Hungarian developer and investor Biggeorge Property Plc has purchased a 35,000 sqm development land plot in Budapest, from ECE, for an undisclosed sum.

Hungarian developer Biggeorge Property has extended its existing portfolio with an international residential property development division (Biggeorge Homes International) in Q4 2024, and brought aboard three new leaders to successfully implement its European expansion plans. Founder and CEO Tibor Nagygyörgy welcomes János Martin CEO, Zinaida Onczay-Vojnár International Business Development Director and Gábor Bakonyi-Kiss International Investment Manager in the group’s leadership. 

With the addition of János Gárdai in April and Dr. Ildikó Rézműves in May, Biggeorge Property Plc.'s top management was further expanded. The two new directors are responsible for the areas of asset management and communications in the Hungarian company. János Gárdai also serves as a member of the Board of Directors. The organizational transformation is driven by expansion goals and the objective of optimizing current operations.

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. 

The logistics arm of Biggeorge Property will start a huge project on the outskirts of Budapest, the company announced on LinkedIn. The complex is aimed to serve different clients with different needs. 

LogStar, the industrial division of local investor Biggeorge Property, has acquired the WestGate Business Park, an 18,000 sqm industrial facility, from Logicor. The seller was represented by CBRE. The price of the transaction was not disclosed.

Hungarian real estate developer Biggeorge Property is expanding its management team. The company's strategy for the next five years targets further substantial growth and the new managers were added to help achieve these goals, owner-CEO Tibor Nagygyörgy said.

Local developer Biggeorge Property has unveiled plans for a new city centre development in Budapest’s Óbuda district. The 5 ha project would include 1400 apartments and 10,000 sqm of commercial space upon completion. Handover of the first phase with 257 apartments in three buildings is scheduled for 2010.