As one of the region’s leading real estate developers, our group is embarking on the remainder of the decade with ambitious plans. By 2030, we aim to implement real estate development projects in Debrecen worth approximately HUF 100 billion. To achieve our goals in the coming years, we are also planning to raise capital, as we are committed to supporting the economic development of the city and the region.
Debrecen’s rapid growth and the dynamism of the industrial property market present unique opportunities. We believe that logistics and industrial projects will continue to play a key role in the region’s real estate landscape. At the same time, we are closely monitoring movements in the residential property market, where the Debrecen Phoenix Housing Program may generate new momentum. Therefore, our portfolio includes industrial, logistics, residential, and mixed-use commercial developments.
We are currently evaluating various financing options to implement our plans. These include involving project-level investment partners, and exploring the potential of establishing real estate funds and REITs (Regulated Real Estate Investment Companies). Despite the current market slowdown, we are convinced that timely decisions will ensure sustainable growth and market success.
“In the case of REITs, investment transactions are less frequent than with shares. Daily trading is not typical, but in my view,” said Sándor Szabó, our Deputy CEO, “this is also a predictable and secure investment form. We are reviewing all of these options, and our decision on capital raising will naturally depend on market conditions.”
According to Gyula Szűcs, our Chairman and CEO, the group’s capabilities are clearly demonstrated by the significant developments we have completed over the past decade—both independently and with investment partners—during a period of heightened investment activity in Debrecen. In several areas, we have acted as pioneers.
Significant Achievements and Ambitious Plans
Our group was responsible for developing Eastern Hungary’s first A-class office building in the Debrecen University Industrial Park, as well as several industrial halls that are now leased on a long-term basis.
Our commitment to innovation is also reflected in the fact that two decades ago we implemented Hungary’s first PPP program. Since then, we have built several university dormitories and student residences under similar arrangements. In cooperation with the municipally owned Debreceni Vagyonkezelő Zrt., we contributed to the city’s development through the Forest Offices project.
Focus on Future Developments
We are currently preparing several large-scale projects. In Balatonakarattya, for instance, we are planning a premium residential development valued at nearly HUF 20 billion, comprising 99 apartments. Launching the project will depend on detecting sufficient market demand.
In Debrecen, we are working on a development package worth HUF 30–40 billion, which includes industrial-logistics developments as well as residential and mixed-use commercial properties. With this, we are already halfway toward achieving our 2030 development goals.
We are firmly committed to the long-term development of Debrecen and the surrounding region and believe that the right strategic steps will further strengthen our position in the real estate market.
These plans and objectives were detailed in an interview with Világgazdaság, where our Deputy CEO Sándor Szabó and co-owner Gyula Szűcs shared their insights on the opportunities and challenges that lie ahead.
The article is available here:
🔗 https://www.vg.hu/cegvilag/2024/11/szazmilliardos-ingatlanfejlesztest-terveznek-az-orszag-masodik-fovarosaban
