Cbank foundations buy plots in Budapest business district

Budapest, September 5 (MTI) – Foundations run by Hungary’s central bank have purchased plots of land in a Budapest business district for 55 million euros.

Fully 200,000sqm of office and residential space can be built on the combined seven-and-a-half hectares, Zoltán Fekete, the head of Optima Befektetési, which manages the foundations’ assets, told a press conference on Monday. The plan is to build 150,000sqm of office space and complement it with stores and homes, he added.

Optima aims to attract financial companies with headquarters in the United Kingdom looking for new European headquarters following the country’s vote to leave the European Union, Fekete said.

The properties were purchased from Redimmocorp and Soinginvest last week, he said.

Whether or not a tender will be called for the development of the property depends on planning. Consultations with the public procurement authority are ongoing.