Biggeorge Property

What Biggeorge Property does

Biggeorge Property (legal entity: Biggeorge Property Nyrt; website operator: BN Ingatlanfejlesztő Zrt.) is a vertically integrated Hungarian real estate development group headquartered in Budapest, operating through wholly-owned subsidiaries spanning the full real estate value chain: residential development (Biggeorge Homes), logistics/industrial development (Logstar), construction/general contracting (GroundUp, est. 2017), leasing and property management (Urbanrent), real estate fund management (Biggeorge Fund Management), and REIT operations (Biggeorge REIT). The group develops and sells apartments, logistics facilities, Class A and BREEAM-certified office buildings, and boutique hotels (Emerald Hotel & Suites, Paris Maison) across Budapest, Lake Balaton, and select secondary cities (e.g., Debrecen, Győr, Székesfehérvár, Tata).

Its core technology is conventional sustainable building engineering rather than software or AI: post-2018 residential developments incorporate geothermal heating, ceiling cooling-heating systems, LED lighting, smart meters, thermal insulation, and green roofs, with buildings achieving AA+ energy classification. The flagship Waterfront City project (Óbuda, Danube bank) is positioned as a 'smart city' district with green roofs, smart functions, and ceiling cooling-heating across multiple phases targeting 1,400+ apartments on 5 hectares. Group scale includes HUF 158 billion+ in managed project portfolio value, 2,291 apartments under construction, 2,067 apartments already built, 160,000 m2 under management, and 400,000 m2 of logistics development pipeline.

The business model is hybrid: one-time sale revenue from developed residential, commercial, industrial, and logistics properties is complemented by recurring managed-services revenue from property/leasing management (Urbanrent), fund management (Biggeorge Fund Management), and REIT operations (Biggeorge REIT). Customer segments split between private residential buyers and investors (long-tail), and enterprise/corporate clients (DPD, Rudolph Logistik Gruppe, AUDI Hungary via Panopa Logistik, Trans-Sped, One Broadcast) on the logistics/industrial side. The group also offers real estate investment products through the Budapest Stock Exchange (BÉT Xbond, BÉT Xtend). Pricing is quote-based across both residential and B2B channels, with no public list pricing. Distribution is direct: sales offices, website inquiry forms, and dedicated investor relations (János Szuda). The group is led by founder and CEO Tibor Nagygyörgy.

Name

Biggeorge Property

Legal name

Biggeorge Property Nyrt

Website

https://biggeorgeproperty.hu

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Biggeorge Property is a vertically integrated Hungarian real estate developer (residential, logistics, office, hotel) operating through subsidiaries including Biggeorge Homes, Logstar, GroundUp, Urbanrent, and Biggeorge REIT, serving private buyers, enterprise tenants, and institutional investors across Budapest and Hungary.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate (531), Real Estate Property Managers (53131), Residential Property Managers (531311), Lessors of Miniwarehouses and Self-Storage Units (53113), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Investment Trusts (6798), Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Office Real Estate Asset Management (BPAJAMAG), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Residential property development
• Commercial real estate
• Logistics real estate
• Asset management services
• Real estate investment

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development Sales: Primary revenue from selling developed residential, commercial, industrial, and logistics properties. The company develops and sells apartments, office buildings, and industrial facilities. Properties include Waterfront City residential complex, Westside Garden, and various Logstar Park logistics facilities.
2. Property Management and Leasing: Asset management services through UrbanRent subsidiary for properties owned by investors who purchased from Biggeorge Property. Full range of services from condition assessment to complete operation.
3. Fund Management: Biggeorge Fund Management Plc. provides real estate-related investment opportunities for private and institutional investors. Revenue from managing real estate investment funds.
4. Construction Services: GroundUp subsidiary provides professional building construction solutions. Mission to provide complete, professional building construction solutions of outstanding quality.
5. REIT Operations: Biggeorge REIT manages property and asset management, in addition to selling and purchasing own real estate, creating real estate investment schemes.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Biggeorge Property is Hungary's market-leading integrated real estate development group that develops, sells, and leases residential, commercial office, logistics/industrial, and hotel properties across Budapest, Lake Balaton, and other Hungarian regions. The group operates through specialized subsidiaries covering the full real estate value chain: residential development (Biggeorge Homes), construction (GroundUp), logistics (Logstar), property leasing and management (Urbanrent), real estate fund management (Biggeorge Fund Management), and REIT operations (Biggeorge REIT), managing a portfolio of development projects worth more than HUF 158 billion.

Product overview

Biggeorge Property is Hungary's market-leading integrated real estate development company operating through multiple specialized subsidiaries. The core offering spans residential developments (Biggeorge Homes with projects like Waterfront City, Westside Grand, Cosmo Residence, Silverbay Residence, Szemesbay Resort), industrial/logistics properties (Logstar brand including LogStar Parks), commercial office buildings (Bécsi Corner, Parkway, Bethlen, Pauler Corner), boutique hotels (Emerald Hotel & Suites, Paris Maison), and supporting services including fund management, property leasing/management (Urbanrent), construction (GroundUp), and REIT operations. The company manages projects worth over HUF 158 billion across Budapest and Lake Balaton.

Differentiator

Problem solved

Functional benefit

Brands

• Biggeorge Homes: Residential real estate brand of Biggeorge Property offering apartments, villa parks, and waterfront properties in Budapest and Lake Balaton.
• Logstar
• Biggeorge Fund Management
• GroundUp
• Urbanrent
• Biggeorge REIT
• City Collection
• LogStar Park

Products and services

• Waterfront City Smart city district development on 5 hectares along the Danube in Óbuda, Budapest, featuring 1,400+ apartments, green roofs, smart functions, ceiling cooling-heating systems, and sustainable design; awarded FIABCI World Prix d'Excellence in 2025. Targeted at homebuyers and investors.
• Biggeorge Homes (Biggeorge Otthonok) Residential Brand

Quantifiable outcome

• AA+ energy classification for residential buildings, higher than required standards
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Óbuda GroupminorStrategic or Co-development PartnerArchitectural and design partner for various development projects.
• ZDA-Zoboki Építésziroda Kft.coreStrategic or Co-development PartnerLead architect Gábor Zoboki designed Sasad Liget large-scale residential development spanning over 13 hectares in Budapest's 11th district.
• Tér 64 Stúdió Kft.coreStrategic or Co-development PartnerArchitectural partner that designed Sasad Liget phases 3 and 4 with individually tailored apartments and spacious layouts.
• 3H ÉpítészirodaminorStrategic or Co-development PartnerArchitectural partner for development projects.
• CÉHminorStrategic or Co-development PartnerArchitectural partner for various development projects.
• ModelartminorStrategic or Co-development PartnerArchitectural partner for development projects.
• OK2 Építész IrodaminorStrategic or Co-development PartnerArchitectural partner for development projects.
• GroundUp Építőipari Kft.coreStrategic or Co-development PartnerConstruction subsidiary established in 2017 to provide complete, professional building construction solutions. Provides in-house construction capabilities for Biggeorge Property developments.
• UrbanRent Management Kft.coreChannel Partner/ Reseller/ DistributorProperty management subsidiary providing leasing and operation services for investment properties purchased from Biggeorge Property. Full service from condition assessment to complete operation.
• A-K ConstructioncoreStrategic or Co-development PartnerJoint venture partner with Biggeorge Property for AUDI Logistics built-to-suit development in Győr, a 72,000 sqm project completed in 2013.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• WING: WING is one of Hungary's largest privately held real estate development and investment companies, active in office, retail, hotel, and residential developments in Budapest and CEE. Comparable to Biggeorge Property as a top-tier Hungarian integrated developer with sustained market presence.
• Futureal Group: Futureal Group is a major Hungarian and CEE real estate developer behind landmark projects including Budapest's Etele Plaza and other mixed-use schemes. Directly comparable to Biggeorge Property in scale, Budapest focus, and large mixed-use development expertise.
• DVM Group: DVM Group is a Hungarian-based real estate development company with activities in residential, office, and logistics properties. Comparable to Biggeorge Property in product breadth and Hungarian market focus.
• Indotek Group: Indotek Group is a leading Hungarian real estate investment and property management firm with significant office and retail portfolios in Budapest. Comparable to Biggeorge Property as a Hungarian integrated real estate owner and operator.

Broad incumbents

• CPI Property Group: CPI Property Group is one of the largest CEE real estate owners and developers, with significant Hungarian assets and pan-European institutional scale. Comparable to Biggeorge REIT and Fund Management operations.
• GTC (Globe Trade Centre): GTC is a leading CEE real estate developer and asset manager operating offices, retail, and mixed-use properties across Hungary, Poland, Romania, and Serbia. Comparable to Biggeorge Property in office and asset management focus, though wider geographic and product breadth makes it a broader incumbent.
• Skanska Property Hungary: Skanska's Hungarian operations develop and lease commercial office and residential properties. A broader international incumbent with deep sustainability credentials, comparable to Biggeorge Property on green buildings and office development.

Regional players

• HB Reavis: HB Reavis is a CEE-focused commercial real estate developer (offices, mixed-use) with projects across Hungary, Slovakia, Poland, and Czechia. Comparable to Biggeorge Property's office and commercial development activity in the same CEE geography.
• CA Immo: CA Immobilien Anlagen AG is a Vienna-listed real estate specialist focused on office properties across Austria, Germany, and CEE markets including Hungary. Comparable to Biggeorge Property's office and asset management capabilities.
• Atenor: Atenor is a Belgian-listed real estate developer with offices and residential projects across Belgium, France, Germany, Romania, Hungary, and Poland. Comparable to Biggeorge Property in large-scale sustainable office/residential development in Hungary and CEE.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC_Dmu8GXK81LTa6k1VUweSw/videos
• Facebookfacebook.com/biggeorgeproperty
• LinkedInlinkedin.com/company/biggeorge-property-inc
• Instagraminstagram.com/biggeorge_property

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

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 Biggeorge Property