The development site covered by the agreement is located in the northern part of the block bordered by Vaci Road, Szekszardi Street, Madarasz Viktor Street, and Szobor Street in Budapest.
The two companies are now establishing a joint venture to combine their knowledge and experience to provide professional hotel management and development services.
Rencz has been with GTC since August this year, when he was appointed to the Management Board and assumed the role of Chief Business Sustainability Officer.
The Government submitted a draft proposal for public consultation, modifying the conditions of the Home Start program. The draft takes into account both the experiences from the first month of the loan program as well as the feedback received.
Amendments to the Land Registry Act, in force since July 2025, bring long-anticipated relief for owners of ‘zártkert’ (garden or holiday plot) properties.
According to investment plans announced this summer, the government is preparing to implement large-scale road and railway construction projects over the next ten years.
At the beginning of the summer, the regulations governing the land registry in Hungary were amended, introducing significant changes affecting owners of so-called garden plots in the outskirts.
On 18 August 2025, Government Decree No. 274/2025 (VIII. 18.), amending Government Decree No. 143/2018 (VIII. 13.) on the detailed rules applicable during the change-of-use authorisation procedure, was published in the Hungarian Gazette.
CTP Hungary has announced it signed a lease agreement with BYD Electric Bus & Truck Hungary Kft. with the later taking possesion of a 5,000 square-meter industrial property in CTPark Komarom.
Developer WING has announced that LIVING – WING's brand specializing in residential real estate – has completed the building structure of the Romai Park residential park in District 3 of Budapest.
Developer WING has announced that AutoWallis Group has established its new headquarters in its mixed-use Liberty complex in Budapest, Hungary, occupying approximately 5,600 square meters of office space for over 400 employees.
Developer WING has announced that Scope Ratings GmbH has affirmed Wingholding Zrt.’s issuer rating at B+, along with the B+ rating for the company’s senior unsecured bond.
The HGL Group began operations at the site last year in the MG1 warehouse at the Maglod megapark, which is located near Budapest’s Ferenc Liszt International Airport.
Schott Hungary has entered agreements with Strabag, Weinberg, and Szarnyas related to the construction of new production facilities in Lukacshaza, Hungary.
Pactic has signed a five-year lease agreement at CTPark Budapest Ecser Logistics Park, where the company will occupy nearly 3,000 square meters of industrial space.
