Hungarian developer and investor Biggeorge Property Plc has purchased a 35,000 sqm development land plot in Budapest, from ECE, for an undisclosed sum.
CBRE Hungary worked with the seller on the transaction.
The company’s key achievements in 2024 include the launch of 8 new residential developments, bringing this year’s total residential offer to 1,400 apartments in 11 projects; starting construction of Paris Maison – 100-room 4* downtown boutique hotel – in a joint venture; and completing the infrastructure of LogStar Park Fehérvár’s 100 ha development area.
With over €200 million dry powder in place, the company recently announced international expansion plans, seeking new investment and collaboration opportunities in residential, logistics and hotel development, as well as investments in the EU.
