POC buys out DAV from Premier Outlet Center

Pharma

DAV, owned by Raiffeisen Group, has sold its shares in Premier Outlet – considered to be Hungary’s leading outlet center – to co-owner POC Kft., according to a press statement sent to the Budapest Business Journal today.

Located in Biatorbágy, near the border of the capital, Premier Outlet is the biggest store center selling out-of-fashion products, showcasing more than 120 domestic and international stores, the press statement says.

“With the sale of Premier Outlet Center, DAV has completed the third-biggest real estate transaction this year,” Zsolt Horváth of DAV said. “We have lived with the opportunities provided by co-owning the facility, and the unified ownership as the result of the transaction provides a sufficient base for the further development of the facility,” he added.

ADVERTISEMENT

Hungary's GDP drop in 2020 slightly better than OECD total r... Analysis

Hungary's GDP drop in 2020 slightly better than OECD total r...

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

Gábor Király named managing officer of Dentons Budapest Appointments

Gábor Király named managing officer of Dentons Budapest

BKK introducing single digital tickets City

BKK introducing single digital tickets

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.