ADVERTISEMENT

Biggeorge lauches property fund

Deals

Real estate firm Biggeorge’s Group has been granted approval by the State Financial Supervisory Authority (PSzÁF) to launch the Biggeorge’s-NV 1. Property Development Fund, , which has been applauded by business daily Napi Gazdaság as an “exciting investment option” that is predicted to attract investor attention with its unusual features.

For one, the new investment vehicle will stand out as one of a few public real estate development funds in Hungary, where most property funds specialize in sale and lease, as opposed to development. Moreover, the fund will be launched through an issuance program, which has not yet become a popular option for securities other than bonds or mortgage bonds. PSzÁF also approved the shares of the new fund for trading at the Budapest Stock Exchange (BÉT), with CIB Bank Zrt acting as primary dealer. (Napi Gazdaság)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.