ING Real Estate will open a EUR 200m retail, office and residential complex in the south of Buda on November 11, ING Real Estate’s development director for Hungary Gabor Glavatity told MTI on Tuesday.
The 150,000-square-metre complex, called Allee, is being built on the site of the former Buda Skala shopping centre. It will have 36,000 square metres of retail space, 89 homes and 7,000 square metres of office space. Leases have been signed for nearly all of the retail space and 70 of the homes have been sold, but contracts for just one-fifth of the office space have been signed, Mr Glavatity said.
ING Bank is financing the project which started in August 2007.
Average rental fees for the centre’s three floors of retail space will be EUR 25 per square metre per month, although fees for space on the ground floor will be EUR 60-100. Average rental fees for the office space in the centre will be EUR 12 per square metre per month.
Eight contractors are building the complex, based on the function of the space. They include Strabag, Swietelsky and Magyar Aszfalt.
The complex will be heated by Budapest’s district heating company Fotav, Mr Glavatity said, adding that a very favourable contract had been signed for the service.
Booooooooooooring!!!!
Also: “It will have 36,000 square metres of retail space, 89 homes and 7,000 square metres of office space.”
More retail and office space that nobody asked for or wants, let alone needs. And to call those crummy little condos “homes” is rather ridiculous, isn’t it? Sandwiched between retail stores and offices, some “home” that will be.
Great development!ING Real Estate is truly a world class outfit.
ING SUX!!!!
Plus, I wouldn’t put a sick dog in as resident at this grotesque “Allee” whatever. One more ridiculous contraptions polluting God’s Green Earth.
But why do so many of them have to be in Hungary?
Karman,
You take that back, ING is the best company in the world, you are a stupid face person!
And you are wrong! Not everybody is hungary. I just ate an apple so im not hungary anymore.
David
@David, U need help, buddy. You are a total mental degenerate, just like your sicko cousin david is.
Carman. I am not likING that you say we are cousins. As amusING as you might think you are I am thinkING you should go back to lickING and suckING your dogs thING.
david. The medication is obviously not working.
Please confine your thoughts to that dustbin of a
mind. Or, if you must, chalk your pornographic
nonsense on the blackboard along with the other
recalcitrants.
@Censor, I am with you, man.
And @David: you need immediate mental help, good buddy. Right now, you are but a total mental degenerate, just like your sicko-degenero cousin david is, apparently.
What had happened to you, I wonder?
Carmen,
Yes sometimes i forget my medication, but that does nt change the fact you are a mutha f@#ckin ass lickin slut boy who jerks of little boys.
Censor you come here and f@#k my assholes.
ING is the best thats all, Dutch mafia will kill you and your mumma bitch.
ING? A conglomerate of incompetents. A few years ago a “rogue” ING trader lost well over a billion $’s. Thats one billion $’s. Their incompetence knows no bounds. But no worries! The socialist government will give them billions of tax dollars in bailouts!