Finext

What Finext does

Finext Vagyonkezelő Nyilvánosan Működő Részvénytársaság (trading as Finext Nyrt.) is a Hungarian publicly listed real estate investment company headquartered at 1082 Budapest, Futó u. 47-53., VII. emelet. Founded on July 8, 2009 with 500 million HUF in initial capital, the company was converted to a public limited company (Nyrt.) on July 28, 2009 and listed on the Budapest Stock Exchange on November 16, 2009 under tickers FINEXT and FINEXT2. Effective September 30, 2018 it operates in compliance with Hungary's Regulated Real Estate Investment Company Act (2011. évi CII. törvény / Szit tv.), giving it a favorable tax and regulatory framework under which to expose investors to Hungarian real estate through the capital markets.

The company's underlying asset/business is the acquisition, development, and active management of income-producing real estate — primarily office, commercial, and residential properties, and secondarily logistics assets — held either directly or through project companies. Its current disclosed portfolio consists of two anchors: Budapest ONE 1, a 65,400 m² office park development at H-1112 Budapest, Balatoni út 2 a. with amenity infrastructure (canteen, sports center, parking for ~900 vehicles), and Antares, a 13-story 9,400 m² office complex in Warsaw with 229 parking spaces near the M1 Wilanowska metro station. Total share capital stands at 9 billion HUF, split across Series A (500,000 shares at 1,000 HUF par) and Series B (17,000,000 shares at 500 HUF par).

The revenue model is recurring rental income from the property portfolio, supplemented by the value-creation upside from active asset management. Distribution is effectively stock-exchange-based: investors access the underlying real estate via public shares under continuous MNB capital-markets supervision, with shareholder communications, voting-rights disclosures, and statutory reports (e.g., the H1 2024 and 2021 consolidated annual report) published on a regular cadence. Strategic intent is articulated as expanding into additional institutional and private investors and broadening the asset base across office, retail, residential, and logistics segments.

Name

Finext

Legal name

Finext Vagyonkezelő Nyilvánosan Működő Részvénytársaság

Website

https://finextnyrt.hu

Company type

Public

Founded year

2009

Operating status

Operating

Short description

Finext Nyrt. is a Hungarian publicly listed real estate investment company operating under the country's SITV (Regulated Real Estate Investment Company) framework, holding a portfolio of office and commercial properties — anchored by Budapest ONE 1 in Budapest and Antares in Warsaw — to generate recurring rental income for public-market investors.

Ownership category

akta.pro rank

Product category

Real Estate Investment

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Real Estate (6500)

akta.pro primary industry

Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

akta.pro secondary industry

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Real estate investment
• Asset management
• Office properties
• Commercial real estate
• Regulated REIT

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, Others

Revenue model

1. Rental Income: The company generates rental revenue from continuously rental-income-generating properties, primarily office, commercial, and residential real estate, and secondarily logistics properties. Properties may be developed or purchased either directly or through project companies.

Distribution channels1 record

Marketing channels2 records

Core offering

Finext Nyrt. is a publicly listed Hungarian real estate investment company operating as a Regulated Real Estate Investment Company (SITV/SZIT) under Hungarian law (2011. évi CII. törvény). It develops, acquires, and manages rental-income-generating properties — primarily office, commercial, and residential real estate, and secondarily logistics properties — either directly or through project companies. The current portfolio consists of two main assets: Budapest ONE 1 (an office park in Budapest) and Antares (an office complex in Warsaw, Poland).

Product overview

Finext Nyrt. is a publicly listed Hungarian real estate investment company operating as a Regulated Real Estate Investment Company (SZIT) under Hungarian law (2011. évi CII. törvény). The company's core business is property asset management, focusing on continuous rental income-generating properties. Its portfolio currently consists of two main real estate assets: Budapest ONE 1, an office park development in Budapest with 65,400 m² GLA, and Antares, a 9,400 m² office building in Warsaw, Poland. The company targets office, retail, and residential properties, as well as logistics real estate for development or acquisition.

Differentiator

Problem solved

Functional benefit

Products and services

• Budapest ONE 1 An office park development located at Őrmező in Budapest (the 'western gate' of the city) with 65,400 m² of floor area, special facade design, and amenities including a worker canteen and café, sports center, ATM, garden, grocery store, dry cleaner, and underground parking for approximately 900 vehicles. Targeted at office and commercial tenants.
• Antares A 13-story office complex in Warsaw, Poland, with 9,400 m² of office space and 229 parking spaces, currently undergoing modernization to meet 21st-century requirements. Located near the M1 Wilanowska metro station and close to Galeria Mokotów shopping center. Targeted at office tenants.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Immofinanz: Austrian commercial real estate company with retail and office assets across CEE. Comparable as a publicly listed CEE real estate investor with overlapping office exposure in Budapest and broader geographic diversification, though with a much larger portfolio.
• CA Immo: Austrian-listed office-focused real estate investment company with assets across CEE including Budapest. Comparable as a regulated, publicly listed CEE office investor with similar exposure to Hungarian and regional office cycles, though at substantially larger scale.
• CPI Property Group: One of the largest CEE real estate platforms, listed in Prague, with extensive office, retail, residential, and hospitality assets across the region including Hungary. Comparable as a publicly listed CEE real estate conglomerate, though operating at substantially larger scale and broader diversification than Finext.
• Futureal Group: Major Hungarian and CEE real estate developer and investor. Compares as a closely affiliated development partner (Finext uses futurealgroup.com email domain) and as a broader incumbent operating in the same Hungarian office, retail, and residential markets with deeper development pipeline exposure.

Direct peers

• WING: Hungarian real estate development and investment company operating across CEE. Closely comparable to Finext as a Hungarian-based real estate investor-developer, though with a broader and more diversified portfolio spanning office, retail, residential, and logistics assets.
• Biggeorge Holding: Hungarian real estate development and investment group active in office, retail, residential, and logistics. Comparable as a Hungarian-based real estate investor-developer with overlapping market exposure to Finext's Budapest-focused portfolio.
• GTC (Globe Trade Centre): CEE-focused commercial real estate company listed in Warsaw and Budapest with office and retail assets in Poland, Hungary, Romania, Serbia, and Croatia. Directly comparable to Finext as a CEE commercial real estate investor — overlapping Warsaw (Antares) and Budapest (Budapest ONE 1) markets.

Regional players

• OTP Ingatlan: Hungarian real estate division of OTP Bank, active in real estate development and management within Hungary. Comparable as a Hungarian real estate operator with overlapping domestic market exposure to Finext, though structured as a bank subsidiary rather than standalone listed entity.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Finext