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The Hungarian Prime Minister is relying on power architecture from a bygone era to demonstrate power – he is rebuilding the capital according to pre-war plans.
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The Fifth District Fidesz-run local council plans to sell or has sold properties without giving the city of Budapest the opportunity to exercise its pre-emptive right to buy the properties, according to a February 22 letter written by mayor Gergely Karácsony and obtained by Telex.
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QPR Properties is working with Marriott to redevelop the Drechsler Palace, which will be fully converted to a five-star hotel by 2022, Portfolio reports.
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A public park should be created on the brownfield site next to Budapest’s busy Nyugati railway station rather than the planned National Centre for Circus Arts (pictured on top), a lawmaker of the opposition Párbeszéd party said.
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MOL chairman and CEO Zsolt Hernádi has purchased the 26% stake in Kopaszi Gát – the property development project in the 11th District on the Danube riverside close to the future MOL tower – from Sheikh Hamad Bin-Jassim Bin-Jaber Al Thani, a former prime minister of Qatar, Telex reports.
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Hunguest Hotels has launched upgrades at accommodation around the country supported by HUF 17.7 billion in grant money from the government's Kisfaludy tourism development program, business daily Világgazdaság said.
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