• Direct from shareholder


  • Held by Fund I


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

Value Creation

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

Property Type

  • Retail portfolio consists of 5 ground floor units, with gross leasable area of 1,585 m2 (17,060 sq ft) 

See property website for further details: parkcenters.hu

Key Facts
Location Marcali, Noszlopy Gáspár u. 18, 8700 Hungary
Deal type Acquisition and bank restructuring
Closing date Dec 2013
Origination Direct acquisition with ownership
Status Under management