InfoPark A changes hands

The office building in Budapest’s South Buda district is LEED ‘Gold’ certified and has been fully leased for many years and through an internal reorganisation an additional 1,500 sqm is to be made available. The seller was represented by Colliers International in this sales transaction.

Ede Gulyás, the head of CA Immo Hungary, has announced that: “This is the second transaction that we have completed through our excellent partnership with Diófa Alapkezelő. They have received a high quality building occupied by a first class tenant that will become, in my opinion, a stable revenue maker within their portfolio. We have managed to sell building A of Infopark in a favourable market following a local portfolio adjustment that included the large-volume purchase of the 70,400 sqm office complex Millennium Towers in 2016. With a property portfolio worth more than EUR 450 mln, Hungary is CA Immo’s major CEE market and we are continuing to accelerate our growth here.”

“We are delighted to close another successful investment transaction with CA Immo Hungary. As an asset management company we are focused on serving our investors’ interests through a stable portfolio with long-term returns. Infopark A is a perfect fit to our balanced and diversified real estate stock, and furthermore it also has value-add potential,” commented Balázs Czifra, the real estate investment director of Diófa Asset Management.

The five-storey building was delivered to the market in 2000 and renovated in 2015. The building also includes an underground car park and a restaurant.