ING Real Estate Development is currently in negotiations with Germany’s Allianz Real Estate about selling 50% of Buda’s newest mall – Allee – propertyeu.info reports. ING would keep a 50% stake in Allee. In related news, the “poisonous” mall was recently presented an award by the Construction & Investment Journal (CIJ) for being the “year’s best shopping mall development”, while the investment received an award for being the “best real estate development.” In addition, the Simplon Udvar – being built as part of the project – was chosen as the “best residential real estate development;” ING Real Estate Development as the “year’s real estate developer;” and Managing Director Pál Baross as “personality of the year” for the second time.
ING shopping 50% stake in new award-winning “poisonous” Budapest mall
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