For the first time in three decades, a Hungarian neighbourhood development has won an award at the world’s most prestigious real estate development competition, the FIABCI. Follow this article for more information!
Oh Thursday in Paris, the FIABCI World Prix d’Excellence International Real Estate Development Excellence Award for the best neighbourhood development. The recognition is largely due to the 15-minute city concept, unique in Hungary, which shifts the focus of transport from cars to walking and cycling, says Ripost.
BudaPart will feature smart solutions in residential buildings, with integrated smart home systems, ceiling heating and cooling, smart sockets and remote-controlled thermostats reflecting the sustainable approach.
It is a model for a people-centred, sustainable and liveable transformation of cities.
Property Market’s project is the first Hungarian neighbourhood development to win an award in the three-decade history of the world’s most prestigious real estate development competition. The FIABCI jury, the Oscars of real estate, gave high marks to BudaPart’s response to environmental challenges and eco-sustainability. This includes the new development, launching later this year.
Mihály Schrancz, Managing Director of Property Market Ltd. comments on the new elements of the project.
“The third phase of the green development of the BudaPart project will start. In it, the urban park will expand by 3 hectares. By the end of the development, it will reach a total of 20 hectares. This means that it will become the fifth largest public park in Budapest. So far, a total of 13.5 hectares have been renewed and upgraded. 110 trees and 1,000 m2 of shrubs were planted.”
The Lágymányos Bay, also owned by the investor, will add a further 10 hectares to the total natural surface.
The company’s CEO stressed that one of the significant points of their proposal at the international competition was the presentation of a main environmental challenge. Their task is not only to preserve but also to expand the flora and fauna of the area, including the Kopaszi dam. The project is preserving the topography of the area. BudaPark is a well-ordered, diverse water-situated park. The project is also introducing two new quarters to the already existing one.
The whole project is laying on a strong green strategy. This uniqueness won a gold medal at this year’s FIABCI.