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REAL ESTATE review
Magyar Telekom HQ Inner court.
FINANCING TERMS AND CONDITIONS IMPROVING In general, finance is seen as more readily available on more favorable terms as there are four or five lenders active on the Hungarian market, competing to provide finance for what are considered to be the best projects. By Gary J. Morrell Obviously, it is developers with the best track records that are able to source finance on the most favorable conditions. Those established developers who utilize debt finance
on their projects have built up close relationships with lending banks. Horizon Development (through SZ8 Real Estate Development Investment Fund, owner of the Szervita Square development and 100% owned by
Horizon Development) has signed a financing agreement with UniCredit Bank Hungary for the development of the mixed-use, 15,000 sqm project. “As a leading bank in real estate finance, UniCredit is proud to be
