A German private equity investor has purchased StefaniaPark, a 5,300 sqm office building in Budapest. The buyer was represented by Colliers International in its first-ever Hungarian acquisition following other deals in the region. JLL represented the seller, IVG, which carried out a full reconstruction of the building to create a class A building. The deal marks the end of a long drought in which investment deals in Hungary for high quality real estate assets has virtually dried up.
āWe have seen an increased level of investor interest in Hungary, targeting mostly offices and retail assets, and are certain that the currently low overall transaction volumes will be on the rise again,ā said Bence VĆ©csey, Director, Head of Investment Services at Colliers International Hungary.
