News

OTP LAB starts R&D activity in Váci 1

Central and Eastern Europe’s regional provider of top financial services – OTP Bank – set up a new, 450 sqm research and development center in the prestigious downtown building of Váci 1. The innovative office features a special education center, project rooms and a lecture hall. OTP LAB (OTP Bank’s…


Exceptional yields confirm Eiffel Palace’s market value

Heritage protected Eiffel Palace – originally constructed in 1893 – was sold twice within the last three years, both times at the best yield in the Hungarian property market. The National Bank of Hungary (MNB) purchased the building directly from the developer (Horizon Development) three years ago…


Váci 1 wins two FIABCI World Prix d’Excellence Awards

Horizon Development’s unique heritage restoration and retail development project received international acclaim. Winners were announced last Friday in Andorra la Vella at the 68th World Congress of FIABCI, The International Real Estate Federation. The world’s best real estate development projects…


Váci 1 and Eiffel Palace win three European Property Awards

The London Marriott Hotel Grosvenor Square was home to the European Property Awards Gala Dinner held last Thursday, attracting over 500 guests from across Europe. Váci 1 and Eiffel Palace, Horizon Development’s two redeveloped heritage buildings – both designed and built by DVM group – scooped up…


Promenade Gardens’ foundation stone ceremonially laid

With the participation of 150 guests from all across the Hungarian real estate community, Promenade Gardens’ foundation stone was laid yesterday. The large-scale, sustainable commercial property on inner Váci út is Horizon Development’s ongoing office project, to be completed in Q4 2017.The 25,000…