Wallis Real Estate wins tender
Friday, July 1, 2005, 07:09
Wallis Real Estate Rt, a property developer owned by Hungarian investors, has won a tender to convert an old tobacco factory in Eger (NE Hungary) into a recreation center, MTI-ECO reported. The City Council of Eger picked Wallis from ten applicants for the project yesterday. The factory, which was shut down by Philip Morris at the end of last year, will be turned into a recreation center, complete with a supermarket, restaurants, a cinema, a fitness club, a bowling alley and a hotel. Wallis Real Estate will also build a 500-space underground parking garage for the center. János Geró, deputy director of Wallis Real Estate's investment division, would not reveal how much the project is expected to cost.