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Tag Archives: Dream Island

Hungary – Dream Island sinks as Hungarian government buys back land

The Hungarian government is to buy back two properties on Budapest’s Hajógyári Island for HUF4bn (€12m) from owners Plaza Centers which had planned a €1.5bn Dream Island. Taking shape as a mini Las Vegas on the Danube island, Plaza had held a 43.5 per cent stake in Dream Island, a prestigious development on the Óbuda…