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International office developer GTC Hungary has received the building permit for its new project, The Twist – Budapest City Tower. Rising over 23 floors, The Twist will be one of Budapest’s tallest office skyscrapers with 37,000 square meters of leasable offices.
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Parliament’s legislative committee modified the bill on tall buildings on Thursday, raising the maximum permitted height of office or residential buildings from 65 metres to 90.
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István Tiborcz, a son-in-law of Hungarian prime minister Viktor Orbán, has become the majority owner of BDPST Zrt., a fast-growing real estate company after purchasing shares from one of his long-time business partners, company records show.
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Not many high-priced homes are sold in Hungary, according to data compiled by residential real estate trading and advisory firm Otthon Centrum (OC). Only about 0.75% of the homes sold through OC in 2018 so far fetched over HUF 100 million, most of them in Budapest.
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CEU's Nador 13 and Nador 15 buildings, that is Phase 1 of the campus redevelopment project, have received the RIBA International Awards for Excellence 2018.
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Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from TPG Real Estate, the real estate platform of global private investment firm TPG, according to an announcement by TriGranit on Monday.
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