In May 2019, AddVal was contracted to perform the facility management tasks of the beautiful Merkúr Palota building in the city centre. The historic office building is represented by investment management firm GalCap Europe, which also represents the Central Udvar office building (also managed by AddVal).
"We are delighted that the building owners want to work with us. We have performed the property and facility management in Central Udvar for 26 years – despite five changes of ownership, and have now worked with GalCap for 2 years,” said Hubert Mühringer, Managing Director of AddVal.
"For the past few years, the professional team at AddVal and the high level of satisfaction of our tenants has delivered success to Central Udvar. We fully expect this success to continue now in the facility management at Merkur Palota” said Paul Hallam of GalCap Europe.

AddVal manages a portfolio of different properties in Budapest and its vicinity, more than 80,000 m2, for international customers and investors alike. It provides a comprehensive range of services including property development, design & engineering services, project management, revenue and property engineering management, and rental services.
In addition, the company receives several assignments for brokerage activities which contribute to the sale of Budapest and rural properties.
Main references: Central Udvar, Austria House, Corner6 Business Centre, iCorner, Merkúr Palota, Allee shopping Centre
Their main customers are: GalCap Europe, Goldman Sachs, List Group, Wigan Acquisition, UNICEF, ASUS Hungary, McCann, Eximbank, Fox.