Projects
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DEAN'S College Hotel I |
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The development is the first large-scale, privately owned, purpose-built student hotel in Hungary, with 418 single bed en-suite apartments. With its excellent location, right next to Semmelweis University and only two metro stops away from downtown, DEAN'S College Hotel provides a unique living community. The hall has been designed to meet a wide range of student activities. It offers high quality well equipped bedrooms with en-suite bathrooms and kitchenette; and community facilities that include gym, study rooms, video rooms, roof terrace as well as a coffee shop, restaurant and bars. Part of the project is a passage on the ground floor of the building that forms a pleasant pedestrian link between the campus and the metro stop through a 1.500 sq m park.DEAN'S College Hotel is a top-class aparthotel project, offering high quality accommodation for short term and long term, for international and Hungarian students and tourists.
The project developer is the Hungarian Forestay Development. Investors are the Hungarian Rigg Wealth Management and the Austrian Value One Holding. The owner of the property is Forestay Studenthotel I. Investment Fund. The building will be operated by Forestay Group.
Millenáris Office Building Modern
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Millenáris Office Building Modern, built in 2009, is located in Budapest next to Millenáris Park and houses offices from the 2nd to the 5th floor. The refurbishment of the three levels of the office building started in 2018 alongside with the preparations for the repair works of the façade.
Throughout the project, Forestay Project Management provides full project management and technical inspection services for the European Parliament regarding both works.
Exchange Palace Budapest
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The Canadian Tippin Corporation is the current owner of the Exchange Palace on Szabadság tér. The listed building, built in 1905, which for a time was home to the Hungarian Television, was designed in Beaux-Arts style. The world-renowned architecture firm Beyer Blinder Belle (www.beyerblinderbelle.com) is responsible for the renovation plans that will restore the building to its original splendor. The converted Palace will feature 35.000 sq m state of the art office and retail space, with the aim to grow into a number one business spot in Budapest. Tippin Corporation has invested € 100 million into the project that also includes the 800 space “Lipót” underground parking garage, a 2006 acquisition situated next to the building.
Péter Németh and Bálint Botos are engaged with the project as Development Manager and Investment Manager, respectively.
Humboldt
The 17.000 sq m listed building built in 1926 in Prenzlauer-Berg, Berlin was originally constructed as a transformation station. As Development Manager at Tippin Corporation, Péter Németh was responsible for the project from the planning phase to delivery and rental’s fit-out up until a successful exit.
Projects
DEAN'S College Hotel II
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Forestay has started the development of Dean’s College Hotel II based on the success of Dean’s College Hotel I.
Dean’s II will operate as a hybrid aparthotel just like Dean’s I. The model has already proven its crisis stability in 2020, the hotel provides short and mid term accommodation for tourists and international students.
The hotel will open its doors with ~120 air conditioned apartments with en-suite bathrooms and kitchenette in the developing part of 7th district in Budapest.
The owner of the property is Forestay Studenthotel I. Investment Fund, the project developer is Forestay Development.
| DEAN'S College Hotel I |
|
|
DEAN'S College Hotel is a top-class aparthotel project, offering high quality accommodation for short term and long term, for international and Hungarian students and tourists.
The development is the first large-scale, privately owned, purpose-built student hotel in Hungary, with 418 single bed en-suite apartments. With its excellent location, right next to Semmelweis University and only two metro stops away from downtown, DEAN'S College Hotel provides a unique living community. The hall has been designed to meet a wide range of student activities. It offers high quality well equipped bedrooms with en-suite bathrooms and kitchenette; and community facilities that include gym, study rooms, video rooms, roof terrace as well as a coffee shop, restaurant and bars. Part of the project is a passage on the ground floor of the building that forms a pleasant pedestrian link between the campus and the metro stop through a 1.500 sq m park.
The project developer is the Hungarian Forestay Development. Investors are the Hungarian Rigg Wealth Management and the Austrian Value One Holding. The owner of the property is Forestay Studenthotel I. Investment Fund. The building will be operated by Forestay Group.
Millenáris Office Building Modern
Millenáris Office Building Modern, built in 2009, is located in Budapest next to Millenáris Park and houses offices from the 2nd to the 5th floor. The refurbishment of the three levels of the office building started in 2018 alongside with the preparations for the repair works of the façade.
Throughout the project, Forestay Project Management provides full project management and technical inspection services for the European Parliament regarding both works.
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Exchange Palace Budapest
The Canadian Tippin Corporation is the current owner of the Exchange Palace on Szabadság tér. The listed building, built in 1905, which for a time was home to the Hungarian Television, was designed in Beaux-Arts style. The world-renowned architecture firm Beyer Blinder Belle (www.beyerblinderbelle.com) is responsible for the renovation plans that will restore the building to its original splendor. The converted Palace will feature 35.000 sq m state of the art office and retail space, with the aim to grow into a number one business spot in Budapest. Tippin Corporation has invested € 100 million into the project that also includes the 800 space “Lipót” underground parking garage, a 2006 acquisition situated next to the building.
Péter Németh and Bálint Botos are engaged with the project as Development Manager and Investment Manager, respectively.
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Humboldt
The 17.000 sq m listed building built in 1926 in Prenzlauer-Berg, Berlin was originally constructed as a transformation station. As Development Manager at Tippin Corporation, Péter Németh was responsible for the project from the planning phase to delivery and rental’s fit-out up until a successful exit.
