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Articles - Eiffel Palace

New Leasing Director at Horizon Development

8/5/20

Kata Mazsaroff will assume the role of Leasing Director at premium Hungarian real estate developer Horizon Development from September 2020. With her ambitious goals and remarkable professional background, the new executive will be heading the company’s leasing department and participating in the value creation process of the company.

Exceptional yields confirm Eiffel Palace’s market value

8/8/17

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 in August 2014 at a price of €45.3M, with an approximate yield of 6.5%, and resold it in August 2017 to Luxembourg-based Corpus Sireo Real Estate investment fund for €53.8M, at a yield around 5%, generating an almost 20% profit on the deal.

Eiffel Palace Wins Prestigious European Leadership Award

10/20/15

At Greenbuild Euromed in Verona last Thursday, the World Green Building Council (WorldGBC) announced the winners of the Europe Leadership in Green Building Awards 2015. Eiffel Palace, a unique office building in the heart of Budapest with a LEED Gold and BREEAM Very Good certificate took the award for Leadership in Building Design and Performance.

Horizon Development Achieves Highly Acclaimed European Award for Eiffel Palace Office Building

9/29/15

The official results of the European stage of the International Property Awards 2015-2016 were announced at the Grosvenor House Hotel in Park Lane, London, on 22 September. Horizon Development is the national winner from Hungary, and competed against top developers from across the continent.

Eiffel Palace: the real estate success story of the year

2/13/15

The elegant and sustainable prestige office building in CBD Budapest proved to be the best in two categories at the Office of the Year 2014 Competition. Horizon Development managing partners Attila Kovács and Balázs Czár were called on stage multiple times last week at the 5th Office of the Year Awards Ceremony.

Eiffel Palace wins three prizes at FIABCI Hungary Prix d’Excellence Awards

12/18/14

The prestigious downtown office building, Eiffel Palace, received triple recognition last week at the FIABCI Hungary Prix d’Excellence Awards Ceremony. The competition and the event were both held by the Hungarian FIABCI Chapter and the Hungarian Real Estate Association, and endorsed by Mr. Zsolt Füleky Deputy Secretary of State for Architecture.

CBRE Hungary Moves to Eiffel Palace in the New Year

12/16/14

CBRE Hungary, the local affiliate of the world’s largest property advisor signed a long term lease contract in one of the most prestigious office buildings in Budapest. The company will move its head office to Eiffel Palace in Q1 2015.

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