Qatar buys villa on Andrassy út for embassy
The State of Qatar has bought the former villa of Hungary's Dignitary Protection Service situated on the capital's posh Andrássy út for approximately HUF 1 bln, the National Asset Management Company (MNV) reported today.
The property was put on auction several times, unsuccessfully, prior to this acquisition. Qatar will reportedly use the property for its embassy to Hungary.
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.