MCAP Global Finance acquires Népliget Center in Budapest

MCAP Global Finance acquires Népliget Center in Budapest

Published at: 2018-01-11 10:05 | Author: CIJEurope.com
MCAP Global Finance (UK) LLP, the London subsidiary of the New York-based global investment manager Marathon Asset Management, acting on behalf of its funds and managed accounts, has acquired the Népliget Center office building. The buyer was advised by Lodge & Partners, which will oversee the asset management of the building. The cost of the deal was not disclosed. The building offers 28,300 sqm of primarily class A office space as well as 450 parking spaces. Tenants include Ericsson, DHL, Philips, and the Hungarian National Railway. “We are delighted to have acquired Népliget Center, our first acquisition in Hungary and within the CEE region. This is an excellent asset with good property fundamentals including exceptional access to Budapest’s public transportation network,” said Klaus Schmid, director of MCAP Global Finance. ”As part of our business plan, we aim to optimize the building and have identified opportunities to further enhance our current and future high-quality tenant occupation.”

Similar Stories:

Starwood Capital Group buys Hamburg office portfolio
An affiliate of Starwood Capital Group and its joint venture partner CELLS Property Invest  »
Rise.pl chooses Galileo for third location in Kraków
Rise.pl, a Polish coworking space and serviced office operator, has leased 1,450 sqm of sp  »
Enel takes 11,000 sqm at Day Tower in Bucharest
Enel signed a lease to take more than 11,000 sqm at the Day Tower building, which is neari  »
Union Investment sells office property in Stuttgart
Union Investment sold an office property in Stuttgart to Conren Land. The purchase price w  »
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   »
Portland Trust has begun construction on Building C, the final phase of Oregon Park. A sig   »
Ghelamco has sold building B of the Warsaw Spire office complex for €100 m. The buyer of   »