ARTICLES LABELLED WITH TAG OTP

04
May
2021

OTP Real Estate Fund Management appoints new CEO

by Property Forum
Gergely Biró is the new CEO of Hungary’s OTP Real Estate Fund Management. The aim of the change is to further increase the fund manager's share in the domestic market with new, innovative investment solutions following the consolidation of the portfolio and to enter the regional markets with its products in the coming years.
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10
Mar
2021

OTP provides €63 million loan for Budapest resi project

by Property Forum
Hungarian lender OTP Bank is providing the largest project financing loan to date for the development of the Duna Terasz Grande apartment complex in Budapest. According to the financing agreement signed recently, OTP provides a HUF 23 billion (appr. €62.8 million) loan for developer D&B Ingatlanfejlesztő-Group. The 790-apartment project is the largest waterfront residential development in the 13th district. It will be handed over in 2023.
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05
Nov
2020

OTP Bank grants €1.8 million loan to Romanian logistics operator

by Property Forum
Hungarian lender OTP Bank has granted a RON 8.9 million lei (€1.8 million) loan to Romanian logistics operator Rara Invest. The company is using the funds for the expansion of its Sura Mica industrial park in Sibiu.
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20
Jul
2020

OTP Bank provides €25 million loan for Sofia office project

by Property Forum
Law firm Kinstellar has successfully represented OTP Bank and its Bulgarian subsidiary, DSK Bank, in negotiating a €25 million loan for the construction and operation of Balkan Business Center, a major office complex in Sofia.
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19
May
2020

Market completes structure of new OTP building in Budapest

by Property Forum
The structure of OTP Bank's new office building in Budapest has been completed by developer Market Építő Zrt. The seven-story office building, which is being built in the 13th district, in the immediate vicinity of OTP Bank's existing office park, will be home to 3,000 employees once construction is complete in end-2021.
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18
May
2020

Indotek and OTP funds buy into Appeninn

by Property Forum
BDPST Zrt.’s holding in asset management firm Appennin has dipped below 5 percent as investment funds managed by the Indotek Group and the OTP Group purchased a significant stake in the company. During the over-the-counter transaction, Indotek Group acquired a 24 per cent stake from BDPST Zrt.
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26
Sep
2019

Futureal sells one more office building to OTP Real Estate Fund

by Property Forum
As part of the largest ever transaction on the Hungarian office market, Futureal Group has sold the fifth office complex developed on Corvin Promenade to OTP Real Estate Investment Fund. Through this transaction, OTP Prime Real Estate Investment Fund has now acquired the Corvin Technology Park office building from the group. Following the sale, the office portfolio of real estate funds managed by OTP Real Estate Investment Fund Management Ltd. will offer nearly 100,000 square meters on Corvin Promenade.
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23
Sep
2019

OTP Real Estate Fund buys Budapest office building

by Property Forum
OTP Real Estate Investment Fund has acquired the 26,000 sqm Roosevelt office building in central Budapest. The seller was Munich-based GLL Real Estate Partners (GLL).
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10
Jan
2019

OTP rumoured to buy €250 million Ljubljana real estate project

by Property Forum
Hungarian bank OTP reportedly plans to purchase the largest real estate project from Gránit Pólus in the Slovenian capital through the acquisition of project development companies, according to local media. The Emonika project, valued at €250 million, would see the construction of 196,000 sqm of office, retail, residential and hotel space.
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03
Dec
2018

Futureal sells Budapest office portfolio to OTP Group

by Property Forum
Futureal Group has sold its portfolio of Corvin office buildings to real estate funds managed by OTP Real Estate Investment Fund Management. The recently closed transaction involves all of the operating office buildings built as part of Corvin Promenade, as well as two currently being constructed. The total of eight Class A buildings offer a combined GLA of nearly 80,000 square meters.
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Latest news


New leases

  • Westinghouse Electric Company will occupy a space of over 1900 sqm in the Zabłocie Business Park B office building in Kraków. JLL represented the tenant during the contract negotiation process.
  • Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
  • 108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.

New appointments

  • Spaceflow, a tenant experience company, appoints Ken Norton as its Vice President of Sales. Among Norton’s goals is to accelerate the growth of its client base, while scaling Spaceflow's sales team in their international markets and optimizing the sales processes. Norton joined Spaceflow after three years as Head of Sales at LandInsight, now Landtech. Prior to joining LandInsight, he was in Business Development at Estates Gazette.
  • Benoit Lheureux will replace Gerard Gallet as a CEO of Auchan Polska. Gerard Gallet will remain a Member of the Board.
  • Tomasz Łapiński, former CFO of Cordia Poland, has returned to the company as Development Director and Vice President. He will be responsible for strengthening Cordia's position in Poland, its development and further integration with Polnord.


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