ARTICLES LABELLED WITH TAG Indotek

Equilor Asset Management, owned by Hungarian developer BDPST Group, will buy the Sofitel complex which consists of a 4-star hotel and an adjacent office building, local news portal index.hu reports.

Hungary's BDPST Group is set to acquire Hotel Gellért in Budapest, located in the same building as one of the city's most famous spas, from Indotek Group. The price of the transaction was not disclosed. Indotek obtained the hotel in 2019, buying the property from Danubius Hotels Group, portfolio.hu reports.

Indotek Group has appointed an International Sales Director to support the company's growing international presence. The position will be held by András Kovács, the company's current Sales Director, who will continue to oversee sales in Hungary. Under the appointment, the specialist will be responsible for international office (non-retail), warehouse and logistics real estate sales and leasing activities. The new position was necessitated by the dynamic growth of the company's international real estate portfolio and ambitious expansion plans.

Hungarian property investor Indotek Group is extending its facelift program to its international retail portfolio, with the renewal of the nearly 50,000 sqm Promenada Mall in Romania. The company is carrying out the modernization of the shopping centre in Târgu Mureș in two phases. 

Indotek Group’s first large-scale residential project in Budapest, Buda Bright, was launched in March 2021 and is planned to be handed over at the end of next year. 

Hungarian investor Indotek Group has purchased the One Victoriei Center office building in central Bucharest as part of its expansion strategy for an undisclosed sum. 

The group entered the market with the acquisition of Le Masserie shopping centre in southern Sicily and a portfolio of 13 supermarkets, located mainly in Northern Italy. 

Most customers no longer visited shopping centres for traditional shopping purposes only, a non-representative survey conducted by Indotek Group revealed.

Hungarian Indotek Group has purchased Băneasa Business Center, located in the northern business center of Bucharest, with nearly 10,000 sqm of leasable space for an undisclosed sum. 

Hungarian investment and property management company Indotek Group has launched 16 energy efficiency projects with a total worth of €1.4 million (HUF 500 million) to modernize its shopping centres and office buildings.