News Article Budapest Czech Republic development Hungary office
by Property Forum | Office

Czech developer UDI Group has purchased a 2 ha plot in Budapest and unveiled its plans to enter the Hungarian market.

The plot, located near Árpád híd metro station on the Váci Road office corridor, will be the site of a €150 million project. Construction of an 80,000 sqm office building is scheduled to begin in two years with construction estimated to take another two years.

In its home market, the Czech Republic, UDI Group has completed a number of residential projects and two shopping centres. The developer is also active in Poland and Serbia.