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.

Indotek Group continues its international expansion in Greece, entering the Athens real estate market with the acquisition of a three-star, 124-room hotel. The Oscar Hotel Athens is the Group's first acquisition in Greece, adding more than 6,000 square meters of space to its international real estate portfolio. The company's aim is to ensure that the hotel, which is currently closed, can reopen as soon as possible following a complete renovation, thus enabling it to be put to good use. With this acquisition, Indotek Group further strengthens its international real estate position in Greece and Southeastern Europe.

Indotek Group has completed the acquisition of 11 office buildings in 5 business parks in Belgrade from GTC. With the closing of one the recent years’ largest transactions in CEE, Indotek Group has further strengthened its position in the regional real estate market and is now present in 12 countries.

Hungarian Indotek Group is in advanced negotiations to purchase the office building One Victoriei Center in Bucharest. 

Indotek Group has modernised three of its malls, Szeged Plaza, Kaposvár Plaza and Szolnok Plaza, for nearly HUF 2 billion. The property group began its shopping mall renovation programme with the aim of creating buildings even more in line with the needs of tenants and shoppers by modernising the external façades and interior spaces. The three updated malls now await visitors with a modern exterior, a new environment, and new stores and services.

Indotek Group, a holding of Hungarian businessman Dániel Jellinek, could become a minority investor in the companies that own the Auchan stores in the country.