Tesco-Global Zrt is outsourcing several of its properties and merging operations into SKP Kft, which has been managing real estate estimated approximately Ft 200 million (about $1.15. million) This is standard practice for multinationals, as real estate tends to be sold at significantly higher prices if the buyer is Tesco. Six real estates will be outsourced in and around Budapest. The transaction will decrease Tesco’s property portfolio by 4%. (NG)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
