One of the leading players in the real estate sector in Turkey and Europe, Polat Real Estate has signed a €60 million financing agreement with Raiffeisen Bank Hungary, with a three-year maturity, for its Seven Pearl project located in the heart of Budapest, Hungary.
With more than 70 years of experience adding value to Turkey’s real estate sector, Polat Real Estate has reached another significant milestone in its international investments. For the development of the Seven Pearl project in Budapest’s 7th District, the company finalized a €60 million financing agreement with Raiffeisen Bank Hungary. Completed under the legal consultancy of Baker & McKenzie, this process further confirms Polat Real Estate’s credibility in the European market and its steady growth momentum.
Scheduled for completion in 2027, Seven Pearl is located between Dohány Street and Síp Street, two of Budapest’s most prestigious avenues, at the center of the city’s historic fabric. Comprising five blocks, the project seamlessly blends architectural heritage with contemporary living.
Offering a variety of floor plans ranging from studio (0+1) to four-bedroom (4+1) units, Seven Pearl will consist of 163 exclusive residences sized between 29 m² and 186 m², along with 11 commercial units. Redefining luxury living through its spacious interiors, high-ceiling architecture, and premium specifications, the project also stands out with its two-level underground parking facility with a capacity of 149 vehicles, a highly valuable feature in the city center. The project is expected to be completed and delivered to owners by the end of 2027.
Having developed Piyalepaşa Istanbul, Turkey’s largest urban regeneration project carried out by the private sector, Polat Real Estate brings its deep expertise in urban transformation to Budapest. By combining restoration, renovation, and modern architectural solutions, Seven Pearl presents a reference urban regeneration model for Hungary.
This €60 million financing support not only confirms the project’s high credibility, but also once again demonstrates Polat Real Estate’s strong financial structure and operational reliability in international markets.
Commenting on the agreement, Kaan Yücel, Executive Board Member Responsible for Operations at Polat Real Estate, stated:
“At Polat Real Estate, every project we develop in Turkey and Hungary is guided by our vision of creating lasting value for both the region and its residents. We are proud to bring the deep urban regeneration experience we gained in Turkey to the heart of Budapest. Seven Pearl is not merely a residential project; it represents a transformation of value for the area by uniting historical heritage with modern living. Our cooperation with Raiffeisen Bank is a strong reflection of the international reliability of our project and our sustainable growth strategy.”
Emphasizing the sustainability aspect of the collaboration, Ferenc Kementzey, Deputy CEO of Raiffeisen Bank Hungary Zrt., expressed his satisfaction with strengthening their partnership with Polat Real Estate, stating:
“In line with our long-term sustainability strategy, we are firmly committed to continuing our investments in real estate projects that are more environmentally friendly and create lasting value.”
With this significant partnership, Polat Real Estate further strengthens its position in international markets while continuing to pursue its vision of developing sustainable, high–value-added projects that respect historical heritage across Europe.