Martley Capital has completed the sale of Terra Next A, an office building located on the Terra Park Next office park in Budaörs, the western gateway of Budapest.
The asset was sold by one of Martley's Central European funds to a domestic owner occupier purchaser in Q4 2025 for a price in line with the fund's exit target. Martley Capital continues to own and manage the neighbouring Building B where leasing progress has been made over the past 12 months.
Terra Park Next comprises 10 office blocks on a 16-acre park, providing office accommodation with on-site occupier amenities. The location offers lower rent and utility charges than city centre buildings, whilst benefiting from public transport and road links.
Building A was constructed in 2001 and provides approximately 10,000 sqm of accommodation across basement, ground and three upper floors, with associated car parking. The amenities include 24-hour security, raised floors, suspended ceilings, air conditioning, restaurants and fitness facilities.
Tibor Raduly, Head of Hungary at Martley Capital said: "Martley Capital remains confident in the fundamentals of the Hungarian market and has successfully executed the sale of the asset against the backdrop of a market that is now showing clear signs of recovery."
Kapolyi Law Firm acted as legal advisors on the sale.
Martley Capital has around £900 million in assets under management across 30 mandates across the UK and Europe.
