Warimpex acquires B52 office building in Budapest

Warimpex acquires B52 office building in Budapest

Published at: 2018-04-24 10:59 | Author: CIJEurope.com
Warimpex Finanz- und Beteiligungs AG has purchased the B52 office building in Budapest. The deal is expected to close before the end of the second quarter. The seller is CCE Investment Kft., the investment arm of ConvergenCE. The cost of the deal was not disclosed. The property was built in the early 2000s and underwent an extensive renovation between 2012 and 2016. With a total area of more than 5,200 sqm, the property offers flexible office layouts spread out over seven upper floors and a ground floor. “We are excited about the fact that we were able to expand our office property portfolio with an asset that is already fully let out and will thus provide ongoing income starting immediately. This is also in line with our strategy to gradually increase our cash flow following the partial portfolio sale last year,” said Warimpex CEO Franz Jurkowitsch.

Similar Stories:

Axi Immo opens new branch in Łódź in office building Fabryka Grohmana
Axi Immo has opened a new office at the revitalized Ludwik Grohman Factory in the Łódź  »
DIC buys new Leverkusen office building for €51m
DIC Asset AG has acquired a fully-leased office property in Leverkusen-Mitte for €51m. T  »
ECC Real Estate moves to Topaz office building
ECC Real Estate has leased 370 sqm at the Topaz office building on Domaniewska street in W  »
Porr moves to Opera Office, five others renew leases
Porr S.A., one of Poland’s leading general contractors, has taken space at Opera Office  »
on behalf of a separate account for a German pension scheme, administered by Institutional   »
Czech Republic  ♦  100 Towers lands Táborská 31
The growing collection of Czech domestic investors that’s become such a force on the loc   »
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   »