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INDOTEK ACQUIRES SHOPPING MALLS FROM KLEPIERRE GROUP

 

Hungary’s Competition Office (GVH) has cleared the acquisition of a number of shopping centres owned by France’s Klepierre group by Hungary’s Indotek group, a resolution posted on the office’s website shows. Forbes Magazine Hungary said GVH approved the acquisition of Klepierre units that own the Corvin Plaza and Duna Plaza in Budapest, as well as the Győr Plaza (NW Hungary) and the Miskolc Plaza (NE Hungary). Forbes noted that Indotek acquired the Alba Plaza in Székesfehérvár (NW Hungary) and the Nyír Plaza in Nyíregyháza (NE Hungary) from Klepierre early in the year. Indotek has made a number of high profile purchases recently, including the non-performing commercial real estate loans of MKB Bank and the landmark Gellért Hotel in Budapest. Indotek is majority owned by its CEO, Dániel Jellinek.