ARTICLES LABELLED WITH TAG Hungary

Wing has signed a strategic cooperation agreement with Alteo Group for the supply of clean energy for industrial projects throughout 2026. 

Czech real estate developer Urban Developers and Investors Ltd. Group (UDI Group) is making its first investment in Hungary, in a Budapest-based residential project. 

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

Property investments in CEE have accounted for 6% of the total volume recorded across Europe, during 2024, to around €7.7 billion, according to estimates by Cushman & Wakefield.

B+N Referencia Zrt., present in eight CEE-based markets, has signed an agreement to acquire a controlling stake in Koberl Group, the leading facility management and building services provider in Germany. The transaction is expected to close in Q1 2025. 

Kálvin Square office building, managed by ConvergenCE, has achieved a near-record 99 percent lease occupancy.

Gránit Asset Management has completed the purchase of the historical Exchange Palace building in Budapest, from private investors, for an undisclosed sum.

Skanska has started the development of the second office building of the H2Offices complex in Budapest.

Hungary's Indotek Group completed the acquisition of a stake in Auchan's domestic hypermarket business over the weekend. In addition to the 47% stake in the retailer, the real estate investor will also take over the operational management of the Auchan chain. The competition authority has already approved the acquisition, Indotek said.

UDI Group is starting construction in another European market, Hungary after the new year. The mixed-use Parkside project in Budapest is planned near Váci Road with apartments and a hotel for medium and long-term accommodation.