Varosliget, Budapest
Varosliget adjoins the Ligetvaros Centre in a unique position near to central Budapest. It comprises a plot of 12,000 m2 located a few hundred metres from Andrassy ut., the main artery in the centre of the city. Varosliget currently provides small business units at the lower end of the office and warehouse market. Atlas as obtained in January 2008 zoning change approval for the development of 37,200 m2 of gross buildable mix use space. Atlas owns 90% of the plot with the remaining 10% being held by the local municipality. Atlas will purchase the Municipality's shares (already won the tender) then unite the plots for the new development including a 3,000 sq.m. central park.