Indotek Group Renovates Another Shopping Center

Indotek Group, a real estate, private equity investment and asset management company, has renovated another shopping center: this time, the group has completed the interior renovation of Balaton Plaza in Veszprém, the company told MTI on Monday.

According to the announcement, the group owns more than 70 shopping centers and retail units in Hungary and abroad, 13 of which have undergone comprehensive renovations in recent years, with sustainability and energy efficiency also playing a role.

The renovation began last year with external refurbishment work and insulation of the roof structure, which was necessary because a high-performance solar power plant began operating on the roof of the plaza in February this year.

The green energy produced is used entirely by Balaton Plaza, significantly reducing the shopping center's environmental impact. As part of the renovation, the interior spaces were also given a new look.

Indotek, which is present in 12 European countries, manages assets worth nearly EUR 2 billion, a portfolio of more than 350 properties, and has more than 620 employees.