Mega Real-Estate Deal Planned at Budapest's Largest Train Stations
- 10 Dec 2024 6:16 AM
A mega real estate deal is being planned whereby the landholdings of Budapest's four major train stations would be leased out for 99 years and developers would be able to commercialise the stations and their surroundings "for free", David Vitezy, the leader of the Podmaniczky Movement in the city assembly, has said.
Speaking at a press conference on Monday at Nyugati Square, Vitezy said the deal allowing national railway company MAV to lease out the properties had been opened up by construction and transport minister Janos Lazar, and he said the seven-page tender issued would close at the end of January.
Vitzey said MAV had shown him the draft contract which included neither a purchase price nor a rental fee. Moreover, it did not prescribe any developments for prospective investors, he said.
He said Lazar's ministry had claimed that the tenders only concerned the renovation of the station buildings, which he called "misleading", as the tenders also would allow private companies access to areas of 15-30 hectares surrounding the stations, he added.
The tenders, he said, failed to include where and what the applicants should develop "in these vast areas" and had not been preceded by any consultation with either the districts or the capital.
Serving up the brownfield sites of Budapest to investors "based on a seven-page shopping list" was typical of "the most corrupt countries in the developing world", he said.
MTI Stock Photo - for illustrative purposes only
Source:
MTI - The Hungarian News Agency, founded in 1881.
*********************************
You're very welcome to comment, discuss and enjoy more stories via our Facebook page:
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary
You can subscribe to our newsletter here: XpatLoop.com/Newsletters
Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.
LATEST NEWS IN property