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)
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