Budapest LEISURE ISLAND GETS GO AHEAD
BUDAPEST LEISURE ISLAND GETS GO-AHEAD
1.9-billion dollars development will include condo hotels and a casino
Completion due by the end of 2012
The Budapest municipality has given the go-ahead to a 1.9-billion dollars complete regeneration project on an island towards the north of the city, it was announced. The project on the island of Hajogyari, which was formerly a shipbuilding centre, will contain seven hotels, large-scale conference facilities, four condo-hotel projects, a luxury gym, spa and wellness centre, a casino and many sporting facilities, according to official news agency MTI.
The development – on the same island as the site of the annual Sziget music festival, one of Europe’s largest – will be completed by the end of 2012 although certain projects will be completed long before then. The municipality will be providing funding to the tune of some $69.6 million for the creation of infrastructural facilities ranging from walkways and roads to canoeing racetracks and mooring sites. The main portion of the project’s costs will be paid for by a consortium involving three local entities and a private developer.
Meanwhile, Budapest’s mayor and Hungary’s environment minister have announced the creation of a $533-million sewage treatment plant which will, they say, make the Danube fit for swimming once again. Gabor Demszky and Mikos Persanyi launched the project last week; work should be completed by 2010.
For more information on Budapest or to buy Budapest Property Investment, please conact us at WW Property Investments
1.9-billion dollars development will include condo hotels and a casino
Completion due by the end of 2012
The Budapest municipality has given the go-ahead to a 1.9-billion dollars complete regeneration project on an island towards the north of the city, it was announced. The project on the island of Hajogyari, which was formerly a shipbuilding centre, will contain seven hotels, large-scale conference facilities, four condo-hotel projects, a luxury gym, spa and wellness centre, a casino and many sporting facilities, according to official news agency MTI.
The development – on the same island as the site of the annual Sziget music festival, one of Europe’s largest – will be completed by the end of 2012 although certain projects will be completed long before then. The municipality will be providing funding to the tune of some $69.6 million for the creation of infrastructural facilities ranging from walkways and roads to canoeing racetracks and mooring sites. The main portion of the project’s costs will be paid for by a consortium involving three local entities and a private developer.
Meanwhile, Budapest’s mayor and Hungary’s environment minister have announced the creation of a $533-million sewage treatment plant which will, they say, make the Danube fit for swimming once again. Gabor Demszky and Mikos Persanyi launched the project last week; work should be completed by 2010.
For more information on Budapest or to buy Budapest Property Investment, please conact us at WW Property Investments
Labels: Budapest Investment Property
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