Hungary showcases role as East-West bridgehead at EXPO REAL

Hungary is promoting its role as a “meeting point” for investments from the East and the West at the EXPO REAL international fair for real estate and investment in Munich, the Hungarian Investment Promotion Agency (HIPA) and the Property Developers Roundtable Association (IFK) told MTI.

EXPO REAL, with over 2,000 exhibitors from 75 countries, is expected to draw close to 40,000 professionals on October 7-9.

The Hungarian stand at the fair will focus on industrial and logistics developments, but will also feature residential, hotel and office projects by big local developers. As in earlier years, IFK is organising the stand with the support of HIPA and real estate consultancy CBRE.

The main exhibitors are HelloParks, a Futureal group member, and Innovinia, the owner of the IG Park portfolio. INPARK, ATENOR, Biggeorge Property and GLP Hungary are also showing, while projects in Debrecen, Kaposvár and Péecs are in the spotlight.

HIPA CEO István Joó noted that Hungary had attracted record FDI of over EUR 13bn last year.

IFK chairman Ernő Takács said property developments with a value of EUR 400m-500m were in the pipeline in Hungary.

Hungary has over 5,140,000 square metres of modern industrial space, including more than 3,500,000 in the capital.

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