CPI modernizes its real estate developments
CPI Hungary Kft., the Hungarian subsidiary of CPI Property Group, will spend HUF 1.3 bln to modernize its existing real estate developments, the company announced in a press release today.
The buildings include Balance Building, Gateway Office Park, Budaörs Office Park, Arena Corner, Váci 188 Office Park, Airport City Logistic Park and Marriott Courtyard Hotel Budapest. According to the announcement, the modernization will begin with the Balance Building in September.
“The aim of CPI is to increase the value of its real estate and the reputation of the company on the market,” said Mátyás Gereben, general manager at CPI Hungary Property Group.
The report noted that the company owns eleven office buildings, four shopping centers, three hotels and one logistics park. The total managed assets of the company are approximately HUF 95 bln.
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.