CA Immo has sold the Bartok Haz office building in central Budapest to an institutional investor, marking the company's second property sale in the city in 2025.
The multi-tenant building, completed in 2003, has a gross leasable area of approximately 17,700 sqm and offers 408 parking spaces. As of September 2025, occupancy is about 95% with a WAULT of 5 years to end by income and annualised in place GRI of €3.5 million.
"Based on market fundamentals and attractive alternative capital allocation options, we have decided to reclassify Hungary to a non-core market in 2023," said Keegan Viscius, CEO of CA Immo. "Following the recent sale of the IP West office property in Budapest, this transaction is a further step in the implementation of our strategic capital rotation programme and towards our exit from the Hungarian market."
Hedwig Höfler, Head of Investment Management of CA Immo, noted that "Budapest office investment market is recovering and has already overtaken the transaction volumes of 2024. We have successfully closed two transactions this year and are confident that our quality portfolio will attract further investors."
The sale aligns with CA Immo's long-term investment strategy, which focuses on large, high-quality Class A office properties in prime inner-city locations. As of 30 June 2025, CA Immo's Hungarian portfolio consisted of seven office buildings in Budapest with a total lettable area of around 140,000 sqm and a book value of around €260 million.
