News Article Budapest Eston HGA Hungary investment office
by Property Forum | Investment

HGA Capital, a member of the CARISTO Management Group, has sold the Oktogon House office building in central Budapest to a company belonging to RIMO Holding AG. The transaction price has not been disclosed.

The Oktogon House complex comprises three parts: a seven-storey, 7,300 sqm office building, a six-storey, fully renovated historical building and a parking garage. The office property was built in 2002 as a multi-tenant building and is almost completely let. 339 parking spaces are available in the in-house parking garage.

HGA Capital acquired the building in 2017 for €15 million from Austrian investor Maculan Holding GmbH. With the successful sale of Oktogon House, HGA Capital has disposed of its last building in Budapest and exited the Budapest office market.

The seller was represented by Eston International.