FEV IX. Zrt.

What FEV IX. Zrt. does

FEV IX. Ferencvárosi Vagyonkezelő és Városfejlesztő Zrt. (trading as FEV IX. Zrt.) is a wholly municipally-owned joint-stock company providing public services exclusively for Budapest's District IX (Ferencváros) Local Government. Founded in 1992 as Hungary's first SEM (Société d'Economie Mixte) modeled on the French mixed-economy company structure — with the Ferencváros municipality, OTP Bank, and French Caisse des Dépôts et Consignations as founding shareholders — the company became 100% municipally owned in October 2010. It operates four integrated service divisions: Property Management (vagyonkezelés) handling municipal residential and commercial real estate administration; Parking Management (parkolás) operating paid parking zones, permits, and enforcement; Urban Development (városfejlesztés) executing rehabilitation projects, building renovations, and public infrastructure; and Public Procurement (közbeszerzés) managing procurement procedures for the municipality and its subsidiaries. The company is organized with approximately 10 employees, supplemented by outsourced contractors for project execution, and supports its operations with two core technology platforms: the sERPa integrated enterprise resource planning system for administrative functions, and the Parkolás Ügyviteli Rendszer (Parking Management System) for parking fee collection, permit management, and enforcement operations.

Revenue is generated exclusively through public service contracts funded by the municipal budget, supplemented by parking fees from district residents and visitors, per-unit monthly fees from housing associations (2,600-6,615 HUF per apartment per month), and EU-funded urban rehabilitation grants. Disclosed 2024 contract values total approximately 2 billion HUF across property management (960.2M HUF gross) and parking (1,061.974M HUF gross), with an additional 204.9M HUF subsidy contract for 2025. The customer base is structurally limited to a single entity — the Ferencváros Local Government — which is both the sole owner and primary client, creating a captive service relationship with no commercial competitors within the district. The company has no external geographic reach, no listed shares, and no venture or private equity backing. Its competitive position rests on a regulatory monopoly rather than market-based differentiation, reinforced by international urban development awards including the 1998 FIABCI World Prix d'Excellence and 2016 FIABCI Master Plan Grand Prize.

Name

FEV IX. Zrt.

Legal name

FEV IX. Ferencvárosi Vagyonkezelő és Városfejlesztő Zrt.

Website

https://fevix.hu

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

FEV IX. Zrt. is a wholly municipally-owned company providing property management, parking operations, urban development, and public procurement services exclusively to Budapest's District IX (Ferencváros) Local Government, operating under captive public service contracts within a single geographic district.

Ownership category

akta.pro rank

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Közszolgáltatási szerződés - Vagyonkezelés: Public service contract for property management of municipal-owned residential properties and buildings. Revenue is contract-based, funded by the municipality through annual budget allocations.
2. Közszolgáltatási szerződés - Parkolás: Public service contract for parking operations including parking fee collection, enforcement, and penalty administration. Generates revenue through parking fees and penalty charges.
3. Urban Development Project Management: Urban redevelopment projects commissioned by the municipality, including building renovations, public space improvements, and infrastructure development.
4. Társasházi közös képviselet: Housing association management services provided to various apartment buildings in the district for a monthly fee per unit.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

FEV IX. Zrt. is a wholly municipally-owned service company providing integrated public services for Budapest's District IX (Ferencváros). The company delivers municipal property management, parking operations, urban development and rehabilitation projects, and public procurement administration through direct public service contracts with the Ferencváros Local Government.

Product overview

FEV IX. Ferencvárosi Vagyonkezelő és Városfejlesztő Zrt. is a wholly municipally-owned joint-stock company providing public services for Budapest's District IX (Ferencváros). The company operates four integrated service divisions: (1) Vagyonkezelés (Property Management) handling municipal real estate administration, tenant management, and building maintenance; (2) Parkolás (Parking Management) operating paid parking systems, permit issuance, and enforcement; (3) Városfejlesztés (Urban Development) executing rehabilitation projects, building renovations, and public infrastructure; and (4) Közbeszerzés (Public Procurement) managing procurement procedures for the municipality. This is a government service company rather than a software product company—it delivers operational services to citizens and the local government rather than a technology platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Vagyonkezelés (Property Management) Manages municipal residential and commercial properties including maintenance, tenant relations, and property administration for the Ferencv\u00e1ros district under public service contract with the Budapest IX. ker\u00fclet Ferencv\u00e1ros \u00d6nkorm\u00e1nyzata. Services cover the district's housing portfolio including newly built social rental apartments.
• Parkolás (Parking Management) Operates paid parking zones, issues parking permits, manages parking enforcement, and handles penalty collection for the Ferencv\u00e1ros district. Includes the operation of the proprietary Parkol\u00e1s \u00dcgyviteli Rendszer (Parking Management System) for parking fee collection, permit management, and enforcement operations.
• Városfejlesztés (Urban Development) Plans and executes urban rehabilitation projects, building renovations, public space improvements, and infrastructure development throughout the Ferencv\u00e1ros district. Key projects include Ferencv\u00e1rosi Eg\u00e9szs\u00e9g\u00fcgyi Szolg\u00e1ltat\u00f3 K\u00f6zpont b\u0151v\u00edt\u00e9se, Ecseri \u00fat felsz\u00edni t\u00e9rrendez\u00e9se, G\u00e1t u. 24-26 renovation, and M\u00e1rton u. 8 renovation.
• Közbeszerzés (Public Procurement) Conducts public procurement procedures and manages procurement documentation for the Ferencv\u00e1ros municipality and its subsidiaries. The service includes executing public procurement procedures (Lefolytatott elj\u00e1r\u00e1sok) and maintaining procurement records under Hungarian public procurement law.
• Társasházi közös képviselet (Housing Association Common Representation) Provides common representation and building management services to apartment building associations (Társasházak) in the Ferencváros district for a monthly per-unit fee ranging from 2,600 Ft to 6,615 Ft + VAT depending on the building.

Quantifiable outcome

• 134 outdated rental apartments replaced with 106 new social rental apartments in József Attila Terv I. project
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Budapest Főváros IX. Kerület Ferencváros ÖnkormányzatacoreStrategic or Co-development Partner · 6 October 2010The sole owner of FEV IX. since October 6, 2010, when it acquired 100% of shares. The municipality provides all core revenue through public service contracts for property management, parking operations, and urban development. Total 2025 funding amounts to approximately 362 billion HUF across service contracts and subsidies.

Scale indicators5 records

Recent moves9 records

Expansion highlights4 records

Regional players

• Citallios: Citallios is a French SEM (Société d'Économie Mixte) operating urban development and real estate projects in the Île-de-France region, following the same SEM model on which FEV IX. was originally founded in 1992. It provides a comparable international reference point for the SEM-based urban development business model.
• FKF Zrt. (Fővárosi Közterület-fenntartó): FKF Zrt. is Budapest's city-level public space maintenance and waste management company, municipally owned and operating complementary urban management services. It is comparable to FEV IX. as a fellow Budapest municipal service company, though operating at city rather than district level with a different service scope (waste vs. property).
• BMSK Zrt. BMSK Beruházási, Műszaki Fejlesztési, Sportüzemeltetési és Közbeszerzési Zrt. is a Hungarian state-owned company managing large-scale public investments, sports facility development, and public procurement. It is comparable to FEV IX.'s public procurement and urban development project management role, though operating at the national/state level rather than municipal district level.

Direct peers

• Városgazda XVIII Kft. Városgazda XVIII is the municipally-owned property management and urban services company for Budapest XVIII. kerület (Pestszentlőrinc-Pestszentimre). It performs a directly comparable role to FEV IX. in terms of municipal property management, district maintenance, and public service delivery for a Budapest district.
• Rév8 Zrt. Rév8 Zrt. is Budapest VIII. kerület (Józsefváros) district's urban renewal and property management company, performing a structurally identical role to FEV IX. for an adjacent Budapest district. Both are municipal-owned entities delivering integrated urban regeneration, property management, and district revitalization services.

Broad incumbents

• Magyar Nemzeti Vagyonkezelő (MNV): MNV is the Hungarian state asset management company overseeing state-owned real estate and corporate shareholdings. It is comparable to FEV IX. as a state-affiliated asset/property manager, though operating at national level rather than municipal district level and with a much broader portfolio scope.
• BKM Budapesti Közművek: BKM Budapesti Közművek is the Budapest city-level municipal services holding company that consolidates district-level public services including waste management, public space maintenance, and utility operations. As a broader municipal services incumbent, it provides context on how Budapest organizes municipal service delivery, though FEV IX. operates at the district level.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fevix-zrt.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 FEV IX. Zrt.