GTC International Group purchases Duna Tower
Budapest’s Duna Tower office building has been purchased by the Hungarian unit of GTC International Group, and the buildingʼs specification and amenities will be upgraded in the following months, the company said today in an announcement, Hungarian news agency MTI reported.
The price of the acquisition and the identity of the previous owner were not disclosed in the announcement.
The office building has 16 floors, 31,500 sqm of gross leasable area and an occupancy rate of 80%, MTI reported.
The purchase takes GTC Hungaryʼs total office portfolio up to 118,000 sqm of gross leasable area. GTCʼs portfolio in Budapest includes major "A" category office buildings like Center Point, GTC Metro and Spiral, MTI added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.