Robertson Hungary acquires BNP Paribas Real Estate Hungary
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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.
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