ARTICLES LABELLED WITH TAG Hungary

Indotek Group is expanding its Western European office network with a new Vienna office. The company has been expanding in Western and Southern Europe for over a decade, and the Austrian office will also serve as the first regional private equity investment centre for the Budapest-based group.

Indotek Group has announced plans to build thousands of new homes in Budapest at prices more favourable than panel flats, including projects in districts XI and XV. The company expects that the new targeted apartment supply will have a price-reducing rather than price-inflating effect, contrary to some market fears.

Atenor has appointed János Martin as Country Director for Hungary as of November 4, the company announced on LinkedIn.

Industrial developer CTP reported net rental income growth of 15.4% year-on-year to €549 million in the first nine months of 2025. The company achieved like-for-like rental growth of 4.5%, driven by indexation and lease renewals.

Shopper Park Plus, a Hungarian real estate investment company, announced plans for a secondary public offering of approximately 8 million newly issued shares in the last quarter of 2025. The company expects to raise between €90 million and €110 million through the offering on the Budapest Stock Exchange.

Prime Holdings Group has completed the sale of its Łódź 1 project in Poland and the Science Park office complex in Budapest, Hungary. The combined transaction value exceeds €60 million.

Wing Group has signed an agreement with GTC to purchase a development site at 173-177 Váci Road in Budapest, covering more than 2.1 hectares. The company plans to build approximately 470 apartments and a 23,000 sqm office building as part of a mixed-use project on Hungary's largest office market area.

Duna House has reached another milestone in its international expansion, making Dubai's property market accessible to Hungarian and Central European clients for both investment and personal purchases.

From mid-October, László Csapó will take up the position of Director of Business Development at Danubius Hotels Zrt. His responsibilities will include the strategic and operational management of the group's expansion projects. He has more than twenty years of experience in hotel sales, asset management, and business development.

Globe Trade Centre has announced that its Supervisory Board has appointed Botond Rencz as President of the Management Board (Chief Executive Officer), succeeding Małgorzata Czaplicka, who led the company during the bond refinancing process and will continue to provide advisory support to the Chairman of the Supervisory Board on strategic matters. The new CEO will focus on strengthening collaboration across GTC's regional teams, completing the company's planned refinancings and divestments, and driving execution of the new mid-term financial plan to ensure stability, efficiency and long-term value creation.