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Orco considers listing on Budapest Stock Exchange

Orco Property Group, a real estate developer listed on the Prague and Paris stock exchanges, is considering floating its shares on the Budapest Stock Exchange (BÉT), CEO Ales Vobruba said in a Bloomberg interview.

There are already three property companies listed on the BÉT: Graphisoft Park SE, the recently spun-off property unit of software company Graphisoft; Fotex Nyrt, a former retailer converted into a real estate holding company; and developer BIF Nyrt.
BÉT president Attila Szalay-Berzeviczy said on Monday that the Budapest bourse hopes to list Hungary's TriGránit Zrt, one of the biggest developers in the region, in addition to a planned floatation of the shares on another European bourse.
The Orco Property Group owns several historic buildings in central Budapest, including the BÉT building itself.