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OTP Bank buys office building in Budapest

OTP Bank on Tuesday said it bought an office building on Váci utca, a main traffic corridor in the west of the capital, on November 30.  

OTP Bank purchased the building by acquiring its owner CIL Baber. OTP Bank also bought the buildings main tenant, D4 Tenant.

OTP Bank did not reveal the name of the seller or the purchase price.

The building was the last of four blocks completed by Hungarian-owned Wallis in 2005. It has 8,570 square meters office space. The building is next to a building already owned by OTP Bank. (MTI-Econews)