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Under the Radar: Buda Villa Acquired From Philip Rákay's Company to Gellért Jászai's Private Equity Funds

Summary by telex.hu
Philip Rákay's company bought a historic villa for 198 million, which four years later was valued at 631 million. It even exceeded that.

4 Articles

Lean Left

Already in 2022, nothing was known about this until Jászai's private equity funds pushed 160 million into the company that owns the villa for renovation.

·Hungary
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Lean Left

Philip Rákay's company bought a historic villa for 198 million, which four years later was valued at 631 million. It even exceeded that.

Philip Rákay's company quietly passed on a multi-million-dollar villa on Széchenyi Hill to Gellért Jászai's private equity funds.

The real estate transaction worth hundreds of millions of forints remained under the radar.

·Hungary
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telex.hu broke the news on Wednesday, October 14, 2026.
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