In 1999 in accordance with the agreement signed by the Local Government of Mosonmagyaróvár and the Urban Development Privately Held Corp. – formerly called SCET Hungary Urban Development Corp. – examined the way the urban development ideas of the Local Government can be carried out with the cooperation of the public and private sectors taking into consideration market conditions, however, in a manageable and financially favourable way, and made the urban development action plans, and the recommendations relative to the structural model of their implementation.
The Local Government recognised the need of acting as initiator in the urban development process, and being in the head of affairs:
Since 2001 MOVINNOV Ltd., founded in 1992, has been operating as an urban development society, and thus, on the basis of the action plans the creation of the new green residential area – Lajta Residential Park, the rehabilitation of the historic town centre of Mosonmagyaróvár, and several other urban development and urban rehabilitation operations were launched.