Origination

• Direct from shareholder

Ownership

• Held by Fund I

Role

• 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

• 2 retail units with gross leasable area of 543 m2 (5,844 sq ft) plus 2 additional basements

See property website for further details: parkcenters.hu