They have been locally managed by Teichmann & Companions since acquisition in 2015.

The Seller commented, “We have recently secured the lease extension of our tenants in both buildings; hence this was a perfect timing to dispose of the stabilized assets. Through this seamlessly executed transaction managed by Avison Young, we were able to successfully exit the Hungarian market while achieving excellent returns.”

The Seller was advised on the disposal by Benjamin Perez Ellischewitz, Principal at Avison Young Hungary. Legal support was provided by Szécsényi & Partners (sell side) and Oppenheim (buy side).

Avison Young