Robertson Hungary acquires BNP Paribas Real Estate Hungary

Deals

Image by nitpicker / Shutterstock.com

Property consultant Robertson Hungary has acquired peer BNP Paribas Real Estate Hungary, according to a report by state news wire MTI.

Robertson Hungary sells and leases office, retail, hotel, industrial, and logistics properties and provides valuation services. BNP Paribas Real Estate Hungary provides property management and project and financial management services.

The value of the transaction was not revealed. 

BNP Paribas Real Estate Hungary is fully acquired by Robertson Hungary and will continue operations under the name Robertson Property Management.

Robertson Hungary's orders include around 200,000 sqm of office space while BNP Paribas Real Estate Hungary currently manages 260,000 sqm of office, retail and industrial properties in Hungary. 

The company has been part of the international network of BNP Paribas Real Estate since 2013.

Robertson Hungary had revenue of HUF 336.8 mln in 2019.

BNP Paribas Real Estate Hungary had revenue of HUF 528.8 mln last year.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.