Last week saw Morgan Stanley finally complete their purchase of the AEW portfolio in Budapest; this week has seen the formal announcement of TPG’s purchase of Trigranit – whilst ostensively a company deal, it is still one that has obvious positive implications for the Hungarian property market. But is this another false dawn – or the start of the re-emergence of Hungary as an investment destination?
International real estate services provider JLL represented AEW Europe in the disposal of their Hungarian real estate portfolio. This transaction is the largest portfolio sale in Hungary since the global financial crisis.
West End Business Center, located in Budapest’s city center and MOM Park Shopping Center and Offices situated in the heart of Buda– both managed by AEW Europe, secured a significant amount of lease renewals with existing tenants.
EMKE - Budapest’s iconic office building, managed by AEW Europe - went through a significant transformation in the last few months: its interiors and technical systems have been completely upgraded to meet the needs of 21st century office occupiers.
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