The purchase is the first acquisition by Zeus Capital Management in Hungary and is an important milestone for HB Reavis, the company said.
The office building, which opened in 2014, has a total of 21,150 sqm of office area. The building has been awarded with an “Excellent” BREEAM certificate, as well as receiving the “Tenant Award of the Office Building of the Year” from iroda.hu, a Hungarian news portal specializing in real estate.
Tenants of the building include MVM Group, CRH Hungary, Sony Europe, Mylan, Intrum Justitia, GlobeNet and Statlogics. The developer of the building, HB Reavis, also has its Hungarian headquarters in the building.
CBRE Hungary was involved in the transaction as an advisor and Unicredit Hungary as financier.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
