Property
334 pre-grown new trees are planted in 120 places at the foot of Gellért Hill in the Kemenes Street residential park
On Friday, 5 September, a new investment project will commence at the foot of Gellért Hill: the development of Market Asset Management Zrt. (MAM) development and the construction of Market Építő Zrt. will commence preparatory work for the construction of the Kemenes Street residential park. The aim of the development is to create a high-quality, landscaped residential park that is greener than the current one, creating an environment in an area that has been neglected and out of use for a long time, according to information sent to our newspaper.
Experts decide the fate of the trees
As a first step, the investor had the area surveyed by experts. The experts confirmed that many of the existing trees were diseased and in poor condition, making their replacement unavoidable. As underlined in the communication, Market Csoport is committed to sustainability and as part of the project, it will compensate for the removal of around 120 trees by planting 334 new, pre-grown, 3-6 m high, native trees, adapted to the local climate, to guarantee the long-term green regeneration of the area.
One of the most important elements of the project is the rescue of the former heating house, which is a listed building in the area. The building will undergo a complete refurbishment in close cooperation with the heritage office and will be given a new function, preserving its historic character.
The surrounding streets will also be renewed
As part of the project, Market Asset Management will renovate the sidewalks, pavements and public green spaces of the surrounding sections of Kemenes, Orlay and Mányoki streets at its own cost, thus contributing to improving the quality of life in the wider community.
"Our aim is to revitalise a neglected area, while creating value, preserving the memory of the past and contributing to the development of the area. Gellért Green Residences will be a truly green oasis in the heart of the city"- saidLászló Balassa, Deputy CEO of Market Asset Management Zrt. Real Estate Development.
The plans for the 32-apartment residential project have been finalised in consultation with the District Architect, the National Architectural Design Council and the Heritage Protection Office, and comply with local building regulations.
Source : Link
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