Orco purchases a department store in Budapest According to the Hungarian State Treasury Agency (KVI) Orco has purchase a department store Divatcsarnok in District 6 for HUF3bn or EUR12m from the State Treasury Agency. The department store has not been in used for several years. Orco will keep the originál function of the store, i.e. shops, restaurants etc. The acquisition confirms Orco’s expansionary trend in the Emerging Europe region while focusing on deal with re-development potential, which offer higher yields. We do not expect the transaction itself to have any significant impact on today’s trading.