{"id":31426,"date":"2026-09-22T09:06:00","date_gmt":"2026-09-22T07:06:00","guid":{"rendered":"https:\/\/propertymarket.hu\/?p=31426"},"modified":"2026-10-07T09:35:10","modified_gmt":"2026-10-07T07:35:10","slug":"in-response-to-the-changing-market-environment-the-market-group-is-consolidating-its-real-estate-development-capabilities","status":"publish","type":"post","link":"https:\/\/propertymarket.hu\/en\/in-response-to-the-changing-market-environment-the-market-group-is-consolidating-its-real-estate-development-capabilities\/","title":{"rendered":"In response to the changing market environment, the Market Group is consolidating its real estate development capabilities"},"content":{"rendered":"\t\t
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The Market Group is adapting its operations to the changed economic environment, market demands, and the new industry cycle: to eliminate overlaps, increase efficiency, and maximize synergies, it is consolidating its real estate development, investment, and asset management capabilities under the Property Market umbrella. Ongoing development projects – including The Icon by Marriott Residences Budapest and Gell\u00e9rt Verdant Residences – are proceeding smoothly, while the group has also begun preparations for new projects.<\/b><\/p>\n

The real estate and construction markets have been undergoing significant structural transformation in recent times. The previous era of volume-driven expansion is giving way to an era of efficiency, prudent resource management, and focused professional operations. Market Group, the market leader, is responding to this market trend with proactive organizational development: the group\u2019s two companies specializing in strategically important development projects – Property Market Real Estate Development Ltd. and Market Asset Management Inc. – will henceforth conduct their operations under a single brand, Property Market.<\/p>\n

With this organizational integration, real estate development, technical preparation, and project management tasks – along with the entire team of professionals responsible for them – will be incorporated into the Property Market organization. With this move, the group is consolidating its development and investment expertise under one roof, strengthening its professional capabilities in serving both its own projects and external partners.<\/p>\n

In parallel with the merger, the company\u2019s financial and capital market profile is also being streamlined: S\u00e1ndor Makra will continue to serve as CEO of MAM Investment Fund Management Ltd., which was established at the end of last year to coordinate strictly supervised institutional asset management and investment structures. This clearly separates development and construction activities from capital market fund management activities at the institutional level, ensuring the independent and stable operation of capital market fundraising and financial operations.<\/p>\n

\u00c1kos Kiss, managing director of Property Market, will take over the management of the consolidated real estate development organization. Under the new structure, G\u00e1bor Nagy will serve as Chief Financial Officer, and Tam\u00e1s Fodor will serve as Chief Investment Officer. Krisztina T\u00f3th, who has been a key member of the group for more than a decade, will lead the Business Development Division and continue in her role as director within the consolidated organization.<\/p>\n

\u201cThe normalization of market conditions and the economic environment demand disciplined, rational corporate operations. For thirty years, the Market Group\u2019s strength has lain in its ability to adapt to economic conditions in a timely and flexible manner,\u201d emphasized S\u00e1ndor Scheer, chairman of the board of Market \u00c9p\u00edt\u0151 Zrt., regarding the decision. \u201cWe are not backing down; rather, we are reorganizing our existing resources into an even more efficient structure. We expect the unified team to make the most of the professional synergies within the group to ensure the high-quality execution of our existing projects, prepare new, value-creating investments, and form partnerships with other real estate developers and market players.\u201d<\/i><\/p>\n

The organizational restructuring directly supports the momentum of ongoing, high-priority investments. The revitalization of the former K\u00f6rsz\u00e1ll\u00f3 is proceeding at a steady pace; under the name The Icon by Marriott Residences Budapest, it is being developed as the country\u2019s first internationally branded residential project, while preserving the capital\u2019s iconic skyline. Also as planned, the premium residential complex Gell\u00e9rt Verdant Garden, located on Kemenes Street on the southern slope of Gell\u00e9rt Hill, is being built amid strong market interest. In addition to its existing projects, the Market Group has consistently closed new real estate transactions in recent months, laying the groundwork for future growth.<\/p>\n

With this move, the group further strengthens its market independence and competitiveness, demonstrating that a corporate structure based on quality, state-of-the-art technologies, and sound market principles is the key to stable growth even in a changing economic environment.

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The Market Group is adapting its operations to the changed economic environment, market demands, and the new industry cycle: to eliminate overlaps, increase efficiency, and maximize synergies, it is consolidating its real estate development, investment, and asset management capabilities under the Property Market umbrella. Ongoing development projects \u2013 including The Icon by Marriott Residences Budapest and Gell\u00e9rt Verdant Residences \u2013 are proceeding smoothly, while the group has also begun preparations for new projects.<\/p>\n","protected":false},"author":7,"featured_media":31440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-31426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-market"],"yoast_head":"\nIn response to the changing market environment, the Market Group is consolidating its real estate development capabilities - Property market<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertymarket.hu\/en\/in-response-to-the-changing-market-environment-the-market-group-is-consolidating-its-real-estate-development-capabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In response to the changing market environment, the Market Group is consolidating its real estate development capabilities - Property market\" \/>\n<meta property=\"og:description\" content=\"The Market Group is adapting its operations to the changed economic environment, market demands, and the new industry cycle: to eliminate overlaps, increase efficiency, and maximize synergies, it is consolidating its real estate development, investment, and asset management capabilities under the Property Market umbrella. 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