Eiffel Palace: the Renaissance of a Building

Eiffel Palace: the Renaissance of a Building

Eiffel Palace – a Central Business District development of unique significance in historic preservation, urban planning, sustainability and general construction – officially opened its doors in Budapest on 20 March 2014. After 120 years, the former Pesti Hírlap and Zrínyi Nyomda building shines in its original beauty again, contributing to the rebirth of the Hungarian capital.

One year after the stone laying ceremony of the Bajcsy-Zsilinszky Road corner building organically combining 19th century elements of patina with modern technological solutions, we are celebrating its grand opening thanks to the exceptional, coordinated professional performance of Horizon Development and DVM group. The 8-story downtown office building offers 14,500 sqm of total leasable space, with a current occupancy of 65%. Eiffel Palace houses the offices of PwC Hungary, Dentons and the British Chamber of Commerce in Hungary.

The building’s expected double environmental certificate (LEED Gold, BREEAM Very Good) is unique in Central and Eastern Europe. Features that contribute to the excellent energy and water efficiency of the building include solar collectors and photovoltaic panels, the use of harvested rainwater, built-in low-flow aerators, occupancy and motion sensors, energy-saving LED light fixtures, pre-programmable elevators and the vegetation on multiple roof terraces. Bicycle storages with lockers and showers are situated in the 5-story underground garage, and electric and hybrid car chargers are also located here. The adornment of the atrium is the vertical garden that complements the timeless harmony of whites, beiges and bronzes with its fresh shades of green, and links the ground floor with the first floor.

Besides the company’s apparent focus on environmental value creation, Horizon Development also puts great emphasis on restoring historic values. It pays tribute to the heritage of Pesti Hírlap and Zrínyi Nyomda with its exhibition on the history of printing, and the display of original machinery in common areas.

This historic backdrop – with the breathtaking atrium and cast iron ornaments of Eiffel Palace – served as the venue of the grand opening. Antal Rogán (Mayor of Budapest’s 5th district) praised the high prestige investment, and pointed out its key importance in the capital’s urban development concept. Attila Kovács (Managing Partner of Horizon Development) and Balázs Czár (Managing Partner of DVM group) shared details of the planning, development and general construction processes of the new building with the invited guests. The opening speeches were followed by the premiere of a movie featuring Eiffel Palace, and concluded with an exclusive evening reception.