The BudaPart project has won the Best Neighborhood Development award at the FIABCI international real estate competition in Paris. The project, taking place at the Kopaszi Dam, involves the construction of three thousand homes, 250 thousand square meters of office space, and 15 thousand square meters of retail space.
This is the first time in three decades that a Hungarian neighborhood development has been awarded by the world’s largest real estate development and investment organization. Mihály Schrancz, Managing Director of Property Market Kft, the company in charge of the project, said that the use of sustainable, environmentally friendly solutions to the development played a big role in their success at the competition.
Schranz stated that such sustainable developments include an increase in the city park’s property by three hectares. By the end of the project, BudaPart is targeted to be the fifth largest public park in Budapest at 20 hectares of green space, with 13.5 hectares of land already developed and maintained. 110 trees and one thousand square meters of shrubbery have been planted.
Schranz added that the office space developments also feature sustainable construction, listing energy efficient solutions, water-conserving irrigation, the addition of electric car chargers, and a high proportion of recycled materials. The residential area features built in smart home systems, ceiling and floor heating and air conditioning, smart power sockets, and remote thermostats.
Featured photo illustration by Zoltán Máthé/MTI