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Property developer pays Ft 600 mln for factory in Sopron

Property developer Medical Holding has purchased garment company Soproni Ruhagyár Rt for Ft 600 million, and will turn the factory site, which is located in the center of Sopron, into a tourism and trade center, most likely shutting down production, business daily Napi Gazdaság reported on Monday.

Soproni Ruhagyár has been loss-making for years, local government officials said. The plant employed 200 workers at the start of the year, but has been making layoffs.

Medical Holding plans to spend Ft 7 billion to convert the 12,000 square meter industrial site. The center will include a shopping centre and a hotel.