Hungary: Immoeast buys Átrium Park

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Austrian real estate developer Immoeast has purchased the Átrium Park office project in Budapest from peer Wallis Ingatlan, the buyer announced.

Immoeast CEO Karl Petrikovics said the €100 million purchase has high prospects, since the building is situated in an excellent location, and already the provisional occupancy of over 50% carries high promises. Átrium Park, located on Váci út is currently under construction, to eventually hold 73,000 square meters of space, spread on a 1.2-hectare area. The investment is scheduled to be completed by Q1 of 2008. (NG 3)

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