The sale represents one of the most significant acquisitions by an international group in the Bu-dapest office segment in 2024/2025. CBRE and CERHA HEMPEL Rechtsanwälte advised on the sale.
The sale emphasises the high quality of the CA Immo portfolio in Budapest and is an important step in the strategic withdrawal of the company from the Hungarian market. After a quiet period for the office investment sector in Budapest the IP West transaction reflects renewed interest and focus in Budapest offices which has seen an over correction in pricing and with investors now targeting this sector as returns and rental growth start to flourish.
Keegan Viscius, CEO of CA Immo: “The successful completion of the sale of IP West marks the beginning of our strategic withdrawal from the Hungarian market. The sale will enable us to strengthen our commitment to our core markets and further sharpen our strategic focus. CA Immo is pursuing a clear objective of concentrating on high quality, class A office buildings in central lo-cations on our core markets.”
The IP West office building comprises around 32,100 sqm of leasable office space and approximately 800 parking spaces. It is located in the 11th district of Budapest, in southern Buda, west of the Dan-ube between the Petőfi and Rákóczi bridges. It has excellent road and public transport connections.
CA IMMO
