DRFG Investment Group has completed its first commercial property acquisition in Hungary by purchasing the Bartók Ház office building from CA Immo. Located in central Budapest, the property offers more than 17,600 sqm of leasable space. The transaction is part of the group's strategy to expand its real estate portfolio across Central and Eastern Europe.
Jan Pelíšek, Director of the Real Estate Division, said: "I am pleased that we have completed another acquisition. This is a property in a location that fits into our long-term strategy for growth and diversification. Bartók Ház is the group's first office and commercial property in Hungary, yet we already see opportunities in this market that we intend to pursue."
Completed in 2003, Bartók Ház is a Class A office building with transport accessibility. Tenants include Dxc Technology, Lidl, Novartis, Sandoz, Mandiner Novum, and Mathias Corvinus Collegium Alapítvány. The building holds a BREEAM "Very Good" environmental certification and offers parking spaces.
Christoph Buchgraber from CA Immo said: "We are delighted that we have been able to secure DRFG as a long-term investor for this property and wish Trigranit continued success in managing Bartók Ház." On the seller's side, Eston acted as advisor. On the buyer's side, CBRE acted as advisor, legal advisory services were provided by Bird & Bird, and technical advisory was handled by Sentient.
The transaction also involved development company Trigranit, which became part of the DRFG Group last year. TriGranit will be responsible for the building's asset management, investments aimed at improving ESG parameters, and leasing activities. "We see Budapest and the entire Hungarian market as promising. With our knowledge of the market and a local team, we identified opportunities for development. Bartók Ház is a stable asset with a strong tenant portfolio, providing us with scope for value creation," said Tomasz Lisiecki, CEO of TriGranit.
