GalCap Europe, a Vienna-based international investment and asset management company, has acquired Central Udvar, its second property in Budapest after Merkur Palota. The purchase was made on behalf of a separate account for a German pension scheme, administered by Institutional Investment Partners. Central Udvar is a mixed-use complex located in the center of Budapest.The investment offers 16,780 sqm of leasable class A office, storage and hospitality space, with 215 parking spots in the underground garage. CBRE advised GalCap Europe in this off-market deal, while legal advice was provided by CHSH Dezső & Partner.
