The multi-tenant building completed in 2003 has a gross leasable area of approximately 17,700 sqm and offers 408 parking spaces. As of September 2025, occupancy is about 95% with a WAULT of 5 years to end (by income) and annualised in place GRI of €3.5m.
Keegan Viscius, CEO of CA Immo: “Based on market fundamentals and attractive alternative capi-tal allocation options, we have decided to reclassify Hungary to a non-core market in 2023. Follow-ing the recent sale of the IP West office property in Budapest, this transaction is a further step in the implementation of our strategic capital rotation programme and towards our exit from the Hungari-an market. The proceeds from sale may be used in a number of ways, including general corporate purposes, accretive investment in our prime portfolio, repayment of debt, buyback of shares, and external investment should attractive opportunities arise.”
Hedwig Höfler, Head of Investment Management of CA Immo: “Budapest office investment mar-ket is recovering and has already overtaken the transaction volumes of 2024. Especially foreign in-vestors have once again turned their attention to investment opportunities in Hungary. We have successfully closed two transactions this year and are confident, that our quality portfolio will attract further investors.”
The sale is in line with CA Immo's long-term investment strategy, pursuing a clear focus on large, high-quality Class A office properties in prime inner-city locations. As part of this strategy, CA Im-mo is selling properties that do not correspond to the core business in terms of asset class, location, building quality, age, or value creation potential, continuously optimising the quality and sustaina-bility of the property portfolio.
CA IMMO
