Váci 1 is an exclusive mixed-use commercial building in downtown Budapest, offering a truly unique shopping and work experience on 13,750 sqm in an ideal city center setting from July 2016. The UNESCO World Heritage listed building - constructed between 1911 and 1915 - was the historic headquarters of the first bank in Hungary, and later home to the Budapest Stock Exchange, from 1990 until 2005. It combines turn of the century interiors with modern spaces. Horizon Development authentically restored the building’s historic elements, and created the most breathtaking setting for the flagshipstore of its anchor tenant, a major international retailer.
The renovated palace is 72% leased to its retail tenant, as well as Hard Rock Café Budapest and the traditional confectionary of famous Szamos chocolatier. Prime office space of 2,800 sqm on the upper levels is still available for lease, welcoming tenants who appreciate the premium CBD location and the air of prestige of the property for being energizers of their business. The Sky-Bar on the 5th floor will offer the most spectacular views of Budapest: Vörösmarty Square, Fashion Street, the river Danube, the Budapest Eye and the Buda Castle.
The implementation of a new development concept for the modern parts of the building accommodated a partial change of building function from a pure retail scheme to a mixed-use commercial property. The optimization of vertical and horizontal traffic within the building enabled high efficiency for both the office and retail functions. The sustainable solutions incorporated by the developer contribute to the property’s optimal energy and water use and reduced environmental footprint, and entitle Váci 1 for its BREEAM In-Use certificate (expected for Q4 2016).