BNP Paribas Real Estate Hungary with a PM Instruction for milestone student house in Budapest

Hungary

BNP Paribas Real Estate Hungary with a PM Instruction for milestone student house in Budapest

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BNP Paribas Real Estate Hungary won the property management mandate in a tender process organized for MILESTONE, a top class Student house located in Budapest. The appx. 15.000 sqm building is the first large-scale, privately owned, purpose-built student residence in Hungary, with 1.000 sqm retail area and with 400+ single bed en-suite rooms offering high quality accommodation for international and Hungarian students. On one hand MILESTONE Budapest student house is a modern and innovative development offering exclusive services, on the other hand the investment has a significant value creation impact in the heart of the 9th district.

We are very pleased that Forestay Development entrusted us with the management of this unique property. Having over 25 years of local property management experience provides us a solid base to manage MILESTONE Budapest Student House in high standards according to the needs of the Client. Winning the assignment is in line with one of our strategic objective to further increase and diversify our Budapest portfolio.

Henrik Favari, CEO of BNP Paribas Real Estate Hungary

Forestay Group excels in investment management and property development with focus on Central Eastern European opportunities. Its main targets are private student houses, retail and residential projects. Forestay Group experts has wide range of experience in the field of building rehabilitation by changing functions as well as taking pioneer role establishing local market in the student housing segment.

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