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| ORCO announces structural completion of Váci 1 in Budapest Just one year after the commencement of the construction works, ORCO's Project VÁCI 1 located in the 5th District of Budapest with an entire area of 11,000 square metres is now structurally completed. The new shopping centre of Budapest will be realized at Vörösmarty tér in the building where once the stock exchange had seated. The developer of the Project held the topping out ceremony of the building on 19 October with the participation of the contractors and the future tenants. ORCO has gained several years of international experience in the development of buildings qualifying as scheduled monuments. With the experiences obtained in the course of the realization and delivery of the Paris Department Store and the Avenue Gardens residential development, ORCO started the development of Project VÁCI 1 in downtown Budapest during the autumn of 2009. Project VÁCI 1 awaits its future customers with its special, tarnished interior offering high quality commercial and catering services. The planned delivery of the building is expected to occur in the autumn of 2011. 60% of the lettable area of the 11,000 square metres of VÁCI 1 has already been rented out and the developer is currently conducting negotiations for the leasing of the remaining areas. write your comments about the article :: © 2010 Construction News :: home page |