REM Group has acted as property advisors, project managers and now as property manager of the Korean Cultural Center (KCC) located at 30-34 Frankel Leo Street, in District II of Budapest. The building of more than 5,000 sqm was extensively refurbished to house the Korean Cultural Center as part of a relocation from their previous premises in the MOMentum Office building in District XII of Budapest.
The Korean Cultural Center is a South Korean organization aimed to promote the culture of Korea and the new Center is a flagship project within Central and Eastern Europe. This is the largest KCC in Europe and second-largest after Tokyo in the world.
REM Group acted on behalf of the KCC to conduct an extensive property search which resulted in the acquisition of the building from the Central European University in 2017.
REM Group thereafter acted on behalf of the KKC to procure necessary permits and project managed the refurbishment of the entire building. The end result is the beautiful transformation of a landmark education and office building into a high-profile event and exhibition centre dedicated to the promotion of Korean culture.
REM Group is an integrated property services company based in Budapest with the principals of the company operating in commercial real estate since 1994. The company has developed approximately 235,000 sqm of landmark commercial and residential properties in Hungary and acts on behalf of third-party investors and property related clients.
