Magyar Posta Real Estate Investment Fund to purchase ten strip mall centers

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With the representation of Diófa Fund Management, Hungarian local open-ended fund Magyar Posta Real Estate Investment Fund signed an agreement on the acquisition of ten strip mall type of retail centers, according to a press release issued today.

The fund will acquire the ten centers outside the capital as a portfolio through one transaction, the statement said. The acquisition request was reportedly submitted to the Hungarian Competition Authority for clearing.

The ten malls are in Pécs, Dunaújváros, Székesfehérvár, Szombathely, Ajka, Szentes, Kazincbarcika, Kiskunhalas, Esztergom and Budakeszi.

After the current transaction winds up, the fund will have a total of 57,500 sqm of retail space to let, according to the press release.

Recently Diófa Alapkezelő Zrt announced the acquisition of two big retail units: mall Europark in Budapest and mall Zala Park in Zalaegerszeg.

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