ARTICLES LABELLED WITH TAG Hungary

Hungarian-owned real estate developer Faedra Group has opened its business and industrial park in the Southern part of the capital. The Faedra22 Park, an urban “last-mile” logistics and office facility is fully leased.

Hungarian-owned B+N Referencia Ltd. has announced the acquisition of Italy-based Sagad. With this move the company has gained new industry knowledge, significant Western European experience and a new customer base.

The number of transactions this year is likely to catch up with last year's results, brokerage firm Duna House reports. 

Atenor Group has announced the appointment of Norbert Schőmer as the new leader to guide the real estate developer in Hungary. Mr. Schőmer has held significant roles in prominent organizations in the real estate industry over the past decades.

The second phase of the Park West project has been delivered in Budapest. The Hungarian developer plans two more phases in this project.

Shopper Park Plus Zrt., a regulated real estate investment holding company that owns and operates a portfolio of 18 retail properties, aims to float new ordinary shares and to list its ordinary shares in the BSE Premium category. Retail investors can subscribe for shares from October 9, 2023, with OTP Bank Nyrt. and Concorde Értékpapír Zrt. as distributors. Retail share subscription opens on October 9. 2023. In addition to professional investors, Hungarian retail investors will also be able to participate in the Budapest Stock Exchange’s (BSE) first euro-based initial public offering.

Panattoni Hungary has managed to sign two contracts to build 30,000 sqm of industrial space for a leading German automotive supplier. The new facilities will be opened in Kecskemét and Debrecen where Daimler and BMW already operate. The name of the supplier was not announced.

The first phase of the Le Jardin residential park has secured a BREEAM 'Very Good' certification. This is the first such project to get this type of certification in Hungary.

Hungarian developer Defactoring Zrt. has announced the start of the construction of the next phase of the logistics project in Biatorbágy in the suburbs of Budapest. The handover is scheduled for next summer.

Industrial manufacturer giant JABIL expands its warehouse and production capacity in Hungary. The firm will get an extended production site at the regional city of Tiszaújváros in the Eastern part of the country. The large facility is being developed by the Hungarian company Infogroup.