K&H purchases new headquarters building at Millennium City Center (HU)

TriGranit Development Corp. and K&H signed the agreement pertaining to the purchase of K&H Group's new headquarters building today. According to plans, the 52,000 m² building, which will house a three floor underground garage, is to be completed at the Millennium City Center by the end of 2011, providing a modern working environment in line with today's requirements to the employees of the financial institution. TriGranit Development Corp. is the developer of the building complex.

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K&H's new headquarters will be completed at the end of 2011 by developer TriGranit.

K&H Group's new, campus type headquarters building is going to be built on the grounds of the Millennium City Center, on some 74,000 m². The 52,000 m² "K" building will be purchased by K&H, while the bank will rent office space totalling approximately 9,500 m² in the 22,000 m² "H" building, on the basis of a lease agreement concluded in December 2008. Both buildings are to be designed by Finta Architects.

Environmental awareness and sustainability are primary criteria for the design and construction of the new headquarters building; engineering and electrical functional principles and devices, acoustic, ergonomic and technical solutions, green rooftop gardens and terraces all go to ensure environmentally friendly operation.

In the scope of the above, TriGranit and K&H were the first in Hungary to launch the project in the LEED® rating category – an American rating system formulated on the basis of environmental awareness and sustainability criteria – which provides the building with a rating that is acknowledged all over the world.

"Our objective is to be awarded gold level LEED certification, with which we are taking a pioneering role on the Hungarian real-estate market. So our project has a role with substantial prestige value as the flag-bearer of an environmentally aware attitude. Energy consumption is anticipated to be 30-40% less due to the use of renewable sources of energy, thus operating costs will also go down significantly in line with this," said László Hajdu, TriGranit Development Corp's Development Director for Hungary. A unique opportunity presented itself on the market, whereby user demand and our company's environmentally aware mindset can combine to make the creation of a LEED certified development possible – the Director emphasised.

TriGranit is one of the largest fully integrated real estate investment, development and management companies in Europe. It has operations in 8 countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of major mixed-use developments for the coming years.

Source: TriGranit

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