The financing will support the development of approximately 130 residential units across two prime locations in the Hungarian capital. Baker McKenzie provided legal advisory services to UniCredit Bank on the transaction, while Grant Thornton served as technical supervisor on both projects.
Project Overview
Mara Residence, District IX
The Mara Residence project comprises of 67 apartments and 2 retail units and is currently in the structural construction phase. The development has already secured 70% pre-sales, demonstrating strong demand in Budapest’s dynamic District IX.
Liget Villa, District VII
Located in the heart of Budapest and surrounded by historic landmarks, Liget Villa will deliver 61 residential units. Following successful pre-sales, the project has entered the construction phase, with development progressing as planned.
Strategic Return to Residential Market
“We are delighted to extend our previous successful cooperation to our two latest residential projects with UniCredit Bank,” said Bence Boronkay, representing Faedra Group. “Our return to the residential market is strategic and we intend to continue to play an active role in its revitalisation. The sales success of these projects confirms the Group’s plans in this direction.”
“We are pleased to support Faedra Group’s return to Budapest’s residential market,” said Zölei András, Head of Real Estate Project Finance at UniCredit Bank Hungary Zrt. “The strong pre-sales results on both projects reflect the quality of these developments and the growing demand in the market. We look forward to continuing our successful partnership with Faedra Group.”
The financing agreement reflects growing confidence in Hungary’s residential development sector and underscores Faedra Group’s positioning as an active player in Budapest’s urban regeneration.
