Top Real Estate EXECUTIVES In Hungary 2022
The most influential real estate executives in Hungary
RE
Top Real Estate EXECUTIVES
Content Uncertainty in the Office Market
6 7 12 17
Sustainability Issues now Central to the Development Cycle
21
Developments Expected to Contribute to Urban Environment
26
Investment Market Impacted by Political and Economic Concerns
31
HUNGARIAN REAL ESTATE Industrial and Logistics Boom Continues Hotel Sector Shows Potential for Resurgence
REAL ESTATE EXECUTIVE BIOGRAPHIES Géza Barabás Roland Bogár Zoltán Borbély Balázs Czár Gábor Décsi Robert Fischer Ferenc Furulyás Tibor Gasser Mátyás Gereben Miklós Gyertyánfy Zsuzsanna Hunyadi István Jászberényi Kornél Kalapács Valter Kalaus Tibor Karsai Lóránt Kibédi Varga Tamás Kricsfalussy Robert Kubinsky
In Hungary 2022
Csaba Zeley
72 74 76 78 80 82 84 86 88 90 92 94 96 98 100 102
REAL ESTATE LISTINGS
104
Tomasz Lisiecki Aurelia Luca
35 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70
Tibor Massányi John McKie Hubert Mühringer Gábor Nagy Gergely Pados Adorján Salamon Dr. Mihály Schrancz Noah M. Steinberg Ádám Székely Tibor Tatár Róbert Tilki László Vágó Ottó Vörös
Largest Category “A” office buildings in greater Budapest Facility Management Companies
Published in 2022 • EDITOR-IN-CHIEF: Robin Marshall • CONTRIBUTORS: Annamária Bálint, Csilla Lengyel, Robin Marshall, Gary J. Morrell, Bernadette Oláh • LISTS: BBJ Research (research@bbj.hu) • NEWS AND PRESS RELEASES: Should be submitted in English to news@bbj.hu • LAYOUT: Zsolt Pataki • PUBLISHER: Tamás Botka, Business Publishing Services Kft. • Address: Madách Trade Center, 1075 Budapest, Madách Imre út 13-14. • Telephone +36 (1) 398-0344, Fax +36 (1) 398-0345, • ADVERTISING: AMS Services Kft. • CEO: Balázs Román • SALES: sales@bbj.hu • CIRCULATION AND SUBSCRIPTIONS: circulation@bbj.hu • www.budapestbusinessjournal.com • ISSN 2786-2011
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105 114 H U F 5, 9 9 0 • E U R 18
TOP REAL ESTATE EXECUTIVES
Introduction and in some cases, finished goods) on top of inflation from Ukrainian factories closed down or bombed out and Russian factories under sanctions. The second issue is the shortfall in the labor force arising from the lack of Ukrainian workers who have returned home or been prevented from leaving if they are of military age. That amplifies a very Hungary-specific (though not sector-specific) problem, which is the lack of workers in general and skilled workers in particular. Hungary has near full employment, and rising wage inflation may mean there are better paid and less arduous jobs than clocking on at a building site. There is one other issue to consider, though it is tricky to quantify (and as a business publication, we do like to do that where we can), and that is the general disruption caused to the markets by the proximity of the war. Hungary has many geographical advantages, but right now, being a direct neighbor of Ukraine is probably not one of them. The fundamentals are still good, and investors can still find suitable products in which to sink their money (although a lack of investment-grade developments is a criticism you do hear), but it might require them to have a greater risk appetite than previously. These, then, are the issue we investigate inside to see how the Hungarian market is responding. Alongside that, you will also find our familiar listings of the top companies and the biographies of some of the most significant players. We hope you enjoy this publication and continue to find it useful.
From the moment the Budapest Business Journal launched 30 years ago (with the Book of Lists following that same year), business information has been an intrinsic part of our DNA. When we launched the “Top Executives” series of titles back in 2018, we kept that business data at its core but also wanted to introduce more of the human element, the personalities behind the professions. You hold in your hands the second annual edition of Top Real Estate Executives in Hungary, and it remains committed to those twin pillars of listings and people. But there is also a third crucial element: market editorial. It is one thing to say, in passing, that the environment is challenging and quite another to lay out what, exactly, the issues at hand are. For one thing, to describe the real estate market in Hungary as challenging might be selling matters short, although few of our business leaders seem particularly downbeat. We can start with inflation and rampant energy price rises, the latter also being a contributory factor to the former. To that heady brew, we can add supplychain disruptions, still recovering from the COVID-19 pandemic, and the growing need to be ever more ESG- and sustainability-compliant (to meet both market expectations and ever more stringent regulatory demands). None of these are unique to Hungary or real estate but are global factors. Knowing a problem is not sectoror geography-specific does not make it any easy to cope with, however. On top of that, there is the war in Ukraine, and all its implications, from the rising price of grain and sunflower oil to the genuine risk it is compounding food crises and poverty in Africa. Two factors, in particular, have a direct impact on Hungary. The first is the rising cost of raw materials
Robin Marshall Editor-in-chief Budapest Business Journal
4
Hungarian Real Estate
TOP REAL ESTATE EXECUTIVES
Industrial and Logistics Boom Continues The boom in the industrial and logistics sector is continuing unabated, as demand remains high and vacancy stands at a record low. Analysts see the logistics market in Hungary (and elsewhere in Central Europe) as the sector in the most favorable position in the postcoronavirus period given the background of geopolitical and economic concerns. By Gary J. Morrell Regarding development strategies, in the current high-demand, low-vacancy climate, many developers are constructing mostly built-to-suit facilities with an additional speculative element, with an eye on excess demand compared to the pipeline. Given the high demand and a relatively short lead-in period, others are perusing a more determinedly speculative development strategy. Established regional industrial developers and park operators such as Prologis, CTP, and VGP are active in the market in addition to national operators like Infogroup and NIPÜF (National Industrial Park Operator and Developer). Wing has been joined by HelloParks (part of the Futureal Group) and ConvergenCE in this increasingly attractive market sector. This reflects the view that the logistics sector has gone through structural changes concerning demand and the need for more efficient delivery systems. Development activity is also extending to Hungarian regional logistics hubs outside of the Greater Budapest area, as is the development model elsewhere in Central Europe. As with other market sectors, tenant and staff demands are changing; developers and operators are delivering more highly specified and sustainable products that address issues such as the working environment, the need for more sustainable energy use, and increasingly stringent international environmental regulations.
Airport City Logistic Park, acquired by Wing.
to 3%, according to Cushman & Wakefield. Furthermore, 2001 was a record year with net absorption of 320,000 sqm. In all, 13 new industrial buildings were delivered to the Greater Budapest market last year. The consultancy has traced 340,000 sqm of space planned for delivery in 2022 in the Greater Budapest area, with a further 88,000 sqm already scheduled for 2023. “Both the significant amount of new supply arriving on the market and the high proportion of prelease transactions in the take-up demonstrate the continued developer and tenant appeal to the market,” says Cushman. Total modern industrial stock in the Budapest area stands at about 2.8 million sqm, according to the Budapest Research
RECORD ABSORPTION Industrial demand reached around 630,000 sqm, representing a 15% increase on the previous year and a vacancy rate of close
“Both the significant amount of new supply arriving on the market and the high proportion of prelease transactions in the take-up demonstrate the continued developer and tenant appeal to the market.”
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TOP REAL ESTATE EXECUTIVES
Hotel Sector Shows Potential for Resurgence Go back a couple of years, and developers, investors, and operators saw strong potential for the hotel sector set against a background of rising tourist numbers and hotel occupancy rates well above 80% for Budapest. However, since then, the hospitality market has been hit hard across the region by coronavirus and now the impact of the war in Ukraine. The Drechsler Palace will become the W Budapest.
By Gary J. Morrell Further issues include rising inflation and interest rates, increasing operational costs, and the expectation for everstricter ESG regulations for hotel owners and operators. From a demand perspective, Budapest could return to pre-pandemic levels of around 12 million annual visitors by next year, according to figures presented by the hospitality consultants STR at HOTCO 2022 (the Hotel Investment Conference for CEE & Caucasus) at the Kempinski Hotel Corvinus Budapest at the end of May.
As a walk around the historical center of Budapest reveals, individual tourists have returned, mainly from Western Europe. However, Southeast Asian tourists are lacking. Large tourist groups visiting Budapest are notable by the absence, although some hoteliers are now reporting the return of river cruise groups from the United States. Further, a recovery in business travel has not occurred. Growing concerns over the environmental impact of air travel and the ability to conduct business online, as was enhanced during the lockdown, mean significant questions remain as to whether business travel will return to pre-pandemic levels. The MICE (Meetings, Incentives, Conferences, Exhibitions) sector is expected to recover even more slowly; large-scale events, once canceled, take a long time to re-arrange. Despite the perceived complexities of hotel projects in comparison with the more established market sectors, Budapest and Hungary, in general, have attracted developers and investors from the more traditional commercial property sectors seeking long-term partnerships ranging from longterm leases to franchise agreements with hotel operators for the day-to-day operation of the projects. A large number of hotel projects are at various stages in the preparation and construction process in Hungary, although pipelines are difficult to estimate, and schedules have a tendency to slip in the current uncertain market environment. Indeed, several projects have been put on hold with no new delivery dates announced. Even so, the pipeline appears to remain strong, and more hotel investment discussions are expected to restart. Hospitality consultancy Horwath HTL has an estimated 2022 pipeline for Budapest of six hotels totaling 490 rooms and 10 hotels constituting 1,474 rooms for next year. The total pipeline between now and 2026 is put at 32 hotels with a total of 4,418 rooms. “The hotel pipeline is a very fluid number, and it is very difficult to judge how many of the projects will materialize. This is due
12
TOP REAL ESTATE EXECUTIVES
Uncertainty in the Office Market There is little risk of oversupply in the Budapest office market with restrained delivery in recent years from a relatively small pool of established developers, according to many analysts. That said, a reconsideration of working habits and time spent in the office, and the broader economic considerations caused by the geopolitical environment, raise questions about the amount of demand there will be to meet supply.
The Budapest One Business Park by Futureal.
By Gary J. Morrell In this challenging market environment, it seems certain substantial preleases will be required before a developer can acquire finance and start construction. Even so, financing on relatively favorable terms is still available for well-located, good-quality projects. However, there is expected to be less speculative development. At the same time, developers and office owners need to reconsider the conceptualization and design of office projects to meet the changing specifications of tenants and their staff and for implementation of the sustainability measures necessary for a project to be successfully leased, and to offer an exit strategy with a sale to an investor. Analysts consider that the new hybrid work pattern of three or four days in the office and one or two days in the home environment is now the new norm in the postpandemic environment.
“The new post-COVID office must be more attractive and more effective than working from home. Different aspects can contribute to this, including design, comfort, flexibility, technical equipment, and the people you work with,” comments Tamás Ádány, business development director at Horizon Development. “This approach is completely different from what we had two years ago. Most companies now see the office as a community space where colleagues can meet, form joint ideas, and become a team,” he adds. Hubert Abt, CEO & founder of New Work Offices, agrees that office use trends are changing. “By implementing hybrid workplace strategies, more corporations are switching their work policies from an office-centric to a human-centric approach. As a consequence, the headquarters of the company will not be the main place of work anymore; it will be a place for collaboration and meetings,” he argues.
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Sustainability Issues are now Central to the Development Cycle Accreditation from an independent, third-party sustainability organization such as the U.K.-based BREEAM or the U.S.-based LEED and, increasingly, WELL, is now the norm for the entire lifecycle of a development project from conception to design
Graphic by buffaloboy / Shutterstock.com
to leasing to property management and, finally, an exit strategy.
By Gary J. Morrell This is already evident in the office market and increasingly also in logistics and other sectors, not least driven by the rising importance of environmental, social and governance issues and EU Taxonomy. “Sustainability, environmental and social adequacy are more and more important for developers, tenants, investors, banks, and individuals. ESG reports and the related advisory services are starting to become a growing business, but what really matters, in my opinion, is not necessarily the report itself, but the adaptation and implementation of those progressive ideas,” comments Tamás Ádány, business development director at Horizon Development. As much as 47% (some 1.5 million sqm) of class “A” office stock in Budapest is accredited by a third-party sustainability organization, according to consultancy KPMG. This is expected to soon rise to 50%, given the standard of the Budapest pipeline.
“It is not conceivable that a real estate fund would buy an office project that is not sustainability certified. Further, most new buildings are occupied by companies operating in the global market and, therefore, need to locate in sustainability classified buildings,” said Pál Dános, head of real estate advisory and business at KPMG Hungary. “This situation could easily be transferred to the logistics sector, as it is attracting investors, buildings are less complex than offices, and therefore savings on energy are easier to achieve. Branding through sustainability accreditation is an advantage in addition to savings on energy consumption,” he added. BECOMING THE NORM “I would say that sustainability aspects must become the norm in all built environments; without the active promotion, integration and application of a holistic and systematic sustainability approach, our ambitious targets related to CO2 emission reductions and mitigation of climate change effects
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TOP REAL ESTATE EXECUTIVES
Developments Expected to Contribute to Their Urban Environment The expectations for modern office, hotel, and other commercial developments is that they should be in an urban area with immediate access to amenities and public transportation links and provide a reciprocal benefit to the project and its surroundings. By Gary J. Morrell It is thus seen as highly important to evaluate a development at the community level and not just as a stand-alone commercial project, according to analysts. At the same time, office and hotel users have increasingly sophisticated expectations from the environment where they are workers or customers. Taking all these factors into consideration, exterior and interior design and planning have increasingly become part of the same process, rather than stand-alone stages Office design must consider the look and feel of the structure as well as the internal atmosphere and layout, hygiene, and how wellbeing can impact staff retention. Interiors have thus been integrated into the concept, design, leasing strategy, and property and facility management of office projects in response to constantly developing tenant and staff demands. With developers striving to deliver ever more highly-specified and sustainable office complexes, interior and exterior design, in partnership with sustainability, have essentially become part of the same process. The emphasis is ever more placed on communal areas, collaborative spaces and meeting rooms.
All these processes have fundamentally changed the look and style of offices, as owners and developers have been forced by changing tenant and staff demands and raised expectations to respond rapidly to the challenges of the postpandemic environment. “We have to offer a unique and smooth user experience with inviting community areas and innovative, smart, touchfree solutions, especially as offices’ role in regard to HR continues to gain weight,” says Csaba Zeley, managing director of ConvergenCE. “It is important to make employees feel welcome, to draw them back [to the office] and keep them attracted. Office experience has become a crucial part of employee branding and an employee’s package,” he adds. With the increasing attractiveness and sophistication of newly delivered class “A” offices when it comes to design and the provision of amenities, research indicates that the office is still seen as an attractive workplace location despite pandemic concerns, although staff require changes in setup and design. WORKPLACE PREFERENCES According to “Evolution of Working Condition Needs in the Face of Pandemic,” a study by regional developer Skanska
“These expectations will transform the approach to managing office buildings with a growing focus on hospitality aspects. Therefore, we are heading towards high-quality spaces with maximum flexibility as only the most outstanding buildings will be able to attract companies and fulfill their needs.”
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TOP REAL ESTATE EXECUTIVES
Investment Market Impacted by Political and Economic Concerns Hungary is seen as having a pipeline of asset-grade products able to meet investor demand, particularly in the office and industrial sectors. The market is regarded as an attractive investment destination by investors, offering a significant yield premium on Western Europe and also Poland and the Czech Republic.
The Ericsson headquarters by Wing, purchased by GTC.
By Gary J. Morrell The limited availability of existing investment-grade products continues to be an obstacle to market growth, despite those robust development pipelines. However, with a substantial amount of domestic and international capital looking for a home, market players would undoubtedly consider investing if the right asset or platform were available and the global situation improved. Poland continues to dominate Central and Eastern European investment volume, with the lowest yields in the
region along with the Czech Republic, although differing profiles are available to investors if the right product can be sourced. Péter Számely, executive director of real estate finance at Hypo Noe Landesbank, argues that the availability of products at the right price is always an obstacle in smaller, highly sought-after markets like Hungary and the Czech Republic. Poland, with a markedly larger market and supply pipeline, is less of an issue in this regard. Colliers recorded the investment volume for 2021 at around EUR 10-11 billion from what it calls the Central European-6 (Bulgaria, the Czech Republic, Hungary, Poland,
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Real Estate Executive Biographies
Real Estate Listings
Largest Category “A” Office Buildings in Greater Budapest
1
ARÉNA BUSINESS CAMPUS arenabusinesscampus.hu
66,984 71,859
9
500 5
32 908
2
BUDAPEST ONE www.futurealgroup. com/hu
66,299 8 107,424
350 5
28 894
3
AGORA BUDAPEST agorabudapest.com
65,000 20 126,500
818 10
A 1,100
4
TÓPARK BE MY CITY www.topark.hu
55,000 4 220,000
150 5
81 3,000
5
HUNGÁRIA OFFICE PARK hungariaofficepark.hu
38,375 3–6 A
50 3
10 475
6
LIBERTY IRODAHÁZ www.libertyirodahaz.hu
38,316 67,827
1,200 5
18 662
7
MILLENNIUM GARDENS millenniumgardens.hu
37,000 11 38,500
500 5
8
CENTERPOINT www.centerpoint.hu
36,916 40,900
8
9
GATEWAY OFFICE PARK www.gatewaybc.hu, www.cpipgroup.hu
35,900 50,800
9
9
OWNERSHIP (%) HUNGARIAN NON-HUNGARIAN
INDEPENDENT POWER SUPPLY
BICYCLE PARKING
WASTE RECYCLING
LEASING AGENT, WEBSITE
BANK BRANCH/ATM
IN-HOUSE FACILITY MANAGEMENT
SUITABLE FOR DISABLED PEOPLE
GREEN ENVIRONMENT
24-HOUR RECEPTION AND SECURITY SERVICES
WELLNESS AND SPORT SERVICES
RESTAURANT/CAFÉ
NATURAL LIGHT AND AIR VENTILATION
GREEN TECHNOLOGIES
SERVICES
CURRENT MAJOR TENANTS
AVERAGE MONTHLY RENT ON APRIL 1, 2022 (EURO/SQM) AVERAGE MONTHLY SERVICE CHARGE ON APRIL 1, 2022 (EURO/SQM)
NO. OF ELEVATORS NO. OF PARKING SPACES
NO. OF LEVELS MINIMUM LEASABLE OFFICE SIZE (SQM) MINIMUM LEASE TERMS (YEARS)
COMPANY WEBSITE
NET OFFICE SPACE (SQM) TOTAL GROSS BUILDING AREA (SQM)
RANK
RANKED BY NET OFFICE SPACE
ADDRESS PHONE EMAIL
CBRE, Hungária www.cbre.hu; 1087 Budapest, Cushman & Greens Kft. Hungária körút 30. ✓ ✓ ✓ ✓ (1) 785-5208 Wakefield, (100) info@atenor.hu cushmanwakefield. – com 1112 Budapest, Futureal Balatoni út 2/A – (1) 266-2181 ✓ – ✓ ✓ ✓ ✓ – ✓ ✓ ✓ ✓ (100) info@ – futurealgroup.com
Cargill, 15–16 Heineken, Berlin ✓ – ✓ ✓ ✓ ✓ – 1,200 HUF Chemie
A A
A
A A
AppinGym, Barber Shop Agora, B+N, bp, DKF, DM, Huawei, Manna, Nowy Styl, Qubes, Raiffeisen, Relay, Stada
A A
A
✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓ ✓
–
–
HB Reavis Ingatlan ✓ ✓ ✓ ✓ fejlesztési Alap (100) –
✓ ✓ ✓ ✓
(100) –
1133 Budapest, Árbóc utca 1–3. (1) 238-0359 hungary@ hbreavis.com
2051 Biatorbágy, Sasbérc út 1. (1) 382-7560, (70) 370-6666 meszarosg@ topark.hu
Gladiátor III Ingatlan 1143 Budapest, Gizella út 51–57. – ✓ ✓ ✓ – Befektetési (1) 451-4280 Alap (100) sales@wing.hu – Gladiátor Cushman & 1097 Budapest, Wakefield VII. Ingatlan Könyves Kálmán Kft., körút 34. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Befektetési (1) 451-4760 cushmanwakefield. Alap (100) sales@wing.hu com –
Siemens, 12 TÜV Rheinland, ✓ ✓ ✓ ✓ ✓ ✓ ✓ 1,250 HUF TK Elevator, Sysdata 15.75– 16.75 4.50
A
12 576
17.50 5
Henkel, MSD Pharma (MERCK), Provident, Fressnapf, EGOFIS, KANTIN
500 5
16 580
15.50 5.67
Honeywell, Ecolab
250 5
4+3+3 425
12.50– 13.50 1,390 HUF
A
✓ – ✓ ✓ ✓ ✓ –
Colliers, CBRE
– ✓ ✓ ✓
– Revetas Capital (100)
✓ ✓ ✓ ✓ ✓ ✓ ✓
CBRE, Cushman & Wakefield
✓ ✓ ✓ –
A A
✓ ✓ ✓ –
– CPI Property Group (100)
✓ ✓ ✓ ✓ ✓ ✓ –
105
–
1095 Budapest, Lechner Ödön fasor 10/B (20) 950-2585 dmakk@ trigranit.com 1139 Budapest, Váci út 81–83. (1) 412-3680 leasing@gtc.hu 1138 Budapest, Dunavirág utca 2–6. (1) 225-6600 hungary@cpipg. com
TOP REAL ESTATE EXECUTIVES
Facility Management Companies
NEO PROPERTY 1 SERVICES ZRT. neopropertyservices.hu
25,364
25,243
FUTURE FM 2 CÉGCSOPORT www.future-fm.hu
13,705
13,705
CBRE GLOBAL 3 WORKPLACE SOLUTIONS KFT. www.cbre.hu
13,466
A
4
KRAFT FM ÜZEMELTETÉSI ÉS 6,775 SZOLGÁLTATÓ KFT. www.kraft-fm.hu
DOME FACILITY 5 SERVICES KFT. www.dome.hu
SMARTFM INGATLANÜZEMELTETŐ 6 KFT. www.smartfm.hu
7
RUSTLER KFT. www.rustler.hu
ADDVAL KFT. 8 addvalgroup.com
NR
ATALIAN GLOBAL SERVICES HUNGARY ZRT. www.atalian.hu
B + N REFERENCIA IPARI, KERESKEDELMI NR ÉS SZOLGÁLTATÓ ZRT. www.bplusn.hu NR
INFORG ZRT. www.inforg.hu
A = would not disclose, NR = not ranked, NA = not appliacable
5,844
2,061
1,058
50
A
5
A
Magyar Telekom Nyrt., 18 27 MOL Nyrt., ✓ ✓ – ✓ – ✓ ✓ ✓ ✓ ✓ ✓ WING Zrt., MÁV Zrt.
A
Budapest Airport Zrt., Schwarzmüller Járműgyártó és Kereskedelmi A ✓ – Kft., Samsung Magyarország Kft., Givaudan Hungary Kft.
– ✓ ✓ ✓ –
–
–
–
1998 583
OWNERSHIP (%) HUNGARIAN NON-HUNGARIAN
YEAR ESTABLISHED NO. OF FULL-TIME EMPLOYEES ON APRIL 1, 2022
ENERGY MANAGEMENT, ENERGY AUDIT
TAKING OUT INSURANCE POLICIES
COLLECTION OF PUBLIC UTILITY FEES
CONSTRUCTION MANAGEMENT
HOUSE ORDER PREPARATION
OPERATION
REAL ESTATE DEVELOPMENT
MAINTENANCE
FINANCE MANAGEMENT
INFRASTRUCTURAL SERVICES
MAJOR CLIENTS IN 2021
TECHNICAL SUPERVISION
SERVICES
OTHER (%)
LOGISTICAL AND TRADE FACILITIES (%)
INDUSTRIAL FACILITIES (%)
OFFICE BUILDINGS (%)
PORTFOLIO NET REVENUE FROM FACILITY MANAGEMENT IN 2021 (HUF MLN)
COMPANY WEBSITE
TOTAL NET REVENUE IN 2021 (HUF MLN)
RANK
RANKED BY TOTAL NET REVENUE IN 2021 (HUF MLN)
TOP LOCAL EXECUTIVE CFO MARKETING DIRECTOR
ADDRESS PHONE EMAIL
1095 Budapest, Máriássy utca 7. AKKO Invest László Vágó (1) 299-2150 Nyrt. (100) Tamás Giller sales@ – György Veres neopropertyservices. hu
–
1991 A
(100) –
Zoltán Mikó Zita Surányi –
1148 Budapest, Fogarasi út 5. (1) 468-4080 info@future-fm.hu 1097 Budapest, Gubacsi út 6 b/1. (1) 919-0554 hungary.gws@ cbre.com
41 43 16
–
✓ ✓ – ✓ – ✓ – ✓ –
– ✓
2010 215
– Relam Amsterdam Holdings B.V. (100)
6,418
30 45
AUDI, BOSCH, 20 Erste Ingatlan, ✓ ✓ ✓ ✓ – ✓ ✓ ✓ – Budapart
– ✓
2007 225
István István Jászberényi Jászberényi (100) István Ádám – Zoltán Hock
4,675
25 50 25
AUDI, Futureal, Coca-Cola, ✓ – ✓ ✓ ✓ ✓ – ✓ – Eston
– ✓
2003 A
(100) –
– ✓
2012 67
András Sólyom (50), Gergely Lacsny (50) –
– ✓ – ✓
2008 68
1016 Budapest, – Tibor Karsai Hegyalja út 7–13. Rustler (1) 434-2690 Edina Szántó Gruppe budapest@rustler. – GmbH (100) eu
✓ – ✓ ✓ – ✓ ✓ ✓ ✓ ✓ –
2001 35
2,061
A
67
4
80 10
5
–
A
White Star Real Estate Kft., ESTON 19 10 International Kft., Dorottya Udvar Holding Kft., ERSTE IFHM Kft.
– ✓ ✓ ✓ – ✓ – ✓ –
–
✓ ✓ ✓ ✓ – ✓ –
10
A
Robert Fischer – –
1139 Budapest, Pap Károly utca 4–6. (20) 250-7469 info@kraft-fm.hu
1023 Budapest, Lajos utca 28–32. István Molnár (1) 423-0000 Attila Demeter info@domefsg.hu
Gábor Décsi
András Sólyom Péter Farkasházi –
Hubert Mühringer
1143 Budapest, Gizella út 51–57. (1) 471-2020 noemi.makkai@ smartfm.hu
1077 Budapest, Wesselényi utca 16. (1) 479-6020 office@ addvalgroup.com
813
A
100 –
–
–
UNICEF, DPD, Borsodi Sörgyár, BKK
A
A
A
A
A
A
A
✓ ✓ – ✓ – ✓ ✓ ✓ –
– ✓
2008 360
Levente – Atalian Mihály Velky Europe S.A. – (100) –
1138 Budapest, Váci út 191. (1) 231-4020 info@atalian.hu
A
A
A
A
A
A
MOL, OTP, Yettel, Budapest Airport
✓ ✓ – ✓ – ✓ – ✓ –
–
–
1993 6,449
Individuals (100) –
Ferenc KisSzölgyémi
3644 Tardona, Katus domb 1. (30) 670-8752 iroda@bnref.hu
A
A
A
A
A
A
A
A A A A A A A A A A A
2004 63
Lexholding Befektető Zrt. (100) –
(100) –
Erika Puskás Rita Szabó
– –
János Juhász – –
1027 Budapest, Csalogány utca 23. (1) 457-6740 inforg@inforg.hu
This list was compiled from responses to questionnaires received by May 4, 2022, and publicly available data. To the best of the Budapest Business Journal’s knowledge, the information is accurate as of press time. The list is based on companies’ voluntary data submissions. While every effort is made to ensure accuracy and thoroughness, omissions and typographical errors may occur. Additions or corrections to the list should be sent on letterhead tothe research department, Budapest Business Journal, 1075 Budapest, Madách Imre út 13–14, or faxed to (1) 398-0345. The research department can be contacted at research@bbj.hu
