ConvergenCE has purchased the 5,400 sqm Arpad Center in Budapest. The price of the deal wa not disclosed. The office property also includes 63 parking spots. In the last two years, ConvergenCE has expanded its Hungarian portfolio, acquiring the B52 office building and 7 ha of industrial land along the M7 motorway. āOur new in-house funds are focused on achieving above-market returns primarily in offices and logistics by realizing the full potential of development land and older existing buildings,ā said Alan Vincent, managing director at ConvergenCE.
