Announcements / News

BNP PARIBAS REAL ESTATE HUNGARY WITH A NEW PM INSTRUCTION

08.2.2017

BNP PARIBAS REAL ESTATE HUNGARY WITH A NEW PM INSTRUCTION BNP Paribas Real Estate Hungary won the tender process for the property management instruction of Napfény Park shopping centre owned by Erste Ingatlan Alap, which is under the management of Erste Alapkezelő Zrt. The property with area over 30.000 sqm is the largest retail centre in Szeged, which opened its doors to the public in 2008. In addition to Tesco hypermarket and OBI retail store other significant brands, such as Jysk, Deichmann, RENO, Dm-drogeriemarkt, Charles Vögele, KIK, Euronics, Cardo, Fressnapf and number of small shops can be found there. “We are very pleased that Erste Alapkezelő Zrt. entrusted us with the management of yet another property, thus expressing their satisfaction with our results achieved so far. Having over 24 years of local property management experience provides us a solid base to manage Napfény Park Shopping Centre in high standards according to the needs of the Client. Winning the assignment is in line with one of our strategic objective to strengthening our presence in secondary cities also in addition to Budapest.” – comments Henrik Favari, CEO of BNP Paribas Real Estate Hungary. Erste Alapkezelő Zrt., the Hungarian fund management arm of the international Erste Group has been present in the domestic fund and portfolio management market since 1993. The Company is managing more than HUF 1000 billion in assets, most of them in investment funds. One of the main competencies of Erste Alapkezelő is the management of real estate funds. In this segment, the Company manages more than HUF 400 billion. Erste Ingatlan Alap, the biggest Hungarian real estate fund is run by Erste Alapkezelő.