Allianz Real Estate, advised by JLL, has acquired an office building in Budapest, Hungary. The transaction marks one of the largest office deal investments in CEE this year. The prime asset delivered in 2010 is located at the junction of the CBD and the Váci Corridor on a major transport hub of the city (train, metro, tram, bus) and offers beautiful views onto the public Eiffel Park and the glass-panelled roof of the Western Railway station inaugurated in 1877 and currently going through a major refurbishment. The 23,500m² asset is anchored by BNP Paribas Group, Dealogic, Grundfos and Agoda while Tesco, Yves Rocher, Costa Café and the private medical centre Medicover occupy the lower floor.
“We are very proud to have worked with our client Allianz Real Estate and the Seller’s team on this important transaction of the first half of 2020. This deal was structured off-market and was mainly negotiated during the lockdown period. Our teams are now back in the office and we work hard to revive the dynamic of the market we had before the outbreak,” commented Benjamin Perez Ellischewitz, Head of Capital Markets at JLL.