Biggeorge Property REIT gets listed on Budapest Stock Exchange

27
Nov
2023
News - Biggeorge Property REIT gets listed on Budapest Stock Exchange #Biggeorge #Hungary #industrial #REIT

by Property Forum | Investment

The Budapest Stock Exchange (BSE) Standard section has welcomed Biggeorge Property REIT Nyrt. shares, owned by Biggeorge Property Zrt. This REIT has an extensive portfolio of industrial parks and is the fifth such company traded in BSE. 


This debut includes 3.785.905 shares, worth HUF 1.000 per share. The legal advisors were AegisLegal KálmánPartners and Duda and Csákó Legal Office.

The main activity of Biggeorge REIT is property and asset management, in addition to selling and purchasing own real estate.

The two companies were included in a publication called "BSE50", representing the fastest-growing middle-sized firms of the BSE. As part of the Bond Funding for Growth Scheme of the National Bank of Hungary, they also issued green bonds which were introduced lately in the BSE's Xbond platform.  

"Biggeorge REIT's 25,13% were sold before they entered the BSE. No further sales are planned at the moment", said Tibor Nagygyörgy owner and founder of Biggeorge Property Nyrt.
 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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