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SCD Group postpones major investment project at Lake Balaton

Property developer SCD Group completed preparations for a €450 million program around Lake Balaton last year, but planned investments will have to wait until capital markets improve, deputy-CEO in charge of communications Péter Elkán told MTI on Friday.

The implementation of the program, announced five years ago, will depend on a pickup on the lending market, Elkán said.

The program comprises 23 investment projects, including lakeside apartments, campgrounds and resorts.

SCD Group is owned by Gellért Jászai.