We have successfully negotiated a 3-year financing agreement with Raiffeisen Bank Hungary for the total amount of over HUF 24 billion (EUR 60 million) for the development of Seven Pearl project, an exclusive residential complex in the heart of Budapest.
The financing agreement between Polat Hungary Kft.’ s subsidiary Pearl Real Estate Development Kft. and Raiffeisen Bank Hungary sets a new milestone on the premium residential real estate construction market in Budapest. Baker & McKenzie acted as a legal advisor to Raiffeisen Bank Zrt. in the transaction.
Seven Pearl combines Sustainability, Quality and Long-Term Vision
Situated in the very centre of Budapest’s historic 7th district, often referred to as the “Jewish Quarter,” Seven Pearl project enjoys a prime location since it is directly neighbouring the majestic Great Synagogue, a UNESCO World Heritage Site. This location is the cultural and social hub of Budapest, surrounded by world-class dining, shopping, and entertainment options. The focus on sustainable and high-quality construction, alongside the long-term vision goes hand in hand with the investment strategy of Polat Holding, the parent company of Polat Hungary Kft. Seven Pearl will consist of over 160 apartments and 10 retail units and is expected to be completed by the end of 2027.
At the heart of every project by Polat Holding, both in Türkiye and abroad, is the commitment to adding value to the city, neighbourhood, and residents. We believe Seven Pearl can become a symbol of our development vision. This financial partnership with Raiffeisen Bank shall provide a great advantage, enabling Polat Holding to safely bring our vision to life while creating lasting value for generations to come. (Kaan Yücel, Executive Member of the Board of Directors, Polat Holding)
Raiffeisen Bank is Strengthening its Portfolio in line with its Sustainability Strategy
The financing agreement aligns with Raiffeisen Bank’s broader investment strategy of supporting the development of sustainable, high-quality assets that create long-term value. Premium residential projects like Seven Pearl, developed by seasoned sponsors, such as Polat Holding, have historically demonstrated strong demand among buyers seeking value that lasts decades.
At Raiffeisen Bank, sustainability is a core commitment of our long term strategy. We are dedicated to investing together with our clients in sustainable real estate projects that contribute to a greener and more responsible future. This shared focus makes our cooperation with Polat Holding a particularly valuable opportunity, further strengthened by the recent financing of Seven Pearl. (Ferenc Kementzey, Deputy CEO, Raiffeisen Bank Zrt.)
Seven Pearl: where Luxury meets Heritage
Nestled in the heart of Budapest’s vibrant 7th district, Seven Pearl redefines luxury living by harmonizing modern sophistication with the rich cultural heritage of one of Europe’s most iconic neighbourhoods. Located at Dohány Street 10. and Síp Street 8-10., just steps away from the Great Synagogue the largest synagogue in Europe—this exclusive residential development offers a unique opportunity to experience life in a prestigious setting steeped in history.
At Seven Pearl, true luxury is not merely about opulence but also about creating a meaningful connection between people, place, and time. The mission of the development is to provide residents with an unparalleled urban lifestyle that combines cutting-edge design, premium amenities, and a thriving community within the bustling downtown area of Budapest.
Polat Holding
Pride of our history of nearly 70 years, making us one of Türkiye‘s most established and reliable brands, as Polat Holding, we are actively involved in Türkiye‘s leading sectors including real estate, energy, industry and technology, being present in Greece and Hungary as well. In both domestic and international projects, each bearing the Polat signature, the principle is to add value to the city, neighbourhood, and residents in which they are located. Polat projects offer a new living space in the most suitable way for the existing dynamics of the city and neighbourhood, without disrupting their silhouette. From the design phase to construction and operation, all projects are carried out with environmentally friendly and nature-conscious practices at every stage.
Raiffeisen Bank Zrt.
Raiffeisen Bank is a leading financier in the CEE region and has been operating on the Hungarian market for more than 30 years, as a member of the Raiffeisen Bank International AG Group. The Bank offers innovative and reliable banking solutions to retail customers, small and medium-sized enterprises, and large corporate clients. Raiffeisen Bank is committed to digital development, continuously improving customer experience and sustainability, aiming to support its clients as a long term financial partner in achieving their goals.
