The real estate investment volume in Hungary in the first six months of the year hit €500m in 14 deals, according to CBRE. The results were driven by Optimum Ventures Private Equity Fund’s acquisition of a 61.5-percent stake in GTC. Meanwhile, JLL’s H1 investment volume estimate for Hungary was higher at €610m, with year-end expected to net between €1.4bn and €1.6bn.
“We currently see more than €600m worth of deals that could realistically close this year and unexpected opportunities could [also] emerge,” CBRE wrote in its report. “As such, while there is lingering uncertainty as to how the latter stages of the Covid-19 situation could play out, currently it seems like a recovery in investment activity can be expected in the second half and the annual investment volume can end up comfortably above the €1bn mark, with a stronger rebound in 2021.”
