Investment Funds

Biggeorge 14 Real Estate Developer Real Estate Investment Fund

Real Estate Portfolio

The Fund intends to purchase the real estate registered by the Budapest Government Office for the 11th District under title number 1996/23 in the urban area of Budapest 11th District, located at Budapest 11th District Maléter Pál utca 3, classified as an undeveloped area on non-agricultural land, with a total floor area of 3,366 m2, as well as the real estate registered by the Budapest Government Office for the 11th District under title number 1996/21 in the urban area of Budapest 11th District, located at Budapest 11th District Beregszász utca 6/b, classified as an undeveloped area on non-agricultural land, with a total floor area of 11,038 m2 (collectively: the Real Estate), at the market price established by the appraiser of the Fund, from the “Biggeorge 4” Real Estate Development Real Estate Investment Fund, which is also managed by the Fund Management Company.

The Fund intends to use the Real Estate to carry out a proprietary investment for the construction of 46 apartments, 6 retail units, 55 storage units and 40 parking spaces under the name of “Sasad Liget Apartments Phase 6”, and for the construction of 141 apartments, 139 storage units and 140 parking spaces under the name of “Sasad Liget Apartments Phase 7” (hereinafter collectively: the Project), as its own investment.