Property news

Largest Hungarian property advisor ESTON brings in Chief Operating Officer

Borbála Telekesi-Csuhay joins the ESTON team in autumn 2020 and supports the company’s further activities as COO. Borbála acted as Sales and Asset Management Director of the BudaPart scheme at Property Market for the last five years and has spent more than ten years at WING Zrt before that.

Adorján Salamon, owner, and CEO of ESTON said „ESTON has gone through dynamic progress in the last two years, so the time has come when, besides strategic leadership, we must put greater emphasis on operative management and efficiency improvement. For this, the team should be expanded. I have known Bori for a long time and we shared several successful projects. Her professional experience, extended relations, and great personality all made her the best candidate for the now set up position. Her task is to harmonize our various departments’ activities and increase their efficiency as well as managing some long-planned, but lacking time and capacity always postponed, projects.”

Borbála Telekesi-Csuhay added “I believe that a well-timed career change brings new dynamics to one’s professional progress. By shifting to advisory from development I can bring a new perspective to ESTON and contribute to the company’s success. In my previous positions, I have already developed good relations with many of the team members so serious work can begin from day one.”

Over ESTON’s 27 years of operation the company has gained and strengthened their position among the top real estate advisory firms, and, since 2017 they offer full-scale services in the commercial real estate market under professional cooperation with the global chain Savills.

BudaPart CITY is on the right track

The very first lease contract has been signed for an entire floor

Budapest, 2020. 07.22. The shape of Budapest’s newest quarter is more visible day by day: the handover process of the next two residential buildings is ongoing and the execution of BudaPart CITY has stepped into an impressive phase.

The ongoing development of Property Market, BudaPart CITY, constructed by Market Építő Zrt.,  will provide office spaces and other services on six floors and almost twenty thousand square metres. BudaPart is often described with a state-of-the-art appearance; the office building compliments the work of this year Ybl prize winner architect studio Fazakas Architects LLC directed by György Fazakas.

The construction is currently ahead of schedule: the structure of the three-storey underground garage, the ground floor, the mezzanine level and the first two floors have already been completed, framework on the third office-level pillars is currently underway, whilst in the basement and on the ground floor stone works, mechanical and electrical works is already in full swing. The highest point of the building is expected to be reached by mid-autumn, with the occupancy permit in place by June 2021.

Bayer Hungária Ltd., a multinational pharmaceutical firm was among the first, who signed a lease contract for a complete floor in the office building, closely 3200 square metres and they will move into the new generation business hub, upon its handover mid 2021. The developer was represented by the co-exclusive agent Eston.

„BudaPart CITY brings a metropolitan vibe into the workplaces: the neighbourhood welcomes everyone with a complex infrastructure and a unique, green environment. The office building hosts a large-sized restaurant and additional 700 square metres of retail space, therefore the services of BudaPart will according to the plans also include a stationery shop, a drugstore, a bookshop, a cafe, a post office and a showroom. Employees can thus accomplish their everyday duties easier and faster with having even recreational possibilities located right next to their workplace: they can arrange meetings, friendly dinners or even a refreshing run at Kopaszi Dam, in the neighbourhood of the Danube” – said Dr. Mihály Schrancz, Managing Director of Property Market.

BudaPart development as a whole is going according to plans: three buildings have been handed over and the handover process of two new residential buildings was started this month. In 2021, besides BudaPart CITY, BudaPart Homes ‘E’ will be finished as well, followed closely by the central park of the neighborhood. This year the construction of further office and residential buildings and a hotel can be expected. Altogether, 15 residential, 13 office buildings and a hotel will be built within the frame of this investment.


/original press release by Property Market