• Direct from shareholder


  • Held by Fund I


  • 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

  • 7 retail warehouse units with gross leasable area of 5,580 m2 (60,062 sq ft)

See property website for further details: parkcenters.hu

Key Facts
Location Kishatár út 9.4031 Debrecen, Hungary
Deal type Acquisition and bank restructuring
Closing date Dec 2013
Origination Direct from shareholder
Status Under management