| Key Facts | |
|---|---|
| Location | Mosonmagyaróvár, Szekeres Richárd u. 19, 9200 Hungary |
| Deal type | Acquisition and bank restructuring |
| Closing date | Dec 2013 |
| Origination | Direct from shareholder |
| Status | Under management |
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
- 9 ground floor units with gross leasable area of 4,891 m2 (52,646 sq ft)
See property website for further details: parkcenters.hu
