and fastest growing online hotel reservation service leases 1,200 square meters. M&C Energy Group, a UK based energy management company signed a lease agreement for more than 1,000 square meters of office space. Grundfos Financial Shared Services not just signed, but already moved into their brand new, 1,500 square meter headquarters.

The street level retail units, such as Costa Coffee, Tesco Express, Pharmacy, BioBolt, Drycleaners 5áSec and the two in-house restaurants, Mix and U26 were all considered as true in house convenience amenities by these new tenants when making their decision to choose Eiffel Square.

Commenting on the current state of exceptional progress of the scheme, Alan A. Vincent, Managing Director of developer ConvergenCE stated: "Eiffel Square has become recognised as the premier new office development downtown. I believe that Eiffel Square is a perfect example that excellent location and high quality product can be successful even in the current market."

Eiffel Square can still accommodate tenants from 300 m² to 3,000 m².

The majority investor in the development is Europa Fund II. The developers are ConvergenCE and DVM Group and the architect is Antal Fekete of Finta Studio.

2011-07-29_Medicover moves to Eiffel Square, which is more than 90% let.

It seems that there is no summer holiday season in Eiffel Square Office Building. Medicover Zrt decided to sign a long-term lease agreement, and thereby significantly expand its capacity to provide private healthcare services to its Budapest customers. The new Medicover clinic will open on January 1, 2012.

Eiffel Square, developed by Europa Capital and its exclusive local partner, ConvergenCE, was completed in the second half of 2010 and only a year later reaching 90% occupancy. The building won the CIJ's Best Office Development Award in 2010 in Hungary and won best runner up in the Best Office Development category in the FIABCI Prix d'Excellence Awards in 2011.

Through a long and exhaustive process Medicover chose Eiffel Square in July 2011 to relocate from West End Business Centre and not only to modernise but also to more than double the size and capacity of this clinic. In this modern, state of the art facility, Medicover also plans to offer new services.

Peter Grossmann, the Chief Executive Officer of Medicover Zrt commented: "After the establishment of our own insurance company, the continuous growth of our corporate and individual client base and the expansion of our network in the major cities of the countryside, the next logical step was to further expand our capacity in Budapest. Medicover in Budapest is now present at Infopark, at the Szepvolgyi Business Park and soon at Eiffel square as well. Besides increasing our capacity to provide private healthcare services in Budapest, we also plan to offer several new services in this clinic. With this expansion, on the one hand we follow the demand of our increasing customer base and on the other hand we set standards and thereby strengthen our market leader position."

Csaba Zeley, the Asset Management Director of ConvergenCE added: „We are delighted to welcome the market leader Medicover and to increase Eiffel Square's amenities with such a high quality private medical service. We are proud to announce that even during these challenging times we were able to hit the "magic" 90% occupancy rate within such a short time after completion." "I can also confirm that we do not consider that market conditions are right for a sale of Eiffel Square. Instead we will shortly be re-financing the building." - he added.

Medicover joins such well-known international companies in Eiffel Square as Cetelem Bank, Sony Pictures Entertainment, Givaudan, Grundfos, Mastercard Europe and ESAB.

2011-07-01_Eiffel Square recognised at the FIABCI Prix d’Excellence Awards

Eiffel Square, Budapest wins best runner up in the Best Office Development category in the FIABCI Prix d’Excellence Awards

Eiffel Square, a 23,500 sq. metre office development in the Central Business District of Budapest developed by Europa Capital and its exclusive local partner, CovergenCE, is one of the outstanding office developments in Hungary and combines a first class building with immediate access to the city's transport network within the establishment new of a peaceful and green city park.
Europa Capital and ConvergenCE are delighted with the news that their flagship development in Budapest was awarded the prize of runner up in the Best Office Development category worldwide, and the best office development in Europe, by the FIABCI Prix d'Excellence Awards and presented in Cyprus on 19 May 2011 by the FIABCI Award Committee to the project manager, Attila Kovacs of DVM Design. This award follows on from that of the CIJ's Best Office Development Award 2010 in Hungary.

Simon Hooper, Partner at Europa Capital, commented: "We are delighted with all the awards that this unique project has received in the past months, which reward the exceptional efforts of the development team."
Alan A. Vincent of ConvergenCE added: " The FIABCI award proves that we have achieved our initial aim with Eiffel Square, which was to develop to an extraordinary landmark project in downtown Budapest."

The centrally located development next to the famous West Railway Station designed by Gustave Eiffel was finished in Q2 of 2010. The office project is one of the most successful developments in recent years, having reached almost 90% letting status within less than one year of completion. Both the public square and the office development are highly appreciated by the inhabitants of the capital city of Budapest. Internationally well-known tenants, such as Sony AXN, Grundfos, Master Card, Cetelem of BNP Paribas and Givaudan have appreciated the location and the quality of the Eiffel Square Office Building Development.
"FIABCI" is the French acronym for "Confédération Internationale des Administrateurs de Biens Immobilier" or the International Real Estate Federation. It was founded in Paris, France in 1948. Currently operated in 60 countries, comprising 3,500 individual members, 20 academic members and 120 professional organizations. FIABCI is represented in the international bodies of the United Nations and the European Union. The FIABCI Prix d'Excellence Awards recognizes the project that embodies excellence in all real estate disciplines involved in its creation. It is judged in two tiers, first by judges and then by an Oversight Panel that comprising of experienced real estate professionals and experts from all over the world.

Further information is available under www.fiabciprix.com

2010-12-08_More than 70% is leased of Eiffel Square Office Building

EIFFEL SQUARE

Landmark Success - 7,000 sq m office space leased in November at Eiffel Square which was voted the "Best Office Development of 2010" at the CiJ Awards last week.

Only eight months after opening its doors to the first tenants, ConvergenCE managed to lease more than 70% of Eiffel Square Office Building in the heart of Budapest next to the Nyugati Railway Station.

Four major leases were concluded in November 2010, which all are significantly larger than the current average transactions on the Budapest office market. Magyar Cetelem Bank signed for more than 3,500 square meters, while Agoda International, Asia's leading and fastest growing online hotel reservation service leases 1,200 square meters. M&C Energy Group, a UK based energy management company signed a lease agreement for more than 1,000 square meters of office space. Grundfos Financial Shared Services not just signed, but already moved into their brand new, 1,500 square meter headquarters.

The street level retail units, such as Costa Coffee, Tesco Express, Pharmacy, BioBolt, Drycleaners 5áSec and the two in-house restaurants, Mix and U26 were all considered as true in house convenience amenities by these new tenants when making their decision to choose Eiffel Square.

Commenting on the current state of exceptional progress of the scheme, Alan A. Vincent, Managing Director of developer ConvergenCE stated: "Eiffel Square has become recognised as the premier new office development downtown. I believe that Eiffel Square is a perfect example that excellent location and high quality product can be successful even in the current market."

Eiffel Square can still accommodate tenants from 300 m² to 3,000 m².

The majority investor in the development is Europa Fund II. The developers are ConvergenCE and DVM Group and the architect is Antal Fekete of Finta Studio.

2010-10-06_OFFICIAL OPENING OF THE “EIFFEL SQUARE” PARK & RESTAURANTS

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.

2010-07-26_Location, Convenience and Sustainability – The new standard in Budapest!

Eiffel Square Office Building and Park in the heart of Budapest next to the West Railway Station, has opened its doors with six prestigious new office tenants. HAYS Recruitment will start their operations in August. SONY AXN, ESAB, AES Hungary, Eiffel Medical Centre and DJuice new headquarters are already in operation.

At street level, the long awaited Costa Coffee flagship is setting a new standard with its plush first floor lounge and WiFi service. Tesco Express, the BioBolt health goods store, the newly opened Eiffel Pharma pharmacy and the carwash provides the occupants and visitors of Eiffel Square with true in house convenience store amenities. In addition, the DJuice U26 and "Mix" restaurant, cocktail bar and event centre on the Square will shortly be fully operational. The developers, ConvergenCE / DVM Group expect to round off the convenience for office occupiers of Eiffel Square with a laundry and other services.

Commenting on the current state of progress of the scheme, Alan A. Vincent, Managing Director of developer ConvergenCE stated: "Eiffel Square is the next step up in terms of city centre offices in Budapest. Tenants are recognising not only its excellent location and quality but also its unique micro environment of the tranquil Park and the convenience of having restaurants and all the daily necessities for office workers in-house. The project is now 50% leased and strong interest is being shown for the remaining office space in the building."

Eiffel Square can still accommodate tenants from 300 m² to 14,000 m². While not making a big deal about its green credentials, Eiffel Square is aiming for a LEED certification and benefits from bike storage, washrooms and a number of "green" initiatives including extensive green roofing. Internally, the design aims to provide a clean contemporary image with the use of the high quality recycled materials in reception areas, lift lobbies and office spaces.

2010-04-15_

2009-09-28_Eiffel Square Office Building and Public Park close to completion

EIFFEL SQUARE OFFICE BUILDING AND PUBLIC PARK CLOSE TO COMPLETION

The "Grand Completion" of the Eiffel Square Office Building and Cultural Park, in the heart of Budapest took place on the 29th September in the magnificent new public square located next to the Nyugati railway station. The event celebrated the construction completion of the 23,663 sq m office and retail scheme, and the 4,800 sq m cultural park.

The €40 million investment is undertaken by the international investors of Europa Fund II and realised by the developers ConvergenCE and DVM Group. The general contractor is Hérosz Zrt and the exclusive letting agent of the retail units is Cushman & Wakefield international real estate advisor. The building was designed by Budapest's most prestigious architectural studio Finta & Partners, led by Ybl award winning architect, Antal Fekete.

The € 1,1 million cultural square and park in front of the new office building will be a unique new public space in the downtown of the City. It will have a choice of restaurants and cafés, soothing water features and the possibility to host ice skating in winter and cultural events in summer.

The design of the building was harmonized with the requirement of the Central Architectural Board, which is the primal architectural organization in Hungary, and the jury of the National Office of Cultural Heritage and of course with the architectural department of District VI.

Not surprisingly given the excellent location and the high quality of Eiffel Square, we have strong interest in the 17,175 sq m Eiffel Square Office Building and the 1,978 sq m restaurant level with 5 restaurants and cafés offering a range of cuisine with terraces on the new public square.
The 3,468 sq m retail area is leasing up well, it already comprises a Costa Coffee and newsagent on 563 sq m, an Arbat delicates shop on 70 sq m, a supermarket and food shops totalling 422 sq m and a pharmacy on 130 sq m. Cushman & Wakefield is currently negotiating with a Fitness club and a Drogerie who will most probably sign during the coming weeks.

Attila Kovács, Managing Director of DVM Group commented „We are also proud that this will be one of the first buildings in Budapest to gain the prestigious Leadership in Energy and Environmental Design (LEED) certifications. We hope to gain a silver certificate, which is at the high end of such awards."

Viktória Szabó, Partner head of retail in Cushman & Wakefield's Budapest office added: "Our retail team is proud to work on the Eiffel square project, which beyond the new quality office building will strongly improve the quality and the overall atmosphere of Budapest's busiest public transport interchange, and which surely will attract a large number of visitors".

On the Grand completion one of the most famous Hungarian painter Gyula Konkoly opens an exhibition in Eiffel Square with the contribution of Ernst Galery supported by the general contractor Hérosz Zrt.
For the completion of the project The European Crystal Cow, designed by Manooi, Zoltai Judit and János Héder is exhibited on the 6th floor of the Teréz krt. wing. The Crystal Cow decorated with 14.000 Swarovski crystals toured around Europe and was exhibited in Vienna in the Palais Hofburg and on the Graben, in Milano, and in several remarkable locations in Budapest.

2009-08-05_

2009-06-16_

2009-03-18_Structure of Eiffel Square is completed

The „Topping Out" of the Eiffel Square office and retail complex located next to the Nyugati railway station in Budapest's district 6 took place with 250 guests today. The official event celebrates the completion of the 23,663 sqm structure. Eiffel Square is scheduled for completion in September 2009.

Europa Fund II is the investor in Eiffel Square. The fund, which is managed by Europa Capital Partners LLP is backed by some 30 international investors from across the globe. The total cost of the development is approximately €45 million, including the development of the public square and cultural park at a cost in excess of €1 million. The project developers are ConvergenCE and the DVM Group. The general contractor is Herosz Zrt and the letting agent for the project's retail units is the international real estate advisor Cushman & Wakefield. The project designer is Budapest's most prestigious architectural studio Finta & Partners, led by Ybl award winning architect, Antal Fekete.

Although five months from completion, interest in arguably the best located new commercial development in Budapest is already at a level of 20 percent. The 1,978 sqm restaurant level with 5 restaurants and cafés offering a range of cuisine and cost with terraces on the approx 5,000 sqm new public square is fully committed. The retail area on 3,468 sqm is also leasing up fast, with a range of occupiers chosen to provide convenience to the office occupiers. New stores include coffee and newsagent, mini supermarket, delicatessens, laundry, banking and post facilities will be signed during the coming weeks.

The major differentiation between Eiffel Square and other new office projects in Budapest, apart from its excellent location, is the approx. 5,000 sqm cultural and public park laid out in the style of an amphitheatre between the new office building and Nyugati Railway station. Transforming a formerly derelict area into a calm, green and multifunctional amenity with water features for local residents and occupiers of the project was a major objective of the investors from the outset. The Eiffel Square will provide a venue for open-air theatrical performances, concerts and exhibitions, while in winter an ice-skating rink is planned. Beneath the development, secure parking will be provided in the form of an underground parking garage with space for 365 cars, a part of which will function as a public car park. Eiffel Square is creating a new bustling meeting point right at the downtown of Pest.

Published: Resource, Hungary A.M., Népszava, Facilities, magyarirodapiac.hu, irodahaz.info, epulettar.hu, Ingatlan és Befektetés, fn.hu, napi.hu, ingatlanmenedzser.hu, iroda.hu, ingatlanhirek.hu, echotv.hu, ingatlanmagazin.hu, logsped.hu, MTI eco.hu, archiweb.hu, ugyvezeto.hu, portfolio.hu, tozsdeforum.hu, hirextra.hu, hirstart.hu, villanegyed.hu,

2008-09-11_Construction of the "Eiffel Square Cultural Park, Office and Reatail complex has begun

Budapest, 11 September 2008 - Development of the "Eiffel Square Office Centre and Public Park" cultural park, office and retail complex located at one of Budapest's most important transport nodes, adjacent to the Nyugati (West) railway terminus, is progressing at an excellent pace. The "Eiffel Square Office Centre", which is being constructed in a joint development by Convergence Capital and the DVM Group", is scheduled for completion in summer 2009.

At last - a development project in the heart of Budapest that has been thought through carefully, right down to the smallest detail! In the summer of 2009, the office market in Budapest will gain far more than a standard office building, as not only the project's investors but the city as a whole will benefit from the 5 000m2 cultural park, which will be made even more colourful by its offering of restaurants and retail outlets. The Eiffel Square project will give the bustling area between Nyugati Square and Podmaniczky Street a completely new look. Based on the designs of Budapest's most prestigious architectural studio Finta & Partners, this hitherto neglected corner of the city will be brought to life, under a development concept that is unprecedented in Hungary's capital.

An public park, laid out in the style of an amphitheatre, located between the Nyugati (West) railway terminus and Eiffel Square will serve as a venue for open-air theatrical performances, concerts and exhibitions, while in winter visitors will be greeted by an ice-skating rink. Beneath the development, secure parking will be provided in the form of an underground parking garage with space for 365 cars, a part of which will function as a public car park.

The majority investor in this development, which has a total value of EUR 40 million, is the Eurofund II real estate fund, while the developers are Convergence Capital and the DVM Group. The letting agent for the project's retail units is international real estate consulting firm Cushman & Wakefield. The park development, with a value of EUR 1.1 million, is also being financed by the investor, and will be handed back to the city following its completion, providing Budapest with some extremely welcome additional green space.

Alan Vincent, CEO of Convergence Capital said: "Our objective is to launch a new concept in the Hungarian property development market, one that aims to create not only exceptionally high-quality office space, but also makes for a more liveable working environment."

"Our latest development project, the Eiffel Square complex has a special place in our hearts. The large public park, office building and cultural centre that lie in the focus of this cultural, business and retail development will not only serve to modernise the "Terézváros" district of the city, but will also bring new colour to Budapest's cultural scene, said Attila Kovács, CEO of the DVM Group.

A study into the landscaping and development of Eiffel Square is being performed by the Climatology and Physical Geography Department of the Science Faculty at the University of Szeged. The study is aimed at ascertaining the micro-climatic (thermal, radiological, hygrometric, wind) conditions of the urban micro-environment (Eiffel Square), and performing a (quantitative) analysis of human comfort factors.
The purpose of the study is to develop a range of landscaping options which - taking into consideration the seasonal conditions - ensure a pleasant environment in which people can make use of the public space (for short rests, meeting up, sitting down for a coffee or a snack in a café or fast-food restaurant),Â so that they regularly visit the square for shorter or longer periods, making it one of their preferred venues for spending free time.

"The task of letting out the 4 500 m2 of retail space on the ground floor of the complex is greatly eased by the large park, serving as a venue for cultural events, the prime location, the easy access and excellent transportation links," said Viktória Szabó, head of the retail division at Cushman & Wakefield. "The international chains are showing considerable interest in the retail units located in the enormous park, which opens onto the Teréz krt. section of the Grand Boulevard. We are engaged in negotiations with a bookstore chain, a supermarket, and many others, all of which will add to the range of services offered by the office building, thus helping the micro-environment to take on a life of its own."

Antal Fekete, the Ybl Prize-winning architect at Finta Stúdió, which has been commissioned to design the building complex and surrounding park, said that an accessible, down-to-earth, but at the same highly exciting and original development is being implemented in the heart of Budapest. He noted that in the design stage a great deal of thought and planning went into the landscaping of the park, in order to create a complex, European-standard business, cultural and recreational area.

The glass-clad building of the Eiffel Square office building compliments magnificently the existing railway terminus building, designed by Gustave Eiffel. The style of the iron and glass building, constructed between 1874 and 1877 in the romantic style, far ahead of its time, will be faithfully echoed in the glass surfaces of the Eiffel Square Office Centre's facade.

2008-08-18_Eiffel Square Office Building

EUROPA CAPITAL, with its seat in London, as the majority-owner of the EIFFEL SQUARE OFFICE BUILDING has announced these days, that the company is spending more than € 1 million for the development of the public square on the Podmaniczky street side of the West Station Square, in connection with the development of the office building.

"With the development of the Eiffel Square Office Building, the neglected middle town squares status will be settled, and the West Station square again will be positioned as its real worth."
declared Attila Baksa-Sós, the partner of Convergence Capital.

On the other side of the recreation park CONVERGENCE CAPITAL / DVM Design as project developer have planed a 23.500sqm office, retail and gastronomic area with the architect of the excelsior building, the Finta Studio. Main aspects which controlled the work of the excellent architect team where the effectiveness and the flexible malleability of the building, which was kept in view because of the variety of the prospective tenants.

The development of the building has commenced in November 2007. The hand over of the five thousand sqm public square, and the project is planned for the summer of 2009. In the execution of the development and the fast construction is the professed benefit that surrounds the well-thought-out plans.

The design of the square, which resemble to an amphitheatre gives an opportunity to function as an open-air theatre or concert area in the summer time, and as an ice-rink in the winter time. A beautiful public square is under development which will create the Town an added value in aspect of cultural and both communal meaning.