Renovation of Stock Exchange has commenced
Michael D. Tippin, President of developer Tippin Corporation, together with Peter Szentgyörgyvölgyi, Mayor of District V, discussed the plans for the Stock Exchange in Liberty Square.
Michael D. Tippin, President of developer Tippin Corporation, together with Peter Szentgyörgyvölgyi, Mayor of District V, discussed the plans for the Stock Exchange in Liberty Square.
• Growth of 4.5% in like-for-like rental income • Increase of 44.4% in results of operations to EUR 107.6 million • Improvement of 34.0% in FFO 1 to EUR 71.4 million
Exchange Palace the iconic former Budapest Stock Exchange building co-owned by Canadian developer Tippin Corporation and Luxembourg Optimum Fund Management, have received a final building permit and will commence reconstruction works in 2018.
The Supervisory Board and Executive Board of IMMOFINANZ AG today decided to continue the suspension of detailed discussions over a possible merger between CA Immobilien Anlagen AG (CA Immo) and IMMOFINANZ for the time being and to also evaluate other strategic options.
As of 01 March, Géza Barabás will lead the S IMMO subsidiary in Budapest and hence be responsible for the Hungarian Portfolio Management.
Hungary’s leading property company, WING Zrt, has acquired a retail portfolio which includes the EuroCenter Óbuda Shopping Center as well as two properties in the regional city of Szombathely.
Everything you wanted to know about the fastest growing segment of the office market in 6+1 points
Market Central Ferihegy, one of the largest retail parks in Hungary, and adjacent office complex Quadrum have been acquired by Erste Ingatlan Alap. According to Erste Asset Management, growth of the economy and expansion of the retail market in Hungary may facilitate higher rent, representing favourable outlooks for future returns of real estate funds.