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Owner, operator

Erste Alapkezelő

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The two real estate funds managed by Erste Alapkezelő Zrt. (Erste Open-Ended Real Estate Investment Fund and Erste Open-Ended Euro Real Estate Investment Fund) are currently Hungary’s largest real estate investment funds in terms of asset value and have been key players in the real estate investment market for years.

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Leases in its buildings and those it brokered.

Erste Ingatlan Alap acquires Market Central Ferihegy

Market Central Ferihegy, one of the largest retail parks in Hungary, and adjacent office complex Quadrum have been acquired by Erste Ingatlan Alap. According to Erste Asset Management, growth of the economy and expansion of the retail market in Hungary may facilitate higher rent, representing favourable outlooks for future returns of real estate funds.

Skanska sells Nordic Light to Erste Funds

Skanska has sold Nordic Light, an office complex in Budapest, Hungary. The property has been acquired by Erste Alapkezelő Zrt, a subsidiary of Erste Asset Management GmbH. Nordic Light is the seventh office project developed by Skanska in Budapest during the 29 years the company has operated in Hungary.