What is being built?

324 new apartments to be built at the Göncz Árpád City Centre in the capital

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Sight plans: Urban Developers and Investors Group
The Parkside Residence complex will be built next to the Vizafogó park.

The Czech Urban Developers and Investors Group launches its first project in its home country. The real estate developer is building a residential complex of 324 apartments, called Parkside Residence, in the XIII district of the capital, near the Göncz Árpád city centre and Vizafogó Park, which will be delimited by Esztergom, Süllő and Visegrádi streets, according to a press release.

The investment will be implemented in four phases by the Hungarian-owned Bernecker Zrt.. The flats will be equipped with a heat pump-based ceiling cooling and heating system, which will meet the requirements of category A+ and keep utility costs low.

2000 square metres of internal garden will be handed over

Parkside Residence will have a 364-space underground garage, 215 storage spaces and a 2000 square metre landscaped enclosed inner garden, with rainwater irrigation system. The façades of the buildings have been designed to be modern yet timeless, using natural materials such as glass and metal in addition to clinker brick.

They are also building a hotel

The complex will also house a Staybridge Suites Hotel, operated by Mogotel, belonging to the IHG group, which will be developed for short and medium-term business tourists. Here, 90% will be equipped with a kitchenette, combining the service and comfort of a hotel with the homeliness of an apartment, according to the announcement.

Attila Bakonyi, CEO of Bernecker Zrt., said: "Our 90% is an engineer, and as this is a very complex project, we will need our expertise. The Czech investor is just entering the Hungarian market and they make no secret of the importance of this pilot project for them. They are demanding a lot, but they are fair partners. The Parkside Residence requires a serious performance from both sides. The UDI Group's international management and its team in Budapest selected the Bernecker Zrt. after several rounds of professional and financial negotiations and tenders. I am proud of this assignment. We are ready and I personally can't wait to start this special project."

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