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.”

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