• 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 ground floor units with gross leasable area of 4,624 m2 (49,772 sq ft) 

See property website for further details: parkcenters.hu

Key Facts
Location Siófok, Vak Bottyán u. 31, 8600 Hungary
Deal type Acquisition and bank restructuring
Closing date Dec 2013
Origination Direct from shareholder
Status Under management