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March 21, 2023

The first phase of Millennium Gardens office project in Budapest has been awarded the Commercial Development of the Year 2022 prize at the Hungarian Real Estate Awards Gala at Vigadó Concert Hall in Budapest. This prize is a worthy recognition of the work of TriGranit and Revetas Capital and the exceptional quality of the building.

Millennium Gardens has won the prize due to its ability to meet the office requirements of the 21st century. The building is the first phase of the ESG and 2040 Carbon Neutrality strategy of Revetas Capital, which means that only innovative solutions were applied during the construction to reduce emissions and energy consumption during operation, and environmentally friendly materials were used for the building. Contractors were selected based on compliance with HSE requirements, and all construction activities were monitored and reported regarding the corresponding CO2 emissions. The building was also planned in accordance with BREEAM ‘Excellent’ and Access4You ‘Gold’ certifications.

‘We are delighted that the organizers of the Hungarian Real Estate Awards awarded our office development Millennium Gardens with the Best Commercial Development of the Year in Hungary prize. I would like to express my appreciation to everyone who has contributed to this success, but above all to Revetas Capital Advisors, EBRD, TriGranit team, our clients, contractors and partners for their trust and faith in us. The first phase of Millennium Gardens has opened its doors with an occupancy rate of over 90%, trusted by tenants such as Henkel Hungary, Provident, MSD Pharmaceuticals and Fressnapf, just to mention a few. We will continue providing the best possible office space for our tenants and follow this approach with the second phase of Millennium Gardens, the construction of which will be launched in the coming weeks.’ – said Tom Lisiecki, CEO at TriGranit.

Eric Assimakopoulos, Founding Partner at Revetas Capital, declares: ’We are delighted for Millennium Gardens to receive this award, which is a great recognition of our team’s hard work and dedication to delivering outstanding projects in terms of design, technology and sustainable ESG practices. Trigranit’s and Millennium Gardens’ journey began in 1997 with the Millennium City Center. The Millennium City Center is a brilliant vision of an urban regeneration project on a 12-hectare brownfield site, now comprising 8 buildings on almost 400,000 sqm, all completed with the newest jewel on the Danube, Millennium Gardens – phase I, delivered by TriGranit. We would like to thank our partners, investors and banks, all our stakeholders, and teams for bringing this vision to life. Phase 1 of Millennium Gardens – The North Tower kicked off with over 90% occupancy with Fressnapf, Henkel, Provident, MSD (Merck Pharmaceuticals) and ION Dealogic, as key tenants. We continue our commitment to our tenants to provide the best office experience and to set the standard for sustainable buildings in the future.’