Park Atrium – one of the most recognisable Budapest office buildings, leased to Deloitte, ING and Roche - was sold last week. German-based Asset Manager Corpus Sireo - on behalf of one of their managed accounts - has purchased the building from Accession Fund managed by GLL Real Estate Partners for an undisclosed price believed to be in excess of €50 million.
Park Atrium is an architecturally contemporary office building located in the Central Pest submarket of the Hungarian capital. Constructed in 2004 and comprehensively refurbished in 2015, the property comprises 25,450 sqm of GLA arranged over ground and 7 upper floors, with 375 parking spaces. Park Atrium boasts LEED ’Gold’ Certificates for the interior design of Deloitte and ING’s premises.
Lakatos Köves, CBRE and Colliers represented the vendor in the transaction, whilst Baker & McKenzie and Cushman & Wakefield advised the purchaser.
