by Property Forum | Investment

Vienna-based FLE GmbH, part of the French LFPI Group, announced the purchase of the Achat Premium Budapest, a four-star hotel with 135 rooms, east of Budapest’s city centre, on behalf of Luxembourg-based fund FLE SICAV FIS.


Budapest-based boutique commercial real estate company AN Limited assisted in the transaction’s realization.
 
"Although our main activities are in Austria and Germany, due to our expansion strategy and aims at diversification we are establishing ourselves in alternative markets including the Central European region," said FLE GmbH Managing Partner Alexander Klafsky. "We seek to invest in modern, centrally located retail, office and hotel units, where there is good infrastructure, a quality tenant pool, and high occupancy rates enabling sustainable and adequate returns."