Bayer Construct Opens Up About the Zugló Development

Bayer Construct has defended the design and cost of the Zugló office development, saying the buildings were created for specific Hungarian state institutions rather than for general commercial use.

The company said the offices and their individual sections followed written instructions from the buyer, MNV Zrt., which represented the Hungarian state. The specifications included customized floor plans and interiors, built-in furniture, rooms with heightened security requirements, and decorations tailored to individual organizations.

Bayer Construct emphasized that these choices came from the client’s technical requirements, not from the contractor. As a result, it said the buildings cannot be used for another purpose or sold to a third party without alterations so extensive and expensive that they would effectively destroy the completed interior fit-out.

The company valued the basic technical content of the project at up to 244 billion forints, net. It added 10.8 billion forints for additional technical content and change orders commissioned by MNV, which independent experts appointed by MNV approved item by item. The total net contractual purchase price therefore reached 254.8 billion forints.

The completed development contains 166,249 square metres of usable above-ground floor space, with a stated average price of 1,342,587 forints per square metre. Bayer Construct said that figure covers development and construction, external infrastructure, public-interest improvements, land, equipment, financing and other related costs. The project also includes underground parking and service areas, along with roughly 11 billion forints in road, utility and public transport reconstruction.