Budapesti Ingatlan Nyrt

What Budapesti Ingatlan Nyrt does

Budapesti Ingatlan Nyrt. (BIF) is a publicly traded Hungarian real estate investment company operating under the SZIT (Szabályozott Ingatlanbefektetési Társaság) regulated REIT regime, listed on the Budapest Stock Exchange since 1998 and on the premium segment since October 2018. The company, headquartered at Bajcsy-Zsilinszky út 57 in Budapest, develops, manages, and maintains a diversified property portfolio entirely within Budapest across four asset classes: offices (nine buildings including BIF Tower, Major Udvar, Major Park, Flórián Udvar, BIF LOFT, Bajcsy, Bihari, Vígadó Palace, and Victor Hugo), hotels (4-star Madách Hotel and 3-star BIF Hostel), parking facilities (Aranykéz and Flórián garages totaling 692 spaces), and residential projects (Attila99LOFT serviced residences, Harsánylejtő Kertváros apartments and development plots, and the planned Andrássy 80+82 boutique hotel).

BIF's core technology is property-asset operations rather than proprietary software; notable technical / platform components include a BREEAM-certified green office (Major Udvar), the Parkl-integrated automated parking access system, a dedicated mobile app for Attila99LOFT residents, and keycard-coded elevator access at BIF LOFT. The company has no disclosed AI, ML, or proprietary software stack; competitive differentiation is primarily location-driven (prime Budapest districts — CBD, District 12, District 13, Óbuda) and certification-driven (BREEAM, heritage-grade renovations).

The business model combines recurring rental income from long-term office and hotel leases, transaction-based parking revenue (hourly / daily / monthly at Aranykéz and Flórián), and one-time sales from residential apartments and development plots. Pricing is quoted in Hungarian Forints and ranges from 3,800 HUF/sqm/month net for B-class offices to 5,800 HUF/sqm/month net for premium A-class space; parking runs from 600 HUF/hour to 135,122 HUF/month. GTM is sales-led and direct: a four-person sales team (Hargitai Linda, Tóth Zsuzsanna, Soczó Edina, plus investor relations lead dr. Kalicz Anita) handles leasing and sales through the bif.hu corporate website and direct outreach, with no third-party distribution. Customer segments are primarily B2B corporate office tenants and a single 4-star hotel operator for the hospitality anchor, supplemented by individual residential buyers and parking customers. The company owns one wholly-owned operating subsidiary, Harsánylejtő Kft., supporting its residential development pipeline.

Name

Budapesti Ingatlan Nyrt

Legal name

Budapesti Ingatlan Nyrt. (SZIT/REIT)

Website

https://bif.hu

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Budapesti Ingatlan Nyrt. is a publicly traded Hungarian SZIT/REIT that develops, owns, and operates a diversified Budapest real estate portfolio spanning offices, hotels, parking facilities, and residential projects, serving corporate tenants, hotel operators, and individual buyers via direct sales.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Funds, Trusts, and Other Financial Vehicles (525), Traveler Accommodation (7211), Residential Property Managers (531311), Other Financial Vehicles (52599)

SIC

Real Estate Investment Trusts (6798), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

Keywords

• Commercial real estate
• Property leasing
• Office buildings
• Real estate investment
• Property management

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Office Rental Income: BIF generates recurring rental income from its portfolio of office buildings across Budapest, including Category A and B office spaces leased to business tenants.
2. Hotel Property Leasing: Long-term leasing of hotel properties to hotel operators. The Madách Hotel is 100% rented under long-term agreement with a 4-star hotel operator.
3. Parking Services: Hourly, daily, and monthly parking revenue from parking garage operations including Aranykéz (459 cars capacity) and Flórián (233 spaces) parking facilities.
4. Residential Property Sales: Development and sale of residential properties including the Harsánylejtő Kertváros garden city project with 80 apartments and development plots.
5. Development Plot Sales: Sale of development land parcels including Harsánylejtő development area with 66 plots of 1500-2500 m2 each.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Budapesti Ingatlan Nyrt (BIF) develops, owns, and manages a diversified real estate portfolio in Budapest comprising 9 office buildings, 2 hotels, 2 parking garages, and 3 residential projects. The company generates revenue primarily through long-term rental agreements for office and hotel space, hourly/daily/monthly parking services, and the sale of residential apartments and development plots. BIF operates as a regulated Hungarian REIT (SZIT), listed on the Budapest Stock Exchange since 1998.

Product overview

Budapesti Ingatlan Nyrt (BIF) is a Hungarian real estate investment company (REIT/SZIT) operating a diversified property portfolio across Budapest. The company offers: Office buildings including BIF TOWER, Major Udvar, Major Park, FLÓRIÁN UDVAR, BIF LOFT, BAJCSY OFFICE BUILDING, BIHARI OFFICE BUILDING, VÍGADÓ PALACE, and VICTOR HUGO OFFICE BUILDING; Hotels including MADÁCH HOTEL and BIF HOSTEL; Parking facilities including ARANYKÉZ PARKING GARAGE and Flórián Parking Garage; and Residential developments including Harsánylejtő Kertváros, Attila99LOFT, and the Andrássy 80+82 project. The portfolio spans Class A and B office properties, multi-level parking facilities, hospitality properties, and residential projects across Budapest's districts.

Differentiator

Problem solved

Functional benefit

Brands

• Attila99LOFT: Luxury apartment house offering hotel-quality services for long-term lease tenants in Budapest
• Harsánylejtő Kertváros
• Andrássy 80+82

Products and services

• BIF Tower Office Building Premium A-category office building located at Üllői út 114-118 in Pest side of Budapest, 10-15 minutes from Liszt Ferenc International Airport. Currently 100% occupied with no available office space.
• Major Udvar Office Building BREEAM-certified A-category office building in District 12 near Déli pályaudvar station. 8,630 sqm office space with 81 parking spaces and landscaped inner courtyard. Delivered Q2 2022.
• Major Park Office Building 15,000 sqm B-category office building at Városmajor street 35 in District 12. Features planned 7-story parking house with 248 spaces. Development completed Q2 2023.
• Flórián Udvar Office Building Category A office building with 11,300 sqm total area in Óbuda center at Flórián tér. Renovated in 2008, housed in historic Hungarian Royal Tobacco Factory building with cast iron structures. Features 233 parking spaces and garden-terraced restaurant.
• BIF LOFT Office Building Modern loft-type office building at Üllői út 114-116 near M3 subway station. Under transformation with loft offices of 147-440 sqm each featuring industrial design, keycard-coded elevators, and animal-friendly environment.
• Bihari Office Building B-category office space in District 10 near Ecseri út metro station. 6 floors with office areas ranging 18.75-180 sqm, small office format with traditional cell design. 50 parking spaces available.
• Vígadó Palace Office Building Fully renovated office building in downtown Budapest CBD near Vörösmarty tér and Danube river bank. 7 floors with 1,800 sqm office area per floor and 350 parking spaces. Currently 100% occupied.
• Victor Hugo Office Building B-category office building at Victor Hugo utca 18-22 in District 13. Home to Budapest's largest internet exchange center (BIX). Office areas 20-100 sqm with excellent digital infrastructure.
• Bajcsy Office Building Planned 23,300 sqm A-category office building at Bajcsy-Zsilinsky út 57 near Nyugati station. Will feature major atrium combining classic and modern architecture with 324 parking spaces. Development in progress.
• Madách Hotel 4-star hotel at Madách Square 3-4 in Budapest city center. 5 floors, 6,000 sqm, 100% occupied under long-term agreement. Recently refurbished with high utilization rates.
• BIF Hostel 3-star hotel renovated in 2011 at Üllői út 114-118 in District XX. 6 floors with 82 rooms, suitable for leisure and business use. Located 15 minutes from Liszt Ferenc International Airport near M3 metro line.
• Aranykéz Parking Garage Parking garage in central District 5 near Váci utca and Vörösmarty tér. 459 car capacity across 5 levels, operating 24/7 with evening discounts. Includes car wash and restaurant facilities.
• Flórián Parking Garage 5-story parking house with 233 parking spaces in Óbuda center next to Flórián Square. 24/7 operation with keycard and ticketing access system. Easy access via Árpád Bridge.
• Harsánylejtő Kertváros Residential Development Suburban residential development with 80 apartments in green area of Óbuda at foot of Hármashatárhegy forest. 16 blocks of 5 apartments each, with units from 55 sqm to penthouse apartments with panoramic terraces. Basement garages connected by elevator.
• Attila99LOFT Residential Building Luxury apartment building at Attila út 99 offering hotel-quality services for long-term rentals. 16 apartments with 24-hour concierge, fitness, wellness, inner garden, dedicated mobile app, and automated parking. First of its kind in Hungary.
• Andrássy 80+82 Development Project Boutique hotel development on World Heritage Andrássy Street at numbers 80 and 82. Planned 70-room 4-star hotel with 5,800 sqm total area and exclusive internal park. Development in progress.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CPI Property Group: Largest CEE real estate conglomerate with diversified office, retail, hospitality and residential assets across the region; comparable as a broad incumbent in the same property sub-categories that BIF operates in.
• Immofinanz: Austrian commercial real estate company with office and retail assets across CEE; comparable as an established regional player in BIF's primary asset class.
• GTC: CEE-focused commercial real estate investor and developer with office, retail and mixed-use assets including in Hungary; comparable as a regional incumbent operating in BIF's market.
• S IMMO: Austrian-listed real estate investor with commercial assets in CEE; comparable as a regional incumbent operating in the same geography and asset categories as BIF.

Direct peers

• CA Immobilien Anlagen: Austrian-listed REIT specialized in office properties across Germany, Austria and CEE; one of the closest publicly listed office-focused comparables for BIF's office-heavy portfolio.
• Futureal Group: Hungarian-founded real estate developer with significant office and mixed-use projects in Budapest and other CEE capitals; comparable for office development pipeline in BIF's home market.
• HB Reavis: Slovak-headquartered office developer active across CEE including Budapest; comparable for office development pipeline and Grade-A office positioning similar to BIF's A-category stock.
• WING: Hungarian real estate development and investment group with mixed-use office, retail and hotel holdings in Budapest, comparable in geography and asset mix to BIF's diversified Budapest portfolio.
• Indotek Group: Hungarian real estate investment and management firm with a diversified portfolio of offices, retail and logistics in Budapest; comparable for asset mix and operational model in the same local market.
• Atrium European Real Estate: CEE-focused real estate company with income-producing retail and office properties; comparable as a publicly listed CEE property investor with a multi-country, multi-asset approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/budapesti-ingatlan-nyrt-

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Budapesti Ingatlan Nyrt