Hungary: Immoeast buys Átrium Park
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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