Phase 2 of the Millennium Gardens in Budapest receives its occupancy permit

TriGranit and Revetas Capital have officially obtained the occupancy permit for the second phase of Millennium Gardens. This achievement represents a noteworthy milestone in the development of Budapest's sustainable office landscape.

The second phase of Millennium Gardens a grade A+, sustainable office and retail spaces in Budapest.

Sustainability at its core: Just like the first phase, the second phase of Millennium Gardens prioritizes sustainability and environmental responsibility. From its energy-efficient design to its adherence to BREEAM 'Excellent' standards, the complex remains committed to reducing its ecological footprint while providing top-tier amenities (like the in-house premium restaurant or the environmentally conscious car wash in the parking lot).
Harmonious integration: Harmoniously integrated with the first phase, the second phase creates a cohesive environment that fosters collaboration, innovation, and success. Its connectivity to public transportation and proximity to key amenities, the Liszt Ferenc International Airport, and top-notch universities make it an ideal choice for forward-thinking organizations.

“Receiving the occupancy permit for Millennium Gardens' second phase marks a milestone in our commitment to pioneering sustainable office and community spaces. This marks the completion of the Millennium City Center development, a district rehabilitation project started in the late 1990s, which catalyzed the growth of the office market in South Pest. I hope that incoming tenants will find as much joy in working in Millennium Gardens as our current tenants do!,” said Tom Lisiecki, CEO of TriGranit.

Eric Assimakopoulos, Founding Partner at Revetas Capital, declares: “Millennium Gardens, the jewel in the crown of our Hungarian portfolio, has now reached its final stage of completion. This exceptional project offers 37,000 sqm of cutting-edge offices delivered in two phases, setting a remarkable example of responsible building standards and environmental impact reduction across our entire portfolio. The second phase of development perfectly complements the first, which has been consecutively recognized as the Best Commercial Office Development for two years in a row, adding new amenities and flexibility, perfectly adapted to the current market requirements. Millennium Gardens has transformed the South Pest office market into a vibrant center for innovation and commitment to sustainability, attracting prestigious international companies in various industries. It not only completes our initial vision for the Millennium City Center revitalization project of 12-hectare brownfield site, but also stands as a testament to the commitment we made to our stakeholders and tenants 17 years ago.”

“It is such an emotional moment for all of us, who have been working on this project since it was only a mere hole in the ground. To have successfully developed both phases through the midst of either a global pandemic or a worldwide energy crisis is a remarkable achievement for any developer. Now the building in its entirety is open for another 17,000 sqm of business!,” said Dömötör Kàroly Makk, Head of Leasing at TriGranit.