Constellation Hotels, Property Market partner up for Budapest development
wikimedia commons
Qatari-owned property investor Constellation Hotels Holdings agreed to partner up with Hungarian peer Property Market in an office and residential development in the south of Budapest, Hungarian news agency MTI reported today.
(Photo: Wikimedia Commons)
The project will be established on the 56-hectare area of Kopaszi Dyke, a public park on a peninsula in the Danube, which Market Group purchased earlier from Portuguese investors for an undisclosed amount early last year, supported by a loan from the Hungarian Eximbank.
Constellation Hotels Holdings, registered in Luxembourg, has a number of five-star hotels and office buildings in Europe and the United States in its portfolio, MTI added.
Moody's Affirms Budapest's 'Baa3' Rating
Bulgaria's Household Income, Spending Rise 20% in 2023
Poland Industrial Output Falls, Producer Prices Decline Furt...
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
