GLL Real Estate Partners GmbH (GLL) is a Munich based real estate fund manager group, formed in 2000 as a joint venture between HypoVereinsbank, Lend Lease Corporation and Assicurazioni Generali. The group invests on behalf of its investors in Europe (Central- and Eastern Europe, the United Kingdom and Western Europe), the United States of America and Latin America (Argentina, Brazil, Chile and Mexico). GLL established local offices and vast networks in these markets in order to create opportunities, preserve value and generate growth. Due to its track record, GLL is recognized as a trustworthy and dependable partner. This reputation provides GLL access to deals. The track record gives vendors, banks and other market participants early comfort in dealing with GLL.
Cherishing great landlord-tenant relations through ongoing personal dialogues and continuous property improvements has always been a key to the success of GLL Real Estate Partners. The international real estate fund management company outperforms the market in terms of occupancy, and maintains below average vacancy rates in its office buildings located in many European capitals.
During the second quarter of the current year three new tenants joined the centrally located premium office building, and one of its current tenants expanded its lease contract. The self service restaurant on the ground floor will introduce a hybrid concept that is unique in Hungary. From now on it hosts the BADGIRLZ bar and club in the evenings while during the day it continues to operate as a high quality restaurant.
Bence Balázs, MRICS responsible for Asset Management at GLL Real Estate Partners means that exciting products could always shop up at Budapest market, but there is no time to relax: not only other cities in the region are our competitors, as almost the entire world is competing for investors' money.
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