Who buys the plot, how is the sale done, and what is the normal name of this investment?
With the support of the Hungarian government and the government of the United Arab Emirates, the Arab investors Eagle Hills Zrt. company named Rákosrendező, that it is buying an 85-hectare area that is no longer used for the railway plant. However, the investment could already be known at the end of 2023: then a government document was leaked, according to which an Arab investor would build a new city quarter on the site of Rákosrendező for HUF 1,900 billion.
The plans were first referred to as Mini-Dubaj by the press, János Lázár countered this with the name Maxi-Dubaj, it has now been revealed that the official name of the project is Grand Budapest. The investors undertake a minimum investment of 5 billion euros, but the announcements state investment amounts of 12 billion - this amount is the same as that included in the Russian-Hungarian contract on the Paks expansion. So it's a huge opportunity for the Hungarian construction industry.
From this amount, 35-40 hectares of parks and public spaces are created between the properties, but most of this will be more concrete public space than a park. The buyer will have to pay 25 percent of the otherwise net $ 50.9 billion, a net of HUF 12.7 billion, and will be within the estate after the first installment has been concluded. Paying the second, 35 percent, will follow if all legal obstacles are removed from the investment. And the last 40 percent installment when the state infrastructure investments are completed.
What is Cancer Director, where is it, why can it be developed?
The freight station, opened in 1894, was one of the largest railway junctions in the city for a hundred years, but after the change of regime, the freight turnover was severely reduced, and in 1990 the director's function ceased. In its heyday, the remaining tracks of 42 tracks with a capacity of 42 are mostly storage features alongside the suburban traffic of the three railway lines. The total 130 hectare area has been abandoned, illegal landfill and a home -based jumbo for decades.
What is exciting in this run-down neighborhood in terms of business and urban planning?
It is one of the largest contiguous and most valuable brownfield areas in the city. One end almost borders the City Park, and the area connects two frequented districts of Pest, the 13th district and the 14th district. More precisely, it separates it now, but if a city district were to be built here, th...
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