Futureal sells Advance Tower
Investment & financeschedule 20 May 2019
Advance Tower is occupied by such tenants as KPMG Global Services and Thermo Fisher Scientific
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HUNGARY Futureal Group has sold its Advance Tower building to the Erste Real Estate Fund. The second stage of the same project could also be sold to the fund under a forward purchase agreement.
Although the transaction price has not been disclosed the value of the entire complex was estimated in March last year at around EUR 68 mln.
The eight-storey, office building is occupied by tenants such as KPMG Global Services and Thermo Fisher Scientific. The second stage of the project will have an area of 8,000 sqm gla and expand the complex to over 20,000 sqm. Advance tower is BREEAM certified and also holds WELL ‘Platinum’ precertification.
“The sale of Vision Towers and Advance Tow
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