Warsaw-listed developer GTC has acquired the Duna Tower office building located on Váci Corridor in Budapest for €52.15 million. The seller is Duna Tower Ingatlanhasznosító és Kereskedelmi Korlátolt. The property offers 31,500 sqm plus a 3-floor underground garage with 400 parking spaces. The investment is leased to international tenants. GTC intends to improve on the list of international tenants now in the building by upgrading the property. This purchase takes GTC Hungary’s total office portfolio up to 118,000 sqm gross leasable area, with buildings that include major class A office buildings like Center Point, GTC Metro and Spirál.
