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2023-10-03 00:00:00
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In a notable real estate development, Frank Liu, a Taiwanese billionaire and also a Hungarian citizen, has successfully acquired the Taszár military airport in Hungary, located 180 km southwest of Budapest. The acquisition was made through several of his business subsidiaries.
Historical Background:
The Taszár military airport had been operational until 2005, after which it was closed by the Hungarian military due to financial constraints. In 2009, a significant portion of its territory was sold to KaposBusz, and since then, the remaining structures on the site have fallen into disrepair.
Sale Details:
The acquisition of the airport was finalized at an auction on March 31, 2023, for HUF 3.6 billion (EUR 9.33 million). The acquisition marks a significant investment in the region and indicates a potential revival and redevelopment of the once-defunct military airport.
Potential Development:
While the specific plans for the airport remain undisclosed, the acquisition by a renowned businessman like Frank Liu suggests potential significant developments and investments in the area. Given his diverse business interests, it remains to be seen whether the airport will be revitalized for aviation purposes or repurposed for other commercial or industrial uses. The acquisition opens the door to various possibilities for economic development and job creation in the region.
The acquisition of Taszár Airport by Taiwanese billionaire Frank Liu brings forth possibilities of rejuvenation and development for the decommissioned military airport and the surrounding area. This investment marks a significant chapter in the property's history and could potentially catalyze economic growth and development in the region, depending on the strategic utilization and management of the acquired asset. The specific intentions and future plans for the airport are eagerly anticipated, as they will shape the economic landscape of the region in the years to come.
View article about; Frank Liu: The Taiwanese Tycoon Steering Investments in Hungary
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