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HUNGARY L&P gets into PM with Népliget Center

Property and Facility Management
Real estate asset manager and advisor Lodge & Partners has established a property management division in Hungary, with Népliget Center in Budapest to be the first property managed by the new unit.

The 28,000 sqm Népliget Center is the first office property to be operated by L&P’s new property management division. According to the Budapest-based company, this new activity as the next logical step in its growth plan.

The creation of our property management division is an outcome of the high expectations we have placed upon ourselves and is key to our business success. The ongoing Covid-19 epidemic has illustrated that property management needs to be highly adaptive to occupiers’ needs and bringing this service line in-house with a talented team is instrumental to meet both tenants’ and investors’ expectations.
Lodge & Partners’ co-founder and managing partner, Jake Lodge

In January 2018, L& advised MCAP Global Finance (UK) in its acqusition of Népliget Center, which is situated on Könyves Kálmán krt on the Pest side of the city. The three-building complex was completed by Skanska in 2010.

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