New company enters real estate market

FM newsroom – real estate market. The Hungarian property scene welcomes a new development company brought to life by three experienced and exemplary real estate market players. Realis Development is part of Realis Group, a holding company active since 2013.

The development company was established with the clear objective of creating premium quality property products in Hungary and CEE that not only generate financial value, but also contribute to the aesthetic, technical and sustainability standards of our built environment – Budapest Business Journal reports.

Realis Development’s portfolio has a line-up of both modern and heritage projects in the hotel and residential segments, with longer term plans also including office developments.

The currently nine-member team consists of experienced and acknowledged industry professionals who previously managed complex real estate development projects and financed large-scale endeavors at international and local real estate development and asset management companies, and banks.

“Together with my business partners Tamás Ádány CFO and Zsolt Gyöngyösi Development Director we have built an expert team equipped with all-around real estate competencies, outstanding qualifications and references, as well as the vision to successfully prepare and implement great property projects. We believe that our market approach and foundational values – a dedication to uniqueness and a passion for refined architectural solutions –, as well as the extensive international professional experience concentrated within team will soon assign an important role to Realis Development on the map of Hungarian and European real estate.” – Dr. Mihály Schrancz, founding partner and CEO, Realis Development


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