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CBS Property at EXPO REAL Munich 2011

2011.10.07.

CBS Property showcased selected developments at Expo Real Munich’s Budapest Business Region stand as one of the major promoters of the stand. Expo Real was held from 4 to 6 October 2011. This year CBS exhibited at the 107 m² exhibition booth area of the City of Budapest. Additionally, CBS sponsored the ‘Croissant and Champagne’ themed breakfast.

The Budapest stand attracted many visitors who had the chance to attend the various programs held during the day. CBS Property’s CEO, Lorant Varga, took part in the panel discussion titled ’Major Developments in the Budapest Business Region’. During the panel discussion he highlighted that; “In today’s difficult economic situation real estate developments with a good location, a unique concept and a clear focus on a niche market have a considerable future.”

CBS Property showcased four major developments at the expo; Danube Intermodal Logistic Center (DILK), Tárnok Villa Park, M6 Warehouse Park and the M0 Riverfront Business Park.

DILK is a major project with an approximately 100 million EUR gross development cost. It is located on the boarder of Budapest and Érd. As a true intermodal location along the M6 motorway it offers exceptional advantages to service large scale European logistics due to the possibility of building a river port, a rail and container terminal on the Danube.

M0 Riverfront Retail and Business Park is a mixed use development of 300 million EUR. The development project has 200,000 m² gross office and 50,000 m² gross commercial floor spaces. It is ideally located at the trans-European transit corridor.

Tárnok Villa Park is a suburban, high quality residential development located 10 minutes car drive away from Budapest with direct access to M7 motorway. CBS Property plans to build 450 houses and villas with recreation facilities, kindergarten and a shopping mall. The total development budget of the project is 40 million EUR.

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