BIF Nyrt.

BIF Nyrt. (Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt.; also known in English as Budapest Real Estate Plc or BIF Plc.) is a Hungarian real estate company and regulated real estate investment trust (REIT) founded in 1994. Its core business covers the development, management and operation of a property portfolio concentrated on the Budapest market. The portfolio includes strategically positioned office and hotel buildings, many of them of historical significance, located mainly in central districts of the Hungarian capital. The company describes itself as a dominant operator in the Budapest property market for more than a quarter of a century, and states that its goal is to continue developing iconic, trendsetting properties in the city. It positions itself as a dynamic yet reliable and stable public company, with core values of predictability, flexibility and loyalty, and with tenant satisfaction as a central objective. Its stated commitment to unique locations for its properties and developments is presented as a non-negotiable principle. BIF Nyrt. has been listed on the Budapest Stock Exchange since 1998, which allowed it to raise capital for growth. In October 2018 its shares were admitted to the Premium category of the Budapest Stock Exchange, and at the end of 2018 the company obtained the status of a regulated real estate investment company (REIT). The company is also associated with the BUMIX index of the Budapest Stock Exchange. Beyond its commercial activity, BIF Nyrt. presents itself as a socially responsible corporate citizen. Its corporate social responsibility activities include support for the Hungarian Interchurch Aid, sponsorship of summer camps for disadvantaged children in Kastélyosdombó, and participation in the building and handover of the Sure Start Children's Home in Boldogkőújfalu, which provides early training for children in deep poverty and social and employment support for their parents. The company is led by Dr. Anna Ungár, Chairman of the Board of Directors and CEO. Its management and staff include specialists in property development and construction, finance and accounting, controlling, legal affairs, sales, facility management and operations.

BIF Nyrt. was founded in 1994, making it one of the early players in the post-socialist real estate market in Budapest. A major milestone was its listing on the Budapest Stock Exchange in 1998, which allowed the company to generate capital for growth. Over the following two decades, BIF established itself as a local real estate developer and built an extensive portfolio of strategically located buildings, including office and hotel complexes, many of which have historical significance. Another important development was the admission of BIF shares to the Premium category of the Budapest Stock Exchange in October 2018, as well as the attainment of regulated real estate investment company (REIT) status at the end of 2018. The company has been a dominant operator in the property market of the Hungarian capital city for 27 years, a period during which Budapest underwent spectacular development. BIF states that its goal is to keep on breathing together with Budapest, enriching the city by developing iconic, trendsetting properties. BIF Plc. describes itself as a dynamic company full of plans and ideas, and at the same time a reliable and stable public company proud of its history. It emphasizes that all customers, business partners and suppliers should feel safe with it, because its core values are predictability, flexibility and loyalty. Tenant satisfaction is presented as the most important goal for its employees, and the unique locations of its properties and developments are described as a point on which the company never compromises. In addition to its commercial activities, BIF Nyrt. has engaged in corporate social responsibility. In 2020 it sponsored the children's camp of Kastélyosdombó, a camp organized for disadvantaged children held by The Hungarian Interchurch Aid. In 2021, thanks to the support of BIF Nyrt., The Hungarian Interchurch Aid organized one of its regular summer camps in Kastélydombó as part of the Catch Up Programme with the participation of disadvantaged children. With the support of The Hungarian Interchurch Aid, the company also took part in the building and handover of the Sure Start Children's Home in Boldogkőújfalu, which provides early training for children in deep poverty and social and employment support for their parents. BIF states that it feels it has a corporate social responsibility, which is why it considers it important that, apart from serving its business partners and tenants, it provides support to those in need.

• 2021

  Supported The Hungarian Interchurch Aid's regular summer camp in Kastélydombó as part of the Catch Up Programme with disadvantaged children.

• 2020

  Sponsored the children's camp of Kastélyosdombó organized by The Hungarian Interchurch Aid for disadvantaged children.

• 2018

  BIF shares admitted to the Premium category of the Budapest Stock Exchange.

• 2018

  Obtained the status of a regulated real estate investment company (REIT).

• 1998

  Listed on the Budapest Stock Exchange, enabling the company to generate capital for growth.

• 1994

  BIF Nyrt. founded, becoming one of the early players in the post-socialist real estate market in Budapest.

A dominant and reliable public real estate operator in Budapest, focused on iconic, trendsetting properties in unique locations, with predictability, flexibility and loyalty as core values.

• Office buildings

  Strategically positioned office properties, many of historical significance, mainly in central Budapest.

• Hotel buildings

  Hotel properties within the company's Budapest-focused portfolio.

• Property development

  Development of iconic, trendsetting properties in unique locations.

• Property management and operation

  Management and operation of the company's real estate portfolio.

1. 1BIF – Corporate Social Responsibilitybif.hu
2. 2BIF – Missionbif.hu
3. 3BIF – Our Teambif.hu
4. 4BIF Nyrt. – Wikidatawikidata.org
5. 5BIF Nyrt. – Wikipedia (German)de.wikipedia.org
6. 6BIFbif.hu