CEO of Hungary's Property Market steps down

08
Dec
2022
News - CEO of Hungary's Property Market steps down #career #Hungary #Market Group #office #Property Market #residential

by Property Forum | Career

Mihály Schrancz, the CEO of Hungarian real estate development company Property Market has stepped down. The move was unexpected and no new leader has been announced yet.

Mihály Schrancz decided to quit Property Market Kft., a leading real estate development company, a member of Market Építő Zrt. He was one of the important leaders at the firm since its establishment in 2015. For many years, he was responsible for development projects and in 2020 he was appointed to head the whole company as CEO. 

In a short statement about his decision, the owner of the group said that a different management structure is to be introduced. Further information will follow soon. The owner also added that the large-scale flagship project (BudaPart) at the river Danube will be continued as planned.


career Hungary Market Group office Property Market residential


Latest news


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.


Latest news

News - Amera Grup looks to scale local industrial and hospitality investments
24
Jul
2026

Amera Grup looks to scale local industrial and hospitality investments

by Property Forum
Ádám Ambrus, Manager of Amera Grup, talked to Property Forum about the firm’s strategic expansion, including the Ibis Styles Cluj-Napoca hotel development. He discussed new industrial parks in Oradea and Arad, the rapid growth of their self-storage business, and the importance of aligning investments with infrastructure progress.
Read more >
News - CA Immo launches share buyback programme
24
Jul
2026

CA Immo launches share buyback programme

by Property Forum
CA Immo's management board has resolved to launch a new share buyback programme. The programme covers up to 1,881,792 shares, representing 2.00% of the company's current share capital, with purchases to be made via the stock exchange.
Read more >
News - Redkom breaks ground on 35,000 sqm retail park in Tarnów
24
Jul
2026

Redkom breaks ground on 35,000 sqm retail park in Tarnów

by Property Forum
Redkom Development has started construction of its retail park in Tarnów, appointing SPEC BAU Polska as general contractor. Located on Lwowska Street, one of Tarnów's main transport routes, the scheme will deliver around 35,000 sqm of gross leasable area (GLA) across nearly 30 retail and service units, including an Agata furniture store and a Cinema City multiplex.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy