Wing Zrt, has acquired a retail portfolio which includes the EuroCenter Óbuda shopping center in Budapest as well as two properties in the regional city of Szombathely. The company has more than 10 years of experience developing and managing retail properties and plans to carry out value-enhancing investments across the new portfolio with a particular focus on EuroCenter Óbuda, which offers 23,000 sqm and was opened in 2000. The deal also included the Family Center shopping center and the Praktiker department store in Szombathely. The transaction was approved by the Hungarian Competition Authority in January and was financed by Sberbank Hungary. The cost of the deal was not disclosed. “With the acquisition of the EuroCenter Óbuda shopping center and the Szombathely properties, Wing’s retail portfolio has expanded with valuable assets. EuroCenter’s demonstrated value is clear, and we believe that our position as a local investor adhering to international best practices will allow us to further enhance the value proposition for both customers and tenants,” said Noah Steinberg, CEO of Wing Zrt.
