Olimpia to build €110 mln Budapest apartment complex

Sustainability

Olimpia Group, the Hungarian unit of Nanette Real Estate Group NV, will build a €110 million residential complex along the Danube in Budapest, Bloomberg reported citing managing director Tamir Kishon.

Olimpia, which has already purchased the 75,000 square meter land together with Lehman Brothers Holdings Inc., will build the 1,800 homes over the next four years. Nanette, which is based in Amsterdam, builds homes in Hungary and Poland. The company sold ₤10 million of shares to the public and listed its stock on London's Alternative Investment Market in June.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.