Change in Hungarian management at S IMMO AG

Deals

As of March 1, 2018, Géza Barabás will head the subsidiary in Budapest of Austrian real estate investment firm S IMMO, and hence be responsible for the Hungarian portfolio management, according to a press release received by the Budapest Business Journal.

Barabás was employed over the last five years at Porreal Ingatlankezelési Kft., where his position as managing director encompassed the responsibility of managing a portfolio including 20 office buildings, industrial estates, and hotels. He successfully led a team of 50 members. Before this period, he gained experience as head of property management and CFO at First Facility Ingatlankezelő Kft.

As CEO, Barabás will be in charge of managing the assets and properties of the Hungarian portfolio holding. Katalin Sermer, who has been leading S IMMO Hungary since 2005, will support him up to the beginning of 2019. Until her retirement effective from January 31, 2019, Sermer will perform an advisory function.

ADVERTISEMENT

Czech Economic Confidence Weakens in February Analysis

Czech Economic Confidence Weakens in February

Parliament Elects Sulyok as New Hungarian President Parliament

Parliament Elects Sulyok as New Hungarian President

PwC Hungary to Introduce 4-day Summer Working Week HR

PwC Hungary to Introduce 4-day Summer Working Week

Diversity in Focus at AmCham Hungary's HR Dream Day Conferences

Diversity in Focus at AmCham Hungary's HR Dream Day

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.