Published at: 2018-05-25 12:27 | Author: Robert McLean
GalCap Europe, has acquired Central Udvar, its second property in Budapest after buying Merkur Palota. The purchase was made
on behalf of a separate account for a German pension scheme, administered by Institutional Investment Partners. Central Udvar is a mixed-use complex located in the center of Budapest. The investment offers 16,780 sqm of leasable class A office, storage and hospitality space, with 215 parking spots in the underground garage. CBRE advised GalCap Europe in this off-market deal, while legal advice was provided by CHSH Dezső & Partner. GalCap Europe is a Vienna-based investment and asset manager targ...

Similar Stories:

GalCap Europe completes first property deal in Poland
GalCap Europe finalized its first commercial real estate deal in Poland. The investment an  »
EC investigates Vodafone's plans to buy UPC
The European Commission has delayed the planned acquisition of UPC by Vodafone's owne  »
THE MOST EFFERVESCENT REAL ESTATE AREA IN ROMANIA
The area located adjoining Aurel Vlaicu metro, at the junction of Barbu Vacarescu, Pipera  »
Immobel sells Cedet office building in Warsaw for €129.5m
Immobel has sold the Cedet office building in Warsaw for €129.5m to a fund managed by GL  »
Czech Republic  ♦  100 Towers lands Táborská 31
The growing collection of Czech domestic investors that’s become such a force on the loc   »
Romania’s tallest building, the 137m Sky Tower in Bucharest, is to be surpassed next yea   »
Czech Republic  ♦  Three PropTech myths debunked
Something is happening here. And as it happens with anything that’s new, the whole movem   »
Shopping centers accounted for 134,000 sqm of the growth. The biggest projects delivered i   »