K&H Group acquires new HQ at Trigranit's Millennium City Center

Trigranit Development has signed an agreement in relation to the sale of a 52,000m² building under development at Millennium City Center in Budapest to K&H Group. The three-floor 'K' property is due to be completed by the end of 2011 and will serve as the financial institution's new headquarters.

K&H is also to rent office space totalling approximately 9,500 m² in the 22,000m² 'H' building at Millennium City Centre, on the basis of a lease agreement concluded in December 2008. Both buildings are to be designed by Finta Architects.

Trigranit said 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. Trigranit and K&H were the first in Hungary to launch the project in the LEED® rating category.

'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, Triganit's development director for Hungary.

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