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Orco buys more Bp property

Luxemburg-incorporated property management and operation company, Orco Property Group has bought five Budapest estates, including the palace housing the Hungarian Stock Exchange (BÉT), two banks, a parking lot and one apartment hotel from Israeli company, Oref Brothers, Világgazdaság reports. Orco regards the acquisitions as a sign of trust in the Hungarian market and is preparing for further expansion, among others, in the field of luxury homes, and quality office buildings serving as headquarters to companies.