Origination


  • Direct from shareholder

Ownership


  • Held by Fund I

Role


  • Acquired 100% shareholding as part of an agreed restructuring agreement with bank

Value Creation


  • Generated cash flow used to de-lever assets
  • Improvement of locally managed assets to stabilise rental income and confirm lease renewals
  • Investments in tenant improvements and marketing attract new tenants
  • Transform to institutional grade investment

Property Type


  • 8 ground floor units with gross leasable area of 5,059 m2 (54,454 sq ft)
     

See property website for further details: parkcenters.hu

Key Facts
Location Nagykanizsa, Récsei út 28, 8800 Hungary
Deal type Acquisition and bank restructuring
Closing date Dec 2013
Origination Direct from shareholder
Status Under management