​Key office buildings in Budapest to be bought by Dubai's Al Habtoor group

Dubai-based Al Habtoor Group has confirmed the acquisition of several key properties in Hungary to add to its portfolio which already includes The Ritz-Carlton, Budapest and The InterContinental Budapest.

The latest additions to the Group's property portfolio in the country include Rumbach Centre, an office building located in the historic part of Budapest's financial, commercial and administrative centre near Deák Square, the company said in a statement.

According to company sources, the Group said it also purchased an office complex in Dorottya Udvar, Budapest. The restored, early 20th century-style former textile mill has been redeveloped into a spacious office complex with a strong international tenant line-up, Al Habtoor added.

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