DRFG Enters Hungarian Market with Acquisition of Bartók Ház in Budapest

DRFG Investment Group has expanded into Hungary’s commercial real estate market, acquiring the Bartók Ház office building in central Budapest from CA Immo. The property offers over 17,600 sqm of leasable space. This transaction aligns with DRFG’s strategy of expanding its real estate portfolio across Central & Eastern Europe.

The move follows DRFG’s earlier acquisition of TriGranit in 2024. In July–August 2024, DRFG purchased 100 percent of shares in the regional developer TriGranit, which continues to operate under its brand. The TriGranit platform brings a portfolio of development expertise that supports DRFG’s expressed ambition in the CEE region.

In a statement, Jan Pelíšek, Director of Real Estate at DRFG, commented that Bartók Ház is DRFG’s first commercial property in Hungary and represents a platform for future opportunities in the market.

The building, completed in 2003 and located in a central district, classifies as Class A office space and enjoys good connectivity. Among its tenants are international and domestic firms such as DXC Technology, Lidl, Novartis, Sandoz, Mandiner Novum and Mathias Corvinus Collegium Alapítvány. The building holds a BREEAM “Very Good” environmental certification and includes above-standard parking facilities.

Christoph Buchgraber of CA Immo stated that he is pleased DRFG is a long-term investor for Bartók Ház and expressed confidence in TriGranit’s management of the asset. Legal, technical, and advisory teams supported the deal: CBRE advised DRFG, Bird & Bird handled legal counsel, Sentient provided technical advice, and ESTON advised the seller.

The building’s asset management and ESG enhancement, as well as leasing operations, will be handled by TriGranit, which was fully acquired by DRFG in 2024 and now serves as the group’s local platform in Hungary.

Tomasz Lisiecki, CEO of TriGranit, said that Budapest and Hungary are viewed as promising markets. He described Bartók Ház as a stable asset with a dependable tenant base, offering a solid foundation for value growth and further expansion in the region.