Al Habtoor Group has expanded its European property portfolio with the acquisition of offices in Hungary.
The conglomerate, based in Dubai, already owns two luxury hotels in the country’s capital city: The Ritz-Carlton, Budapest, and The InterContinental Budapest.
Now it has bought the Rumbach Centre, an office building in the historic part of the city’s financial district.
It also acquired another office complex in the city created from a restored textile mill.
It did not disclose the price or the size of the developments.
“Hungary has a vibrant economy with a rapidly growing office market,” said Khalaf Ahmad Habtoor, the chairman of Al Habtoor Group. “I am happy to build on our other successful ventures in the country.”
The company has expanded from its UAE base in recent years with acquisitions in the UK, Austria and the US.
This year it also bought the Hilton London Wembley and the Hotel Imperial in Vienna.
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Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
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Price: Exact regional pricing TBA
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The specs
Engine 60kwh FWD
Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry
Power 204hp Torque 360Nm
Price, base / as tested Dh174,500
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Squad
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