The composition of the Group is continuously changing, as the asset manager is creating companies specialized in the given area, in line with the requirements of new tasks.
Each of these individual companies is run by its independent management, but their operation and profitability must be aligned with the strategy and expectations defined by the asset manager entity.
The controlling area is checking the operation of the companies on an ongoing basis, and the results are analysed monthly.
HUNÉP Zrt. is a major construction company in the East Hungary region. It looks back on a history of 70 years in terms of its activities, and has been operating as a business association since 1991, becoming privately owned in 1992. The economic management of the company is stable, while its profitability and references demand respect also in nationwide comparisons. In the past few decades, the profession has recognized the quality of the company’s work with several masterworks and excellence awards.
HC Építő Kft. has been operating in the construction industry for one and a half decades. During this period, the company has been growing continuously, and with its wide range of references, it has an increasingly charismatic presence in the profession. Headquartered in Budapest, the company participates in the implementation of building construction projects.
Since its foundation in 2008, the company has been operating profitably and increasing its revenue continuously, with an expanding range of references.
Principal activities:
Thanks to the continuous technological developments, the company is capable of solving tasks of increasing volume and technical complexity. Hajdu-Alu Zrt. received several masterworks and excellence awards in recognition of the quality of its work.
The principal activity of HUNÉP Real-Invest Kft., founded in 2008, is property development and management. The development project was carried out by the company in the years following its establishment, which consisted of erecting a special building on the campus of the University of Debrecen, in which the PET Centre continues to operate to this day. The next project was launched in 2019, in the framework of which a 6-unit condominium building was constructed in a prestigious residential neighbourhood of the 12th district in Budapest. The company is planning to purchase further properties on which property development projects would be implemented.
Halköz Kft. was established in 1997 for the purpose of property development projects. In the years after its foundation, the company implemented a large-scale development on a property purchased in the centre of Debrecen in Debrecen. The mixed-purpose building located in the city centre includes an underground garage, a shopping centre and residential units. As a next step, the business set up HUN-OFFICE Kft., and it recently acquired a minority share in Forest Office Debrecen Kft.
HUN-Office Kft. was established in 2008, for the purpose of pursuing property development and management activities. In the years following its foundation, the company carried out development project including the construction of an office building of over 15,000 m2 in the University Industrial Park, in which a call centre has been operating since its opening.
On the property of 5,000 m2 located behind this building, which is also owned by the company, they designed an office building with nearly 4000 m2 of useful floor space, for which a final construction permit has already been obtained. The starting of this development project is expected when the demand by prospective tenants is place.
In 2008, HUN-Office Kft. purchased a property on Simony Street in Debrecen, on which premium-quality apartments have been built for the purpose of renting out.
In recent years, the company purchased an office in the historic city centre of Budapest as well, which they also aim to utilized by way of renting out.
Huxa Kft. was established in 2018 with the aim of carrying out industrial and logistics developments, primarily in Debrecen. As a first step, the company purchased a land area of several hectares in the South Industrial Park, located near Debrecen International Airport. With its future developments, Huxa Kft. is primarily aiming to satisfy the needs of international businesses in the fields of industry and logistics.
The SZINORG group participated in the foundation of Forest Offices Debrecen Kft. in June 2017, as a minority owner by way of Halköz Kft. The company was established for the development of category “A” office building. As a result of the investment, East Hungary’s most modern, category “A”+” office building was constructed, which has earned LEED GOLD certification.
Dóczy Ingatlanfejlesztő Kft. was established by Szinorg Universal Zrt. at the end of 2015, with the purpose of purchasing a building plot in a prestigious neighbourhood of Debrecen and constructing a residential park there. In the framework of the development worth over HUF 5 billion, a residential complex with 237 units has been built in the direct vicinity of the university, which has become a landmark building of the city. The company received an excellence award from the profession for this project.
Thanks to the developments of Invest Universal Zrt., founded in 2011, several investments have been realized in the city centre, primarily with residential functions. Upon completion, the units have been sold. In the future, the company is planning to implement further investments, in line with the needs of the market.
Hunép Invest SRL, registered in Romania, owns a piece of land near Oradea, which was purchased for the purpose of a property development project. Currently, the function needed on the market is being explored. As a result of the successful market research, the investment will be prepared and implemented.
The company established by its owner for a hotel development project in the city centre of Debrecen. For this purpose, Bajcsy Invest Kft. purchased the properties located at 7-13 Bajcsy-Zsilinszky Street, on which the design of a four-star business hotel has been started. The developer also applied for a state subsidy for the implementation of the project, the decision on which is currently pending. In case of this application being successful, the project may be completed by the end of 2021.
The 5-building complex of Auguszta Hotel was built in 2000-2001, in the framework of a special cooperation. The (legal predecessor) of the company implemented a HUF 1.5-billion investment on the campus of the University of Debrecen, with the aim of providing long-term accommodation to international students studying at the university. The hotel of 305 beds is operated by Auguszta Hotel Zrt. at its own risk.
The building of OEC West Hostel was constructed in 2008, in the framework of a special cooperation. The hostel, accommodating 100 students, was built with the aim of providing long-term accommodation to international students at the university. It is operated by OEC West Hostel Zrt. at its own risk.
The company was established in 2020 for the purpose of providing services for members of the group in several areas:
The company performs its tasks on a business basis, in the framework of service agreements.
The project company, founded in 2019, purchased a 2.5-hectare industrial property in the Debrecen Regional and Innovation Industrial Park, with the purpose of built-to-suit property development and exploitation.
The company concluded a long-term lease agreement with a major international corporation in the electronics industry, on the basis of which they will develop a state-of-the-art manufacturing facility, in several phases, for the newly established Hungarian subsidiary of the international corporation.
The turnkey electronics plant built in the first phase, having a total floor space of 5,000 square metres, will be handed over to the tenant in May 2021.
