Dubai’s Al Habtoor buys office buildings in Budapest

Dubai-based Al Habtoor Group has confirmed the acquisition of several key properties in Hungary to add to its portfolio which already includes The Ritz-Carlton, Budapest and The InterContinental Budapest, arabianbusiness.com reports.

The latest additions to the Group’s property portfolio in the country include Rumbach Centre, an office building located in the historic part of Budapest’s financial, commercial and administrative centre near Deák Square, the company said in a statement.

According to the arabianbusiness.com, the Group said it also purchased an office complex in Dorottya Udvar, Budapest. The restored, early 20th century-style former textile mill has been redeveloped into a spacious office complex with a strong international tenant line-up, Al Habtoor added.

Khalaf Ahmad Al Habtoor, chairman, Al Habtoor Group said: “I am delighted to announce our latest acquisitions in Europe. Hungary has a vibrant economy with a rapidly growing office market. I am happy to build on our other successful ventures in the country.”

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Photo: iroda.hu

Source: arabianbusiness.com