News Article Hotel Hungary office residential
by Property Forum | Economy

The Hungarian property scene is welcoming a new development company brought to life by three experienced real estate market players - Mihály Schrancz, Tamás Ádány and Zsolt Gyöngyösi. Realis Development is part of Realis Group, a holding company active since 2013.

The development company was established with the clear objective of creating premium quality property products in Hungary and CEE that not only generate financial value but also contribute to the aesthetic, technical and sustainability standards of our built environment. Realis Development’s portfolio has a line-up of modern and heritage projects in the hotel and residential segments, with longer-term plans including office developments.

The nine-member team consists of experienced and acknowledged industry professionals who previously managed complex real estate development projects and financed large-scale endeavours at international and local real estate development and asset management companies, and banks.

Founding partner and CEO Mihály Schrancz emphasised Realis Development’s unique business offer: “Together with my business partners Tamás Ádány CFO and Zsolt Gyöngyösi Development Director, we have built an expert team equipped with all-around real estate competencies, outstanding qualifications and references, as well as the vision to successfully prepare and implement great property projects.