Vienna-based investment manager GalCap Europe has acquired Merkúr Palota (the Mercure Palace), a fully renovated office building in Budapest. The seller is a private investor; both parties agreed not to disclose the purchase price.
GalCap Europe was founded in 2015 and has since established itself as a specialized investment and asset manager for the Austria & CEE region. In addition to pension funds and insurance companies from the German-speaking countries, clients include American and UK-based private equity funds, for which GalCap Europe acts as local partner in the region.
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