ADVERTISEMENT

Indotek acquires shopping malls from Klépierre

Drinks

Wikipedia

Hungaryʼs Competition Office (GVH) has cleared the acquisition of a number of shopping malls owned by Franceʼs Klépierre group by the Hungarian-American Indotek Group, a resolution posted on the GVH website shows, state news agency MTI reported.

The Duna Plaza mall (photo: Wikipedia)

Forbes Magazine Hungary said the GVH approved the acquisition of the Klépierre units that own the Corvin Plaza and Duna Plaza in Budapest, as well as the Győr Plaza and Miskolc Plaza, in the northwest and northeast of the country, respectively.

Forbes noted that Indotek acquired the Alba Plaza in Székesfehérvár (SW of Budapest) and the Nyír Plaza in Nyíregyháza (NE Hungary) from Klépierre earlier in the year. 

Indotek has made a number of high-profile purchases recently, including the non-performing commercial real estate loans of MKB Bank and the landmark Hotel Gellért in Budapest. Indotek is majority owned by its CEO, Dániel Jellinek.

ADVERTISEMENT

Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.