The German-based Asset Manager Corpus Sireo, on behalf of one of its managed accounts, purchased Park Atrium in Budapest from Accession Fund, managed by GLL Real Estate Partners. The cost of the deal is not disclosed, however, market sources are speculating it is in excess of €50m. Constructed in 2004 and modernized in 2015, the property offers 25,450 sqm of GLA over seven floors as well as 375 parking spots. Park Atrium secured LEED Gold certificates for the interior design of Deloitte and ING’s premises. Lakatos Köves, CBRE and Colliers represented the vendor in the transaction process, while Baker & McKenzie and Cushman & Wakefield advised the purchaser.
