DeTeImmobilien wins tender to manage Mol properties

DeTeImmobilien Hungary Zrt (DTIH), a joint venture between Deutsche Telekom AG's property management company DeTeImmobilien (51%) and Hungarian real estate company Wallis Zrt (49%), has won a tender to manage properties of Hungarian oil and gas company Mol Nyrt in regions in the southeast and west of Hungary, the company announced on Tuesday.
DTIH will manage more than 700 properties, comprising 300,000 square meters of building space and 2 million square meters of land, for three years under the contract. DTIH already managed Mol's properties in southeast Hungary before the bid.
DTIH said it also manages facilities for Wallis, TVK Nyrt, Inter-Európa Bank Nyrt and the Akron Group, and is leading the market.
ADVERTISEMENT
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.