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Articles - ingatlanfejlesztő

New Telekom Headquarters building structurally complete

12/1/17

The development of Hungary’s largest office building to be constructed in a single block has reached an important milestone: the new Telekom Headquarters building is now structurally complete.

Contemporary dance on the façade: a new perspective for the Kalvin Square office building

11/22/17

The Kalvin Square office building hosted an unique art event in late October, with its façade turned into an extraordinary, vertical stage by dancers performing in the air, hanging from ropes, under the auspices of the 26th Café Budapest Festival of Contemporary Art.

New leader joins Diófa Asset Management

9/15/17

15 September 2017 – Balázs Czifra takes over the real estate department at Diófa Asset Management.

Ecodome office building construction kicked off

6/29/17

Redwood Real Estate Holding (formerly known as B&L Estates), a Hungarian real estate developer has recently started the construction on a speculative basis of the 5,000 sq m, A+ category, LEED Platinum pre-certified Ecodome office building located in the heart of Buda.

IMMOFINANZ with clearly positive net profit in the first quarter of 2017

5/30/17

IMMOFINANZ generated net profit of EUR 101.7 million from continuing operations, i.e. excluding Russia, in Q1 2017 (Q1 2016: EUR -139.3 million). Rental income totalled EUR 57.1 million for the reporting period, compared with EUR 58.2 million in Q1 2016. The slight decline of 1.9% resulted primarily from portfolio adjustments involving the retail sector in Austria. After an adjustment for new acquisitions, completions and sales (like-for-like), rental income rose by 3.7% to EUR 49.7 million in the starting quarter of 2017. Results of operations equalled EUR 17.8 million (Q1 2016: EUR 57.2 million). Financial results improved substantially to EUR 93.0 million (Q1 2016: EUR -37.3 million), above all due to positive valuation effects from the investments in CA Immo and BUWOG.

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