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Baker & McKenzie acted as legal advisor to Raiffeisen Bank Zrt. in the transaction.
Situated in the center of Budapest’s historic District VII, the Seven Pearl project enjoys a prime location as it directly neighbors the majestic Great Synagogue, a UNESCO World Heritage Site.
Seven Pearl will consist of over 160 apartments and 10 retail units and is expected to be completed by the end of 2027.
“At the heart of every project by Polat Holding, both in Türkiye and abroad, is a commitment to adding value to the city, neighbourhood, and residents. We believe Seven Pearl can become a symbol of our development vision,” says Kaan Yücel, executive member of the board of directors, Polat Holding.
This financial partnership with Raiffeisen Bank provides a great advantage, enabling Polat Holding to safely bring our vision to life while creating lasting value for generations to come,” he notes.
“At Raiffeisen Bank, sustainability is a core commitment of our long-term strategy. We are dedicated to investing together with our clients in sustainable real estate projects that contribute to a greener and more responsible future,” says Ferenc Kementzey, deputy CEO, Raiffeisen Bank Zrt.
“This shared focus makes our cooperation with Polat Holding a particularly valuable opportunity, further strengthened by the recent financing of Seven Pearl,” he adds.
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